PALO ALTO, Calif.--(BW HealthWire)--Feb. 12, 2001--Varian Medical Systems (NYSE:VAR) today announced the election by its board of directors of Kate M. Smith as treasurer for the company. Smith, 35, is responsible for managing domestic and international cash management, foreign exchange and derivatives, corporate finance, credit, receivables, stock administration and travel for the company.
"Kate Smith has proven to be an effective financial manager for this business, executing effective hedging strategies and contributing to our ongoing growth in profits through successful cost control initiatives," said Elisha W. Finney, chief financial officer for Varian Medical Systems. "We are confident that she will be a major contributor to our financial operations and business strategies in this important new role."
Smith comes to this position with a background of Assistant Treasurer of Varian Medical Systems, Inc. Previous to that she was the finance manager, and stock administration manager for the company, where she managed a staff responsible for domestic and international banking, foreign exchange, corporate finance, and stock administration activities. In 1989, Smith joined the company as a staff member in corporate accounting and external reporting. She was subsequently promoted to Treasury and has held several management positions.
She holds a BA degree in finance, real estate and law, from Long Beach State University. Smith also earned an MBA degree from the University of Hayward in California.
Varian Medical Systems, Inc., (NYSE:VAR) of Palo Alto, California is the world's leading manufacturer of integrated cancer therapy systems, which are treating thousands of patients per day. The company is also a premier supplier of X-ray tubes and flat-panel digital subsystems for imaging in medical, scientific, and industrial applications. Varian Medical Systems employs approximately 2,400 people who are located at manufacturing sites in North America and Europe and in its 40 sales and support offices around the world. In its most recent fiscal year ended September 29, 2000, Varian Medical Systems reported sales of $690 million. Additional information is available on the company's investor relations web site at www.varian.com.
CONTACT: Varian Medical Systems, Palo Alto
Spencer Sias, 650/424-5782