Velentium Undergoes Key Executive Leadership TransitionsVelentium Undergoes Key Executive Leadership Transitions

Velentium, a medical contract design and manufacturing organization that specializes in active implantable medical devices, reported two key appointments: Matt Hanks, formerly COO, has been named the company’s CEO; and Dan Purvis, Velentium’s Co-Founder and former CEO, will transition to the role of Board Chair.

Matt Hanks joined Velentium this year as COO, bringing more than 30 years of operations expertise in strategic growth and operational efficiency to the firm. He began his career at Form Technologies, advancing through roles in supply chain, operations, and IT before being appointed to senior leadership positions at Paragon Medical, United Technologies, and General Electric.

“I’ve seen firsthand the rapid innovation and growth that Velentium has achieved, and I am honored to lead our team through an exciting new chapter,” said Hanks. “Velentium is committed to changing lives for a better world, and with our expertise in neuromodulation, active implantables, test systems, and cybersecurity, we are uniquely positioned to benefit clinicians and patients globally.”

Dan Purvis, who co-founded Velentium in 2012, will continue to guide the company's strategic direction in his new role as Board Chair. Under his leadership, Velentium has established itself as a trusted partner in the medical device industry.

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“In 12 years, Velentium has grown from an idea to a vibrant, dynamic company based on values that continue to drive our work in improving patient outcomes and enhancing global healthcare delivery,” said Purvis. “I’m proud of what this team has accomplished, and I have the utmost confidence that Matt’s leadership, experience, and dedication to operational excellence position Velentium for continued success.”

In 2021, Velentium announced a growth recapitalization in partnership with leading healthcare investment firm Great Point Partners to scale operations and fuel global expansion. Velentium is set to host and sponsor a webinar titled 7 Pitfalls to Avoid When Using a Contract Manufacturer to Build Your Medical Device on Wednesday at 2 p.m. ET.