Angeion Restructures Board; Names New
Sheffert Returns as Chairman; Munzenrider Adds Financial Depth
September 01, 2010 04:03 PM Eastern Daylight Time
ST. PAUL, Minn.--(EON: Enhanced Online News)--Angeion Corporation (NASDAQ: ANGN) today announced
that it has restructured its Board of Directors and named two new directors as part of the August 18, 2010,
agreement between Angeion and BlueLine Partners, LLC.
Mark W. Sheffert, Chairman and Chief Executive Officer of Manchester Companies, Inc., has been appointed to
the board and elected to serve as its new chairman. Sheffert served as a chairman and a director of Medical
Graphics Corporation from January 1997 to December 1999, when Medical Graphics Corporation was acquired
by Angeion. He then served as a director of Angeion until late 2002.
Sheffert was recognized as one of Minnesota’s Outstanding Directors in 1999 and received the Outstanding Director
– Lifetime Achievement Award in 2009 from the National Association of Corporate Directors and Twin Cities
Business magazine for his service on over 40 Boards. He is a former President of First Bank System, Inc. (now U.S.
Bank), and current head of Manchester, an investment banking and business advisory firm.
In addition, Robert Munzenrider has been elected as a director of the Company and will serve as chair of the
board’s Audit Committee. Through a career that spans four decades, Munzenrider has served in a range of
executive and financial leadership positions, including Vice President and Chief Financial Officer of St. Jude Medical,
Inc., an international medical device manufacturer.
Munzenrider, also a former president of a subsidiary of Apogee Enterprises, has been a director of medical and
healthcare companies including ATS Medical, Inc., Criticare Systems, Inc., and CABG Medical, Inc. He has held
his CPA license since 1971.
The Company also announced that pursuant to the agreement with BlueLine, current directors, Scott A. Shuda, John
Baudhuin, Philip I. Smith and Rodney