Directorate Change
February 17 2009 - 3:54AM
UK Regulatory
TIDMUTK
RNS Number : 4263N
UTEK Corporation
17 February 2009
UTEK Corporation ("UTEK" or the "Company") - Directorate Change
Doug Schaedler Appointed President of UTEK Corporation
Tampa, FL -- (Business Wire) - February 17, 2009 -- UTEK Corporation (NYSE
Alternext US & LSE-AIM: UTK), a leading innovation services company, announces
the appointment of Doug Schaedler as President of the Company.
Mr. Schaedler was appointed as the Company's Vice President on March 15, 2004
and on July 9, 2004 was appointed as the Company's Chief Operating Officer and
Chief Compliance Officer. Prior to joining UTEK, Mr. Schaedler served as a
Principal at Praxis Capital Ventures, LP, a private equity firm providing growth
capital to emerging companies. Previously, he was the Director of Corporate and
Strategic Development at Verticalnet, Inc., a provider of supply management
solutions to companies, and is a founder of BuyersUnite, an innovative
purchasing aggregation firm. Mr. Schaedler received a B.A. from Tufts University
and an M.B.A. from the University of Chicago, Graduate School of Business. He is
a Chartered Financial Analyst (CFA).
"I am pleased to announce Doug Schaedler as UTEK's new President," said Clifford
M. Gross, Ph.D., CEO and Chairman of the Board of Directors. "While serving as
our Chief Operating Officer and Chief Compliance Officer since 2004, Doug has
been instrumental in refining the Company's business strategy and expanding our
ability to service clients beyond our core-technology licensing capabilities."
In connection with the appointment, Mr. Schaedler will also join the Company's
Board of Directors.
About UTEK Corporation
UTEK is a leading innovation services company. UTEK's services enable clients
to become stronger innovators, rapidly source externally developed technologies,
create value from their intellectual property and gain foresight into
marketplace and technology developments that affect their business. UTEK is a
business development company. For more information about UTEK, please visit its
website at www.utekcorp.com.
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| Contacts: |
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| www.utekcorp.com |
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| Allen & Caron, Inc. - PR advisers |
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| Brian Kennedy |
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| brian@allencaron.com |
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| 212-691-8087 |
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| UK: |
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| Fairfax I.S. Plc - AIM Nominated adviser and Broker |
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| Jeremy Porter |
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| + 44 (0)20 7598 5368 |
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