Kevin Smith to retire from leadership of Colorado Institute for Drug, Device and Diagnostic Development on Dec. 31

By: InnovatioNews Monday November 24, 2014 0 comments Tags: Aurora, CID4, Kevin Smith, Steve Orndorff

 


AURORA - Kevin M. Smith, president and CEO of the Colorado Institute for Drug, Device and Diagnostic Development (CID4) since 2010, will retire from his post on Dec. 31.

Steve Orndorff, chairman of the CID4 board and president and CEO of Micobiome Therapeutics, said the board has formed a search committee and that Smith will remain available through February 2015 to assist in a smooth transition for CID4's new executive director.

"With the ongoing changes in the health care and life science sectors, CID4 is revisiting how it can best support our industry," Orndorff said.

"CID4 is well positioned for its future and we believe the new executive director position will strengthen our alignment with the state of Colorado in our mutual quest to create new jobs and business opportunities within the dynamic life science sector of advanced industries."

CID4 said all inquiries should be directed to the CID4 Search Committee at [email protected]. Deadline to apply is Dec. 20.

Smith was part of the team that founded CID4 in 2009. He previously served as president of Gambro Inc., the U.S. holding company for Gambro AB, a Swedish-based medical device and health care services company.

CID4 logo"While I will no longer be leading CID4, I will stay active in the Colorado life science community through my board responsibilities at the Colorado BioScience Association, Donor Alliance and AlloSource, my service on the Centura Health Audit and Corporate Responsibility Committee and my investment activities at KMG Capital Partners LLC," Smith said.

"CID4's success is grounded in the excellent technologies that are being developed in Colorado. We have invested approximately $3 million into nine early-stage companies. Those firms have gone on to create 85 new jobs and raise an additional $30 million to support the commercialization of their patent-focused technologies.

"I am proud to have played a role in this process."
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