BNET Industries

Last Fiscal Year Sales:$2.1B
  • Public
  • US
Dow Jones Description

With a bold entrepreneurial spirit and strong belief in the future of orthopedics, Dane A. Miller, Ph.D., Niles L. Noblitt, Jerry L. Ferguson and M. Ray Harroff came together to found Biomet, Inc. on November 30, 1977. The Company was created with a commitment to providing innovative solutions for musculoskeletal disorders. Led by Dr. Miller, a biomaterials engineer, and Noblitt, a biological engineer, Biomet's vision was shaped by a desire to be highly responsive to the changing needs of orthopedic surgeons and confidence that the company could set a new standard for quality and long-term clinical durability. These fundamentals continue to define the business philosophy of Biomet to this day. By effectively executing its vision, Biomet has emerged as a worldwide leader in orthopedics, with an unmatched reputation for innovation, responsiveness, and clinical success.

Chief Executive Officer
Dane A Miller
Number of Employees 4,254
Contact Information

56 E Bell Dr

Warsaw, Indiana 46582

biomet.com

(574) 267-6639

NAICS Code Surgical Appliance and Supplies Manufacturing: 339113

Recent Events

  • Biomet Inc. BMET Buys VC-backed Cartilix, Inc.

    11/10/09 - Merger / Acquisition - View Story

  • Biomet acquires Cartilix

    10/23/09 - Merger / Acquisition - View Story

  • SpineAlign brings in Gary Grenter as CEO

    10/19/09 - Merger / Acquisition - View Story

  • Biomet loss $22 million for quarter

    10/10/09 - Financial Announcement - View Story

  • Surgical supplier expanding

    9/02/09 - Joint Venture / Alliance - View Story

  • Biomet upbeat despite 09 loss

    7/15/09 - Financial Announcement - View Story

  • Biomet reports fourth-quarter and full-year sales increase

    6/26/09 - Financial Announcement - View Story

News & Analysis

biomet inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Dane A Miller Chief Executive Officer
Jeffrey R. Binder President and Chief Executive Officer, Director
Jon Serbousek President
Daniel P. Florin Senior Vice President & Cfo
Garry L. England Chief Operating Officerdomestic Operations
Gregory D. Hartman Chief Financial Officer
Jacqueline K. Huber Corporate Vice President & Chief Compliance Officer
Richard J. Borror Chief Information Officer
Bill Kolter Senior Vice President, Biomet Orthopedics Commercial Operations
Bradley J. Tandy Senior Vice President,General Counsel
Darlene K. Whaley Senior Vice President, Human Resources
Glen A. Kashuba Senior Vice President & President of
Greg W. Sasso Senior Vice President, Biomet and President, Biomet Sbu Operations
Peggy Taylor Senior Vice Presidenthuman Resources
Robert Durgin Senior Vice President, Quality, Regulatory and Clinical Affairs
Roger P. van Broeck Senior Vice President, Biomet, Inc. President of Biomet Europe, Middle East and Africa
Steven F. Schiess Senior Vice President
Daniel E. Williamson Corp Vice President, Global Biologics & Biomaterials Dev
J. Pat Richardson Corporate Vice President Finance
James W. Haller Vice President, Finance
Lance Perry Corp Vice President, Global Product Dev & Reconstructive Devices
Wilbur C. Boren Corp Vice President, Contract Sales Admin
David McVeigh Executive Director, the Blackstone Group
Barbara A. Goslee Manager, Corp Communications
Rudy Huber County Manager
Dr Paul E Schwartz Consultant
Maggie Anderson
Michael Dal Bello Principal, Private Equity Group, the Blackstone Group
Paul Spencer Sales Consultant
Richard A Conn Consultant
Thomas F. Kearns L. Gene Tanner
Daniel P. Hann Director

