Board of Directors
Kern Bhugra
Kern Bhugra is the cofounder of Tibion, and previously served as the chairman and CEO since Tibion’s inception in 2002 through 2009. Mr. Bhugra has more than 20 years of management experience in operations and technology development. Prior to Tibion, he spent six years as president of Executive Consulting, with responsibilities in business strategy, joint ventures, and technology consultation. Mr. Bhugra also served as general manager of Ario Network’s System Storage Business and as VP of System Solutions. Mr. Bhugra’s career began at IBM where he spent 11 years, with responsibilities ranging from medical imaging systems to senior management in global technology operations in the U.S., Europe, and Asia. He left IBM to join Maxtor as senior director, where he established and staffed the company’s embedded systems development site in Singapore. Mr. Bhugra has provided perspectives on the medical device industry as a panelist, moderator, and lecturer at numerous conferences. He received a BSEE with honors from the University of Michigan and a MSEE with emphasis in bioengineering from Stanford University.
Ted Driscoll, PhD, Venture Partner, Claremont Creek Ventures
Prior to his venture capital experience, Ted helped found five successful companies in imaging-related markets. He served as a Division President and CTO of Diasonics, with responsibility for its MRI, ultrasound, digital X-ray, lithotripsy and acoustic ablation technology areas. He directed the Diasonics technology team that developed the first commercial MRI scanners and numerous advances in MR imaging. He holds a PhD from Stanford University in Digital Imaging, Masters degrees from Harvard University in Computer Graphics and Remote Sensing and a Bachelor’s degree from the University of Pennsylvania. He holds more than 40 granted US and foreign patents in image-related fields, with approximately 30 additional pending applications. He is also an active angel investor in the Life Science Angels and a founding director of the Sand Hill Angels.
Thomas Fogarty, MD
Tom Fogarty, MD was called “the Mickey Mantle of medical device inventors” by Stanford University, in recognition of his prolific contributions to innovations in medicine. Over the past 40 years he has acquired more than 100 surgical patents, including his first, and most well-known, the Fogarty balloon catheter. In 2001, he was inducted into the National Inventors Hall of Fame, joining the ranks of Edison and the Wright brothers. Fogarty is also a renowned cardiovascular surgeon, a successful entrepreneur and, in his spare time, an award-winning vintner.
Randy D. Lindholm, Consultant
Randy Lindholm is a widely recognized consultant to medical device companies, and holds board positions on many of them. From June 1999 to April 2002, Mr. Lindholm was chairman, president and chief executive officer of VidaMed, Inc., a medical device company, and from August 1998 to June 1999, served as its executive vice president, sales and marketing. From 1993 to 1998, Mr. Lindholm held senior field operations positions at Nellcor Puritan Bennett, a global leader in the support of respiratory-impaired patients. Mr. Lindholm received a B.S. in electrical engineering from Michigan Tech University.
Frederic H. Moll, MD
Dr. Moll brings to the Tibion board more than 20 years of medical device and high technology experience. He is currently president and CEO of Hansen Medical, a Bay area company focused on medical robotics. Prior to Hansen, he founded Intuitive Surgical, another surgical robotics whose shares are traded on NASDAQ. He was also a co-founder of Origin Medsystems, Inc., which became an operating company within Guidant Corporation following its acquisition by Eli Lily in 1992. Dr. Moll holds a bachelor of arts in economics from the University of California at Berkeley, a masters of science in management from Stanford University, and a medical degree from the University of Washington. He serves on the boards of several Silicon Valley companies.
Mark D. Smith, MD, MBA – President & CEO, California HealthCare Foundation
Dr. Smith leads the California HealthCare Foundation, an independent philanthropy with assets of more than $900 million. A board-certified internist, Smith is a member of the clinical faculty at the University of California, San Francisco, and an attending physician at the Positive Health Program for AIDS care at San Francisco General Hospital. He is a member of the Institute of Medicine and serves on the board of the National Business Group on Health. Prior to joining the California HealthCare Foundation, Smith was executive vice president at the Henry J. Kaiser Family Foundation, and assistant professor of medicine and of health policy and management at Johns Hopkins University. He has served on the Performance Measurement Committee of the National Committee for Quality Assurance and the editorial board of the Annals of Internal Medicine. He is a graduate of Harvard College, and holds a medical doctorate from the University of North Carolina at Chapel Hill, and a master’s in business, with a concentration in health care administration, from the Wharton School at the University of Pennsylvania.
John Steuart, Managing Director, Claremont Creek Ventures.
John has spent the last 20 years managing, building and investing in technology and life science companies. John focuses on the intersection of the information technology and life sciences markets including bioinformatics, molecular diagnostics, genomics, proteomics, software and instrumentation for med-tech industries. In addition to serving on multiple boards of directors, he is an Industry Fellow at the Center for Entrepreneurship and Technology at the College of Engineering, and a member of the Advisory Council to the Lester Center’s Berkeley Entrepreneurs’ Forum at UC Berkeley. Prior to Claremont Creek, he lead investments in more than a dozen successful start-ups, and served as the senior executive and board member of various firms such as Tanox, Software Ventures, Lipomatrix and Megan Health.


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