WCT Management Team

Paul J. Anderson, P.E.President & CEO
Mr. Anderson is a founder and Director and has served as President and CEO since our inception in 2004. From 1997 to 2003 he was Director of Engineering at Wavecrest Corporation where he led the development of advanced signal integrity analysis systems. Wavecrest was named fastest growing technology company in Minnesota in 1999. Mr. Anderson managed the Engineering group at Cargill’s Silent Knight Security from 1995 to 1997 during which time the IntelliKnight fire alarm control system platform and 9800 central station receiver platform were developed. As Vice President of Engineering at Cascade Medical from 1987 to 1995 he led the development of innovative blood glucose monitors. While at Cascade Medical he was heavily involved in design engineering, manufacturing, quality and purchasing. Mr. Anderson spent the first four years of his career at Honeywell where he worked as a Senior Development Engineer. He is an inventor on ten patents and four patent applications. Mr. Anderson has consulted as an expert witness in medical device patent litigation for Finnegan Henderson, one of the world’s largest intellectual property law firm. He is a registered professional engineer in the State of Minnesota. Mr. Anderson has a degree in Electrical Engineering from the University of Notre Dame.
Paul J. HoedemanActing CFO
Mr. Hoedeman has provided financial and accounting services to Wound Care Technologies since November 15, 2007. He was a corporate officer of Home Depot, CFO and CIO of AlliedSignal Aerospace before it acquired Honeywell, and corporate controller of NCR Corporation, a Fortune 100 company before it was acquired by AT&T. Mr. Hoedeman earned his CPA with national honors (the Elijah Watt Sells award), and began his career with Arthur Andersen. He received his B.A. in Accounting from the University of St. Thomas summa cum laude in 1976, and received his J.D. from William Mitchell College of Law and was admitted to the Minnesota bar in 1984.
Jack SlovickActing Vice President, Quality Assurance and Regulatory Affairs
Mr. Slovick is an independent contractor and has provided quality assurance and regulatory services since December 28th, 2007. He is President of Methodize Inc., a consulting firm specializing in regulatory, clinical and quality services. He has over 26 years of experience in the medical device industry. Mr. Slovick is an experienced senior Quality Assurance, Quality Control, and Regulatory Affairs professional with first-hand experience interacting with the FDA, European Union and Canada for product approvals and compliance issues. He has been a lead assessor and performance auditor in medical devices, biologics, and In-Vitro Diagnostic regulations and has assisted over 30 companies in getting the CE mark. Mr. Slovick has served as Director of Quality & Regulatory Affairs at NeuroVasx, Celleration and Possis Medical.
Stacey LedbetterDirector of Sales Eastern U.S.
Ms. Ledbetter joined Wound Care Technologies in August 2012 as the Southern Regional Manager and has since transitioned to the Director of Sales for the Eastern Division where her responsibilities include hiring, training and managing the WCT independent sales force. Ms Ledbetter brings over 15 years of experience of Sales, Clinical and Regional Device Management. Prior to Wound Care Technologies, Ms Ledbetter served as the Southeast Regional Manager for Ascension Orthopedics where she covered the Southeast US and South America. Prior to Ascension she worked for Incisive Surgical, building the Southeastern Sales force as the Southeast Regional Manager. She worked as the National Extremity Manager for Integra Health Sciences after the Merger of Kinetikos Medical Inc in 2006. She began working medical device field in 2004 with Kinetikos. Prior to her surgical career she spent 4 years with Boeringer Ingelheim Pharmaceuticals. Ms Ledbetter achieved her MBA in 2001 from University of Phoenix, holds a Bachelor of Arts From Rollins College.
Sonia Champlin Director of Sales Western U.S.
Ms. Champlin is responsible for driving sales in the Western US through strategically hiring, training and managing our independent sales force in the Western half of the country. Ms. Champlin offers 30 years of Clinical and Sales Management experience. She started her career as a Certified Surgical Technologist, Operating Room Materials Manager, studied Marketing and Business Management, and transitioned to the Medical Device industry in 1996. She has vast experience developing the Central and Western US markets, and the European and Mexico markets. During her career, she has worked for Innovasive Devices, Depuy/Mitek, CarboFix Orthopedics, and Ascension Orthopedics. Ms. Champlin joined Wound Care Technologies, Inc. in August 2013.