Board of Directors

Name (plus bio) Position
Kenneth V. Miller Chair
Adrian M. Jones Board of Directors
C Scott Harrison Board of Directors
Charles Niemier Board of Directors
Chinh E. Chu Board of Directors
Dal Bello Board of Directors
Gregory L Summe Board of Directors
Jerry L. Ferguson Co-Chairman, Vice Chairman
Jerry L. Miller Board of Directors
John Saer Board of Directors
Jonathan J. Coslet Board of Directors
L. Gene Tanner Board of Directors
M. Ray Harroff Board of Directors
Michael W. Michelson Board of Directors
Sandra A. Lamb Board of Directors
Sean Fernandes Board of Directors
Todd Sisitsky Board of Directors

Organization Position Status
Biomet, Inc. Chief Executive Officer Current
Indiana Department of Commerce Founder Current
Biomet, Inc. Founder Current
Indiana Economic Development Corporation Board of Directors Current
Foretravel Inc. Board of Directors Current
Source Inc. Board of Directors Current
Indiana Department of Commerce Board of Directors Current
Biomet, Inc. Director Current
The World Craniofacial Foundation Board of Directors Current

Organization Position Status
Biomet, Inc. President and Chief Executive Officer, Director Current
Interpore Cross International, Inc. President and Chief Executive Officer, Director Current
Biomet, Inc. Board of Directors Current
Spinal Concepts, Inc. Chief Executive Officer Former
Spinal Concepts, Inc. President Former
Abbott Spine President Former

Jon C. Serbousek has been the President of Biomet Orthopedics, LLC since March 2008. For the past eight years, Mr. Serbousek held diverse general management roles with Medtronic in the areas of Spinal Reconstruction, International, New Technology Development and most recently, worldwide Vice-President and General Manager, Biologics.

Organization Position Status
Biomet Orthopedics, LLC President Current
Biomet, Inc. President Current
Inmotion: Memphis President, Biomet Current
Biomet, Inc. Senior Vice President, Biomet, Inc. President Current
DePuy Orthopaedics Vice President of Marketing and Product Development Former
University of Utah Master of Science Degree In Bioengineering Former
Washington State University Bachelor of Science Degree In Engineering Former

Organization Position Status
Biomet, Inc. Senior Vice President & Cfo Current

Organization Position Status
Biomet, Inc. Chief Operating Officerdomestic Operations Current
Biomet, Inc. Senior Vice President, Warsaw Operations. Former
Biomet, Inc. Executive Officer Former

Organization Position Status
Biomet, Inc. Chief Financial Officer Current
Biomet, Inc. Treasurer Current
Biomet, Inc. Senior Vice President, Finance Former
Biomet, Inc. Executive Officer Former

Organization Position Status
Biomet, Inc. Corporate Vice President & Chief Compliance Officer Current
Biomet, Inc. Corporate Compliance Officer Former

Organization Position Status
Biomet, Inc. Chief Information Officer Current
Biomet, Inc. Corp Vice President of Manufacturing Current
Biomet Manufacturing Corp. Vice President, Manufacturing Former
Biomet, Inc. Executive Officer Former

Organization Position Status
Biomet, Inc. Senior Vice President, Biomet Orthopedics Commercial Operations Current
Biomet, Inc. President, Biomet Former
Biomet, Inc. Executive Officer Former

Organization Position Status
Interpore Cross International, Inc. Senior Vice President, General Counsel and Secretary Current
Biomet, Inc. Senior Vice President,General Counsel Current
Biomet, Inc. Secretary Current
Biomet, Inc. Vice President Former
Biomet, Inc. General Counsel Former

Organization Position Status
Biomet, Inc. Senior Vice President, Human Resources Current
Biomet, Inc. Human Resources Executive Current

Organization Position Status
Biomet, Inc. Senior Vice President & President of Current
Interpore Cross International, Inc. Current
Johnson & Johnson Former

Organization Position Status
Biomet, Inc. Senior Vice President, Biomet and President, Biomet Sbu Operations Current
Biomet, Inc. Executive Officer Former

Organization Position Status
Biomet, Inc. Senior Vice Presidenthuman Resources Current

Organization Position Status
Biomet, Inc. Senior Vice President, Quality, Regulatory and Clinical Affairs Current
Biomet, Inc. Corp Vice President, Global Regulatory Affairs Former

