SAN JOSE, CA, Jan 30 (Marketwire) --
Align Technology, Inc. (NASDAQ: ALGN) today announced that Kenneth B.
Arola will step down as vice president, finance and chief financial
officer effective March 4, 2013 and will remain an employee of the
Company through June 28, 2013. Mr. Arola will remain in his capacity as
CFO through the completed audit of the Company's 2012 financial
statements and filing of the 2012 Form 10-K with the SEC. Mr. Arola has
served as Align's chief financial officer since 2007; prior to that, he
was vice president, finance and corporate controller at Align for two
years. The Company has initiated a search for a new chief financial
"I want to thank Ken for his contributions to the growth and success of
Align over the last several years. During his tenure we achieved record
sales and earnings, acquired and integrated Cadent Holdings, Inc., and
implemented numerous organizational and process changes across the
Company. As CFO, Ken and his team were instrumental in those initiatives.
As a member of Align's executive management team he has always
demonstrated dedication and professionalism, and we wish him continued
success in his future endeavors," said Thomas M. Prescott, Align
president and chief executive officer.
Roger E. George, Align's vice president, corporate and legal affairs and
general counsel, will serve as interim CFO -- and work with Mr. Arola to
ensure a smooth transition. Mr. George has served in his current role at
Align since 2002; prior to that, he was CFO and vice president of finance
and legal affairs for SkyStream Networks and a partner at Wilson Sonsini
Goodrich & Rosati. He has a bachelor's degree in commerce and a law
degree from University of Virginia and was formerly a Certified Public
Prescott continued, "Align continues to demonstrate solid financial
performance and maintains a strong foundation with experienced leadership
and teams in finance, accounting, audit, tax, and investor relations.
With substantial domain expertise in each of these functional areas and
Roger's proven leadership skills, we anticipate a seamless transition."
About Align Technology, Inc.
Align Technology designs, manufactures and
markets Invisalign, a proprietary method for treating malocclusion, or
the misalignment of teeth. Invisalign corrects malocclusion using a
series of clear, nearly invisible, removable appliances that gently move
teeth to a desired final position. Because it does not rely on the use of
metal or ceramic brackets and wires, Invisalign significantly reduces the
aesthetic and other limitations associated with braces. Invisalign is
appropriate for treating adults and teens. Align Technology was founded
in March 1997 and received FDA clearance to market Invisalign in 1998.
The Invisalign product family includes Invisalign, Invisalign Teen,
Invisalign Assist, Invisalign Express 10, Invisalign Express 5,
Invisalign Lite, and Vivera Retainers. To learn more about Invisalign or
to find an Invisalign trained doctor in your area, please visit
Cadent Holdings, Inc. is a subsidiary of Align Technology and is a
leading provider of 3D digital scanning solutions for orthodontics and
dentistry. The Cadent family of products includes the iTero and iOC
intra-oral scanning systems, OrthoCAD iCast and OrthoCAD iRecord. For
additional information, please visit www.cadentinc.com.
Investor Relations Contact
Align Technology, Inc.
Shannon Mangum Henderson
Ethos Communication, Inc.
Copyright 2013, Marketwire, All rights reserved.