John Dahldorf, former CFO for Volcano Corp., has joined device company Benvenue Medical as its chief financial officer, the company announced Monday.
Dahldorf will partner with Benvenue’s senior management team to help shape the long-term strategy of the company and ensure its capital needs are met, according to the announcement. Benvenue is a developer of minimally invasive solutions for spine repair.
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“I was looking for a great management team and a portfolio of medical technology that has strong growth potential, and I found it in Benvenue Medical,” Dahldorf said in the statement. “Benvenue’s products, Luna and Kiva, have entered a $3.2 billion U.S. market that’s historically had very little innovation.”
At Volcano, Dahldorf helped grow the medical device company from zero to $400 million in 11 years, and said he believes Benvenue has the potential for similar results.
Global sales for the treatment of vertebral compression fractures and degenerative disc disease is estimated at $9 billion.
Dahldorf previously was co-chief executive officer and chief financial officer at Digirad Corp. Before that he was finance director at Arrow Electronics.
Twitter: @SusanMorseHFN