Organization Position Status
Biomet, Inc. Senior Vice President, Biomet, Inc. President of Biomet Europe, Middle East and Africa Current
Biomet, Inc. Vice President and President Current
Biomet, Inc. Chief Executive Officer Former
Biomet, Inc. President, International Operations Former
Biomet, Inc. Executive Officer Former

Organization Position Status
Biomet, Inc. Senior Vice President Current
Biomet, Inc. Executive Officer Former

Organization Position Status
Biomet, Inc. Corp Vice President, Global Biologics & Biomaterials Dev Current

Organization Position Status
Biomet, Inc. Corporate Vice President Finance Current

Organization Position Status
Biomet, Inc. Vice President, Finance Current
Biomet, Inc. Controller Current
Biomet, Inc. Executive Officer Former

Organization Position Status
Biomet, Inc. Corp Vice President, Global Product Dev & Reconstructive Devices Current

Organization Position Status
Biomet, Inc. Corp Vice President, Contract Sales Admin Current

Organization Position Status
Biomet, Inc. Executive Director, the Blackstone Group Current
Blackstone Corporation Executive Director Current
Interpore Cross International, Inc. Board of Directors Current
Michaels Stores, Inc. Board of Directors Current
Biomet, Inc. Board of Directors Current
Aaron Brothers, Inc. Board of Directors Current
McKinsey & Company, Inc. Former
Columbia University M.B.A. Former
Stanford University M.S. In Chemical Engineering Former
Lafayette College B.S. In Chemical Engineering Former

Organization Position Status
Biomet, Inc. Manager, Corp Communications Current

Rudy Huber has over 25 years of business experience in the health care industry in Canada with a focus on the dental market. Mr. Hubert has a Bachelor of Commerce from Concordia University in Montreal and has held various sales and marketing positions for international companies including Johnson and Johnson. He also became an entrepreneur and co-owner of a successful Canadian distribution for a leading manufacturer of dental implant components and related components, 3i Implant Innovations Inc. Mr. Huber since 1999 is the Country Manager for 3i Implant Innovations Canada, which is a subsidiary of 3i Implant Innovations Inc. a Biomet company (Nasdaq:BMET). Mr. Huber as County Manager for 3i Canada is responsible for both the strategic and operational activities of the company. He has served on boards of medical device companies including Cryocath (CYT.TO), a medical device company that develops and commercializes proprietary catheter cryotherapy products, principally for the treatment of cardiovascular disease.

Organization Position Status
Biomet, Inc. County Manager Current
BioSyntech, Inc. Director Current
Concordia University Bachelor of Commerce Former

Organization Position Status
Smith & Nephew, Inc. Consultant Current
Biomet, Inc. Consultant Current
Simpson College Physician Current
Shasta Orthopaedics & Sports Medicine Current
Apogee Outpatient Surgery Center Current
California Medical Association, Inc Board of Directors Current
California Orthopaedic Association Board of Directors Current
California Medical Association, Inc Member Current
California Orthopaedic Association Member Current
Mayo Clinic Former
Mayo Medical School Former

Maggie Anderson has been Senior Vice President; President of Biomet 3i, LLC since August 6, 2009. Prior to that she was a Director at TPG Capital from 2006 to 2009 and a Director at AlixPartners from 2001 to 2006. Ms. Anderson started her career as an engineer at General Motors Powertrain Division, and took roles of increasing responsibility there in operations and new product development from 1988 to 1998.

Organization Position Status
Biomet, Inc. Current

Organization Position Status
Biomet, Inc. Principal, Private Equity Group, the Blackstone Group Current
Biomet, Inc. Board of Directors Current

Organization Position Status
Brookwood Pharmaceuticals, Inc. Vice President, Brookwood Pharmaceuticals and General Manager, Lakeshore Biomaterials Current
Biomet, Inc. Sales Consultant Current
Brookwood Pharmaceuticals, Inc. Director Current
Lakeshore Biomaterials Vice President Former
Lakeshore Biomaterials General Manager Former
Alkermes, Inc. Former
Indiana University Bachelor's Degree In Quantitative Business Analysis Former

Organization Position Status
Biomet, Inc. Consultant Current
Southern Bone and Joint Specialists Current
University of Mississippi Medical Center Degree Former
Mississippi State University Former

