Press

Stephen G Sudovar, Chairman and CEO of SGS Associates, to serve
as President and Chief Executive Officer of ZAR Medical LLC.

Montclair, New Jersey, January 4, 2011 Stephen Sudovar has been appointed President and CEO of ZAR Medical LLC by the company's Chairman of the Board Zacharia Ali. ZAR Medical is a privately held Company founded in 2010 by Zach Ali, a highly experienced financier and business executive. Mr. Sudovar is the first CEO of the recently formed company.

The primary objective of ZAR Medical is to become a leading provider of innovative healthcare products with the potential to substantially alter patient outcomes in disease states and conditions where there is a significant unmet global need. ZAR Medical acquires, or establishes alliances with, innovative companies with products or services that are either in the early stages of market entry or nearing market launch. These companies must have, as a critical characteristic, the potential to take on leadership positions in the respective areas of concentration.

ZAR Medical actively pursues companies that bring first class, cutting edge science and cost effective technology to bear on the health field. The company has access to substantial capital, and significant expertise in marketing, sales, distribution, public relations, reimbursement, public policy and general management of healthcare related innovation. The management team to be headed by Mr. Sudovar is a well experienced, highly successful team with a proven track record in entrepreneurial ventures. The ZAR Medical team has substantial experience with both large and small healthcare companies as well as newly formed venture startup operations.

"Steve will bring to ZAR Medical the necessary general management, business development, marketing and substantive health care knowledge to make our company a leader in the global marketplace. I am delighted that he has agreed to take on the position of President and CEO for our company" said Zach Ali, the company's founder and Chairman.

Mr. Sudovar is a seasoned veteran in healthcare company management. Mr. Sudovar's career spans over 35 years of accomplishments in driving business growth in the health care products and services industry. He held senior management positions at Hoffmann-La Roche from 1988 to 1999, including President of its Roche Laboratories Division. During his tenure at Roche, he more than tripled U.S. revenues, consistently increased divisional profit contribution, substantially increased the company's U.S. market share, and prepared the organization for the successful launch of many large products. He was also instrumental in the acquisition and integration of Syntex and Boehringer Mannheim by the Roche organization.

As a member of the Roche Board of Directors and Executive Committee and the Chairman of the Business Operating Committee, he was also responsible for the company's business development function and related therapeutic area planning for drug discovery and portfolio management. During his tenure with Roche, he gained significant global experience as an expatriate in Europe.
Mr. Sudovar also headed two successful start-up companies, Pracon Incorporated and Elusys Therapeutics Inc. for which he served as President and CEO. He has also served as Chairman of the Board of Aastrom Biosciences Inc. and Ambrillia Biopahrma Inc. as well as having been a member of the Board of Directors of several other public and privately held innovative health care companies. He currently serves as a member of the Board of Trustees of the Kessler Foundation in West Orange, New Jersey and is an Adjunct Professor of Management at Montclair State University.

 

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Experience

Executive Overview

Thirty years of extraordinary accomplishments in driving business growth in the healthcare products and services industry.

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Capabilities

  • Board of Directors
  • General Management
  • Strategic Planning
  • Business Development
  • Mergers and Acquisitions
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