TECH Fort Worth Client CorInnova Hires William C. Altman as CEO

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 19, 2009 -- FORT WORTH, Texas -- William C. Altman, an entrepreneur with 20 years of experience in building, buying and managing growth companies, has been named Chief Executive Officer of CorInnova, Inc.

CorInnova, headquartered in Houston, is a medical device company doing pre-clinical development of heart failure recovery technologies. It is a client of TECH Fort Worth, which provides business mentoring, consulting and assistance to help CorInnova bring its technology to market, and has a lab in the TECH Fort Worth Acceleration Lab at UNT Health Science Center at Fort Worth. Darlene Ryan, Executive Director of TECH Fort Worth, worked with CorInnova’s founders to recruit Altman to the company.

During a career as a private equity investor, consultant, board member, President/Chief Executive Officer and Chief Operating Officer, Altman co-founded three firms, two of which grew to more than $70 million in revenues. He has served on the boards of five growth companies, including a publicly-traded firm with a market capitalization of $1.5 billion and 7,000 employees before it was successfully sold.

Recently, Altman played a key role in founding a fourth start-up firm, Vapogenix, a pharmaceutical development company engaged in pain management. He currently serves on the Business Advisory Board. Altman also serves on the Business Advisory Board of n3D Biosciences, a start-up company engaged in the production of three-dimensional cell culture media and devices.

Previously, Mr. Altman served as President, CEO & Director of Kardia Therapeutics, a regenerative medicine company engaged in developing adult cardiac stem cells for use in heart failure therapy. Mr. Altman also co-founded FemPartners, a health care services firm providing management services and facility development joint ventures in women’s health care, which grew to over 500 employees, as one of the largest women’s healthcare services firms in the US. Mr. Altman was Executive Vice President and Chief Development Officer as well as Chief Operating Officer, and raised $15 million in financing from prominent East Coast venture firms. Mr. Altman also co-founded and served as President of Tredex Tile Corporation, a successful private equity-backed distribution firm. Most recently, he helped build “C-level” health care and life science senior management teams as Senior Client Partner in the Houston office of Korn/Ferry International, the nation’s largest executive search firm. Earlier in his career, Mr. Altman worked as a management consultant at McKinsey & Company and did private equity investing as Senior Vice President of Capital Guidance Corporation, a multi-national wealth management firm.

Mr. Altman was a Rhodes Scholar at Oxford University, where he earned an M.A. in Politics and Economics. He also received a Bachelor of Science degree in Electrical Engineering, summa cum laude, from Texas A&M University, and an M.B.A. from Harvard Business School.

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