Organization Position Status
Biomet, Inc. L. Gene Tanner Current
Biomet, Inc. Board of Directors Former

Kenneth V. Miller is a partner of Havirco, a Kalamazoo, MI based investment management firm started in 1983. He is also a director and Chairman of Keystone Community Bank of Kalamazoo. Miller also serves as a director and member of the Executive Committee, and Chairman of the Audit Committee of Biomet, Inc., (OTC-BMET), Warsaw, IN, a manufacturer and marketer of orthopedic and surgical products. He was a director and co-founder of AvTech Laboratories, Inc., Kalamazoo, a pharmaceutical products testing laboratory and is a director co-founder of TEAM Industries, Inc., Grand Rapids, MI/Winchester, VA, a manufacturer of expanded polystyrene used primarily in commercial and residential construction. Previously, Miller served as President/CEO of Radio Associates Group, owner/operator of radio broadcast properties in Michigan, California and Nevada. Miller is also majority owner of the Millennium Restaurant Group, LLC and partner of Mixed Grill Restaurant Group, Inc. which own and operate several restaurant properties in southwest Michigan, including The Black Swan, Epic Bistro, The Union, and Fieldstone Grill, all of Kalamazoo/Portage, and The Idler and Fish Tales, of South Haven and Martell' Tavern on the Green, of Coldwater. Miller currently serves as a Trustee of the Western Michigan University; He recently retired as a Trustee and Chairman of the Kalamazoo Valley Community College Foundation and remains Trustee of the Havirmill Foundation. He is a Past-President and Board member of the Kalamazoo Symphony Orchestra; Past Chairman of the WMU Haworth College of Business Advisory Board; former member of the Board of Governors of the Kalamazoo Country Club. He currently is on the Downtown Development Authority Board of Directors and serves as Chair of Downtown Tomorrow, Inc. Board of Directors for the City of Kalamazoo. He earned his Bachelor of Business Administration and Masters of Business Administration from Western Michigan University and a Juris Doctorate from Thomas M. Cooley Law School (Lansing, MI).

Organization Position Status
TEAM Industries Co-Founder Current
Millennium Restaurant Group Partner of Havirco Current
Western Michigan University Trustee Current
Biomet, Inc. Chair Current
Millennium Restaurant Group Owner Former
Biomet, Inc. Director and Member Former
Kalamazoo Country Club Board of Directors Former
Western Michigan University Business Administration and Masters of Business Administration Former
Kalamazoo Valley Community College Former

Organization Position Status
Goldman, Sachs & Co. Managing Director Current
Autism Speaks Managing Director, Goldman Sachs Current
Autocam Corporation Director Current
The Parent Company, Inc. Director Current
HealthMarkets, Inc. Board of Directors Current
Autism Speaks Board of Directors Current
Retail Design Diva Board of Directors Current
Education Management Corporation Director Current
Biomet, Inc. Board of Directors Current
Bank of Boston NA Former
Burger King Holdings, Inc. Board of Directors Former
Harvard Business School M.B.A Former
University College Dublin Masters of Administration Former
Harvard University MBA Former
University College B.A. Former

Organization Position Status
Cure International Chief Executive Officer Current
Cure International Chairman Current
Biomet, Inc. Board of Directors Current
Cure International Co-Founder Former
Cure International Orthopedic Surgeon Former
Biomet, Inc. Chair Former

Mr. Niemier is Senior Vice President of Biomet, Inc. and President of EBI, L.P., Biomet Spine and Biomet Trauma. From December 2005 to July 2006 he was Chief Operating Officer International Operations. Prior thereto, he was Senior Vice President International Operations of Biomet. Mr. Niemier is a trustee of Valparaiso University, a member of the Board of Directors of Lakeland Financial Corporation (Lake City Bank) and a member of the Board of Directors of Kosciusko 21st Century Foundation, Inc. (non-profit organization).

