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MEMPHIS, Tenn.–(BUSINESS WIRE)–Active Implants Corporation (AIC), a pioneer in pliable orthopaedic implant technology, today announced that J. Michael Keenan has joined the executive management team as its Chief Financial Officer and Vice President, Administration. Mr. Keenan will be responsible for finance and accounting and provide leadership for legal, information technology and operational structure to support the company priorities.

Mr. Keenan has 20 years experience in finance management with his most recent experience as Chief Financial Officer and Partner with Wisteria Capital Management, a private equity investment company. While at Wisteria, Mr. Keenan was the senior finance executive of several portfolio companies with significant crossover responsibilities into complex operations supporting accelerated growth. Mr. Keenan began his career with Arthur Andersen, left to form a CPA firm, and later merged the CPA firm with a business valuation and transactions advisory firm before joining Wisteria Capital. His education and credentials include a Bachelor’s in Business Administration from the University of Memphis, Chartered Financial Analyst (CFA), Certified Public Accountant (CPA) and he received the Accredited in Business Valuation (ABV) credential by the American Institute of Certified Public Accountants.

“Michael has a proven track record for working closely with management teams to build and grow companies from the development stage through early commercialization and into the growth stages. His breadth and depth of skills and experiences will be a terrific addition to our talented global executive team,” stated Michael R. Mainelli, President & CEO of Active Implants. “We are pleased to welcome him and are excited about the contributions he’ll be making toward achieving our goals and objectives.”

About Active Implants Corporation

Active Implants Corporation is a privately-held company formed in 2004 and since developed its first product, completed three rounds of financing and initiated commercialization in Europe. Active Implants is currently advancing the development and adoption of its TriboFit® Hip System, a next generation bearing surface made from medical grade polycarbonate urethane with potential benefits of improved wear and improved range of motion without the disadvantages often associated with current implant bearing systems. The company is headquartered in Memphis, Tenn. with research facilities in Netanya, Israel.