Board of Directors

George M. HoedemanChairman of the Board
Mr. Hoedeman is a founder and has been a Director since our inception in 2004. He is currently CEO of Access Genetics, an innovator in the field of molecular diagnostics. Mr. Hoedeman has broad experience with medical and automation products, and formerly was CEO of South Bay Medical (which he sold to Mentor Corporation), and was President of the Automation Technology Division of Mentor Corp and President and CEO of MicroVision Corp. He is the co-inventor of the Isoloader™ and IsoStrand™, used with radioisotopes in prostate cancer brachytherapy. He is an inventor on twenty-five awarded patents.. He is a Certified Public Accountant (formerly with KPMG), and is an attorney with eight years of experience in private practice. Mr. Hoedeman received his B.A. in accounting from the University of St. Thomas in 1977 and his J.D. from William Mitchell College of Law in 1984. George Hoedeman is the brother of Paul Hoedeman, our acting CFO.
Robert C. Wilke, M.D., F.A.C.S.Director and Chairman Scientific Advisory Board
Dr. Wilke is a founder and has been a director since our inception in 2004. He is a board certified Plastic Surgeon at Edina Plastic Surgery in Edina, Minnesota. Dr. Wilke is an Associate Professor at the University of Minnesota. He earned his undergraduate degree from Illinois Wesleyan University in 1986 and his medical degree from the University of Wisconsin in Madison in 1990. Over the next seven years he completed residencies in general surgery and plastic and reconstructive surgery at the University of Wisconsin Hospitals and Clinics. Dr. Wilke is a member of American College of Surgeons, American Society of Plastic Surgeons, American Society for Laser Medicine and Surgery, Hennepin County Medical Society, and Minnesota Medical Association.
Michael J. ReardonDirector
Mr. Reardon has been a director since April 2006. He has over 26 years of experience as an operating executive, leading growth plans and turnarounds. He is an independent consultant and private investor in a number of start-ups and private equity ventures. He is an active member of the Irish Angels, a network of angel investors with close ties to the University of Notre Dame. Previously, he served as President and COO of Culligan International, the leading company in the global consumer and commercial water business. Mr. Reardon was a co-founding senior executive and a member of the board of directors of US Filter, a NYSE company that grew during his tenure from a $17 million company to the Fortune 300 with over $5.5 billion in revenues. US Filter led the consolidation of the global water and wastewater industry by acquiring and integrating over 200 companies in nine years, before it was acquired by Vivendi in 1999. He began his business career with Arthur Andersen in Los Angeles. Mr. Reardon received his Business degree from California State Polytechnic University and is a graduate of the Kellogg Management Institute at Northwestern University. Mr. Reardon is the board representative of the holders of Series A Preferred Stock.
Robert E. DowdellDirector
Mr. Dowdell has been a director since April 2011. He was the Chairman and Chief Executive Officer of Marshall & Swift / Boeckh (MS/B). MS/B is a leading supplier of local building cost information, residential and commercial property valuation. Mr. Dowdell led a management/private equity purchase, of the business in early 2000, and the sale of the MS/B to a public company in 2004. Bob was also a founder, Board Member, Chairman and interim CEO of Career Education Corporation (NASDAQ: CECO) during the period from Jan 1994 to May 2007, again with private equity funding. At the time of his departure, Career Education was a $2 billion postsecondary educational institute, with 80+ campuses in the US, Canada, Europe and Europe, and the 2nd largest degree granting on-line institution (AIU Online). Prior to this, he was President of National Education Centers, which at the time was the largest chain of postsecondary educational institutions in the US. Mr. Dowdell also served as Corporate Controller and Treasurer at National Education Corp (NYSE) and Corporate Controller of Chamberlain Manufacturing Corp (AMEX) and worked at Price Waterhouse in Chicago as an Audit Manager. Mr. Dowdell currently is the Chairman of Roof Express and Rulester, and serves on the boards of TravelCLICK, 21st Services, LLP, PetroSkills LLC, BJ Partners LLP and as a strategic advisor for Genstar Capital Partners and Silver Oaks Partners. He also works regularly with Boston Ventures, and has a working relationship with Bain Capital, and Century Capital. Bob earned an M.B.A. and a B.B.A. from the University of Notre Dame, and is on the Advisory Board of Notre Dame’s Business School, as well as that of the Irish Angels.