Organization Position Status
EBI, L.P. President Current
Biomet, Inc. Board of Directors Current
Lakeland Financial Corporation Board of Directors Current
Valparaiso University Board of Directors Current
Valparaiso University Trustee Current
Biomet, Inc. President Former
Biomet, Inc. Coo, International Former
Biomet, Inc. Senior Vice President Former
Biomet, Inc. Executive Officer Former

Organization Position Status
Blackstone Group Senior Managing Director Current
The Blackstone Group L.P. Senior Managing Director Current
Alliant Resources Group, Inc. Senior Managing Director In the Corporate Private Equity Group Current
Nutri-Nova Current
Graham Packaging Holdings Company Board of Directors Current
HealthMarkets, Inc. Director Current
Financial Guaranty Insurance Company Director Current
Graham Packaging Company, L.P. Director Current
Assent LLC Board of Directors Current
Bayview Director Current
Nalco Holding Company Board of Directors Current
Celanese Corporation Board of Directors Current
Nalco Co. Director Current
Wall Street Concepts, Inc. Board of Directors Current
Catalent Pharma Solutions, Inc. Board of Directors Current
Stiefel Laboratories, Inc. Director Current
Haynes International, Inc. Board of Directors Current
Metalworking Fluids Board of Directors Current
Celvol Board of Directors Current
Biomet, Inc. Board of Directors Current
SunGard Board of Directors Current
Alliant Corporation Director Current
Alliant Resources Group, Inc. Board of Directors Current
Reable Therapeutics, Inc. Board of Directors Current
Celanese Corporation Member Current
Metalworking Fluids Member Current
Graham Packaging Holdings Company President, Treasurer & Assistant Secretary Former
Private Equity Group, LLC senior managing director Former
Salomon Brothers Mergers & Acquisitions Department Former
Blackstone Corporation Former
Financial Guaranty Insurance Company Chairman Former
Celanese Corporation Chairman Former
Haynes International, Inc. Investor Former
SIRIUS Satellite Radio Inc. Investor Former
Graham Packaging Company, L.P. Investor Former
Nalco Co. Investor Former
Nycomed, Inc. Investor Former
SunGard Investor Former
Celanese Corporation Investor Former
Financial Guaranty Insurance Company Investor Former
State University of New York at Buffalo BS In Finance Former

Mr. Dal Bello is a Managing Director in the Private Equity Group of The Blackstone Group and has been with Blackstone since 2002. Mr. Dal Bello serves on the board of directors of Alliant, Apria Healthcare Group, Catalent Pharma Solutions, Inc., Sithe Global Power, LLC, Team Finance LLC and Vanguard Health Systems, Inc.

Organization Position Status
Blackstone Corporation Current
Catalent Pharma Solutions, Inc. Board of Directors Current
Apria Healthcare Group Inc. Board of Directors Current
Biomet, Inc. Board of Directors Current
Alliant Corporation Board of Directors Current
Vanguard Health Systems, Inc. Board of Directors Current

Organization Position Status
Biomet, Inc. Director Current
Biomet, Inc. CEO Former
Biomet, Inc. Interim President Former
Biomet, Inc. Executive Vice President, Administration Former
Biomet, Inc. Executive Officer Former

Gregory L. Summe has been a director since April 2008. Mr. Summe is a consultant to Goldman, Sachs & Co. From 1999 until 2008, Mr. Summe had been Chief Executive Officer and Chairman of the Board of PerkinElmer, Inc. and from 1998 to 1999, he was the President and Chief Operating Officer of PerkinElmer, Inc. Mr. Summe serves on the boards of directors of the State Street Corporation and Automatic Data Processing Inc.

Organization Position Status
Goldman, Sachs & Co. Consultant Current
Biomet, Inc. Board of Directors Current
Interpore Cross International, Inc. Board of Directors Current

Organization Position Status
Biomet, Inc. Co-Chairman, Vice Chairman Current
Biomet, Inc. Director Former

Organization Position Status
Biomet, Inc. Board of Directors Current

Organization Position Status
Biomet, Inc. Board of Directors Current

Organization Position Status
Texas Pacific Group, LLC Senior Partner Current
The Neiman Marcus Group, Inc. Board of Directors Current
PETCO Animal Supplies, Inc. Board of Directors Current
Quintiles Transnational Corp. Board of Directors Current
Biomet, Inc. Board of Directors Current
Interpore Cross International, Inc. Board of Directors Current
Harrah's Entertainment, Inc. Board of Directors Current
J. Crew Group, Inc. Board of Directors Current

