21 May 2019
Inovus Medical, a leading designer and manufacturer of medical and surgical simulators, has announced the appointment of Glenn Cooper to the board of directors. Glenn, a DIT Export Champion, joins the high growth medical technology company as Non-Executive Chairman bringing with him a wealth of operational and export experience along with a substantial investment from his private family fund.
The appointment of Mr Cooper comes just weeks after the introduction of a UK wide commercial team and is part of a wider company expansion following a £700,000 investment in late 2018 (Northern Powerhouse Investment Fund and Private Investors). Whilst supporting the board with on going domestic growth, Cooper will be focusing on supporting the company’s ambitious overseas expansion plan with export revenues growing at over 100% annually.
Inovus Medical CEO, Dr Elliot Street, said: “Glenn is a great addition to the senior management team at Inovus. His experience managing high growth manufacturing and export businesses will prove valuable as we scale our internationalisation
Glenn Cooper said: “l am pleased to be joining the Inovus team, I am looking forward to assisting Inovus realise it’s planned focused expansion, by offering their quality range of products on a global scale. The recent investment supports the business to achieve its future exciting goals; with the right attitude, commitment and focus Inovus can scale its business globally.”
Mark Wyatt, Mercia Investment Director said: “Following the successful exit of LDC backed ATG Access Ltd earlier this year, where Glenn was Chairman, we are delighted that he has decided to join the Board of Inovus. Glenn brings a wealth of experience in growing and exiting businesses. Having spent time getting to know the team and the business, we are glad that Glenn is now able to engage at Board level and support the executive team in the next phase of development of Inovus.”
HRC Law of Manchester provided legal counsel for the company.
Northern Powerhouse Investment Fund:
The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.