Board observers

Thomas P. NiemiecPresident at Wilshire Venture Group, LLC
Mr. Niemiec has a career that spans over 40 years in investment banking, securities research and business advisory working with early stage and startup ventures. Founder of Wilshire Venture Group, LLC Tom works with early stage companies in preparing detailed financial forecasts, business plans, offering materials, enterprise valuations and investor term sheets as well as market studies and sales and marketing plans. Tom is a Chartered Financial Analyst and began his career as an equity research analyst and later concentrated on corporate finance activities such as initial public offerings, private placements, bridge financings, merger and acquisition advisory, and valuations and fairness opinions. He has extensive financing experience for early stage companies in industries such as medical devices, manufacturing, software, and electronics. He has worked as CFO or acting CFO in turning around several distressed companies. He has had experience meeting a payroll and understands the challenges that entrepreneurs face with their new ventures. Tom has extensive experience in creating long term financial forecasts, preparing business plans and private placement memorandums as well as preparing business valuations for a variety of engagements. Tom’s background includes Managing Director of Oak Ridge Financial Services Group, Inc., Managing Director of Craig-Hallum Capital Group LLC, Managing Director of Manchester Financial Group, LLC, Senior Vice President of Dougherty Summit Securities, Founder of Investment Directions, Inc., and Senior Vice President and Technology Research Analyst for Piper, Jaffray & Hopwood. Tom is a graduate of the University of St. Thomas, is a member of the CFA Institute and the CFA Society of Minnesota and he has authored a number of articles, spoken at conferences and testified as an expert witness.
Steve MercilCEO Rain Source Capital
Mr. Mercil is the CEO and founder of RAIN Source Capital, Inc. and its predecessor organization, Minnesota Investment Network Corporation. Under his leadership, these organizations have grown regional and national in scope and have been recognized for their expertise in leveraging the power of angel investors. He is a pioneer in bringing angel investment opportunities, which have historically been clustered on the coasts, to the central states and to often overlooked rural areas. He is also a principal in InvestAmerica NW, LLC, the General Partner of Invest Northwest LP-Fund. Invest Northwest is a mission-related venture fund capitalized by the Northwest Area Foundation and focused on middle market and later-stage companies located in Iowa, Minnesota, Montana, North Dakota, Oregon, South Dakota, Idaho and Washington. Mr Mercil is on the Board of Directors of the Angel Capital Association and National Association of Seed and Venture Funds. Mr. Mercil has a master’s degree in Statistics and Measurements and a bachelor’s degree in Biology from the University of North Dakota.
Brian P. Johnson, MBACEO, RAIN Source Capital
Mr. Brian P. Johnson was the Chief Operating Officer, Executive Vice President and Investment Manager at RAIN Source Capital. Mr. Johnson joined RAIN Source Capital in July 2004. Mr. Johnson has 20 years of successful venture capital investing experience concentrating on technology and healthcare companies. He has served as a General Partner or Principal at Pathfinder Venture Capital Funds, ArrowHead Capital Management, Capstone Ventures SBIC, and FBS Venture Capital Funds. He serves as a Director of MEDTOX Scientific Inc. Mr. Johnson has served on the Board of Directors of 17 high technology companies. He is an active member of the Minnesota Venture Capital Association and served as its President in 1992. Mr. Johnson is an M.B.A. graduate of the University of St. Thomas and a Bachelor of Science Business Administration graduate of the University of South Dakota.
Mr. Richard J. Braun, MBA, JD, CPACEO, MEDTOX Scientific
Mr. Braun was the Chief Executive Officer of MEDTOX Scientific Inc., from July 1996 until the sale of MEDTOX to LabCorp in June 2012 and its Chairman of the Board and President since October 26, 2000. From 1994 to joining Medtox, Mr. Braun acted as a private investor and provided management consulting services to the health care and technology industries. From 1989 to 1991, Mr. Braun served as Executive Vice President and Chief Operating Officer of Reich and Tang LP, a NYSE investment advisory and broker dealer firm. Mr. Braun served as Chief Operating Officer of Employee Benefit Plans Inc., from 1992 to 1994. Mr. Braun has been a Director of Medtox Scientific Inc. of MEDTOX Laboratories, Inc. since July 1996. He has been a Director of Corstar Holdings (alternate name is Enstar Inc.), since March 1996. Mr. Braun served on the Board of Directors of NSU from 1994 to 1996. Mr. Braun served as a Director of Employee Benefit Plans Inc., from 1992 to 1994. From 1989 to 1991, Mr. Braun served as Director of Reich and Tang LP. Mr. Braun holds a J.D. from the University of Iowa, College of Law, and a Master of Business Administration degree and Bachelor’s degree from the University of St. Thomas.