Steffen HovardFounder

United States - Minneapolis, Minnesota

A transformative Global Senior Executive in Medical Devices with full business scope experience leading all functional areas in stand-alone structures. I lead organizations to achieve what few thought possible.

I CREATE LONG-TERM FINANCIAL VALUE under complex circumstances through financial discipline, turnarounds, revenue growth, market expansion, pipeline management, and organizational integration and development. I excel at strategic planning and rallying organizations around goals and culture.

I develop companies, in cooperation with the management team, by developing and executing business strategy, setting priorities and processes, and developing the organization to sustainably strengthen financial performance. I have proven operational and executive leadership successes in both US and Europe.

MY LEADERSHIP APPROACH is based on directness, respect, and openness. As a solid decision maker and collaborator, I build consensus organization-wide and with key stakeholders.

AS PRESIDENT AND SVP OF COLOPLAST, INTERVENTIONAL UROLOGY I led a stand-alone division (US HQ) of a publicly traded company with full financial accountability (rev. ~$300M) and leadership across all functions and ~900 employees. The product portfolio included a wide range of Class I, II & III Medical Devices. Previously I held executive roles in France and Denmark for Coloplast.

CAREER HIGHLIGHTS
• Grew business value to $1B+ within 10 years
• Successfully turned around international business unit headquartered in France. Delivered ~8% annual organic revenue growth (2-3X market growth) and EBIT-% from double-digit negative to positive high single-digit.
• Successfully turned around US-based business unit to deliver ~9% annual organic revenue growth (2-3X market growth) and EBIT-% from single-digit negative to positive double-digit.
• Integrated two global business units into one US headquartered entity operating in 19 countries. Delivered 8-10% annual organic revenue growth (2-3X market growth) and accelerated EBIT-% to outperform industry benchmark.
• Key executive representative interacting with investment banks and presenting to potential buyers.

AN ACTIVE BOARD MEMBER & CHAIR, participation in numerous Board of Directors; for profit, non-profit and industry associations.

FUN FACTS
• Born in Denmark, I am fluent in English, Danish and basic working level in French and German.
• I am passionate about achieving long term sustainable business performance.
• I led the business to growth and continued development through and involvement in the largest mass tort in US history