LAWRENCE , Mass. —NxStage Medical Inc said May 16 that Chief Financial Officer David N. Gill plans to step down July 31 to spend more time with his family.
NxStage, which manufactures the SystemOne home dialysis machine, said it is actively looking for a replacement. Gill has agreed to stay on as CFO if there is not a replacement by the end of July. The company said it expects Gill to be elected to serve on the board of directors to fill a spot that will be open after the May 30 annual stockholder’s meeting.
"Since joining in July 2005, [Gill] helped navigate the company through our successful initial public offering and recently secured a line of credit of $20 million from Silicon Valley Bank,” said Jeff Burbank, NxStage president and chief executive officer. “We are looking forward to having David as a board member and his continued guidance on financial and other matters.”