Organization Position Status
NatCity Investments, Inc Vice Chairman Current
Biomet, Inc. Board of Directors Current

Organization Position Status
Biomet, Inc. Board of Directors Current

Organization Position Status
Kohlberg Kravis Roberts & Co. Partner Current
Alliance Imaging, Inc. Committee Member Current
Jazz Pharmaceuticals Inc. Member, Kohlberg Kravis Roberts & Co. Current
Orphan Medical Inc. Current
Owens-Illinois, Inc. Director Current
Amphenol Corporation Director Current
AutoZone, Inc. Director Current
Kindercare Learning Centers, Inc. Director Current
HCA Inc. Board of Directors Current
Jazz Pharmaceuticals Inc. Director Current
Accellent, Inc. Board of Directors Current
Biomet, Inc. Board of Directors Current
Interpore Cross International, Inc. Board of Directors Current
Latham & Watkins Former
Harvard Law School J.D., Cum Laude Former
Harvard College A.B., Cum Laude Former

Sandra A. Lamb, President and CEO of Lamb Advisors, has over 35 years of Wall Street, corporate and nonprofit experience addressing financially complex and critical strategic issues. Prior to establishing Lamb Advisors, Sandy's corporate experience included 20 years at the investment bank, Lazard Freres & Co. LLC, where, as a managing director, she held executive responsibility working with clients on all aspects of buying and selling businesses and other financial advisory assignments. Prior to joining Lazard in 1983, Sandy spent 16 years as a portfolio manager with The MONY Group. Sandy's nonprofit experience includes serving as President of the New York Women's Foundation. As president, she provided critical leadership in responsible financial management, strategic planning, development and governance initiatives for a diverse, hands-on Board of 36 members and a committee structure of over 130 volunteers. Through the Foundation's grantmaking process, Sandy gained expertise in grassroots organizations and philanthropy. Sandy has also served on several nonprofit and for-profit Boards, including The Fortress Group, Inc., Center Trust, Inc., the Pittsburgh Theological Seminary, the Fifth Avenue Presbyterian Church, the Nonprofit Coordinating Committee of New York, and the Taproot Foundation. She is a member of the Board of Directors of Biomet, Inc., a publicly traded company (Nasdaq: BMET) that designs, manufactures and markets musculoskeletal products. She served as Chair of the $36 million Crossroads Capital Campaign for the Fifth Avenue Presbyterian Church. She is currently Chair of the Audit Committee for the Nonprofit Coordinating Committee of New York and Vice Chair of the Taproot Foundation. As a businesswoman and as a nonprofit executive, Sandy understands the increasingly complex environment in which the nonprofit community operates and how to address this environment with strategic solutions. Sandy has an MBA in Finance from New York University Graduate School of Business where she was a member of the Business School Scholastic honor society, Beta Gamma Sigma. She graduated with a BA in Political Science from Duke University and was elected to Phi Beta Kappa.

Organization Position Status
Lamb Advisors The Company's Founder Current
Taproot Foundation Board of Directors Current
Biomet, Inc. Board of Directors Current
Lamb Advisors Board of Directors Current
Lamb Advisors Chief Executive Officer Former
Lamb Advisors President Former
The MONY Group Inc. Portfolio Manager Former

Mr. Fernandes joined Goldman, Sachs & Co. in the Financial Institution Group, as an Associate in 2000 and he became a Vice President in 2003. He joined the Principal Investment Area in 2007. Mr. Fernandes serves on the board of directors of Signature Hospital LLC. The business address of Mr. Fernandes is 85 Broad Street, New York, New York 10004.

Organization Position Status
Goldman, Sachs & Co. Associate Current
Biomet, Inc. Board of Directors Current

Mr. Sisitsky has been a Partner of TPG Capital, L.P. since 2007. From 2003 until 2007, he was an Investor at TPG Capital, L.P. From 2001 until 2003, he was an Investor/Associate at Forstmann Little & Co. Mr. Sisitsky serves on the board of directors of IASIS Healthcare Corp., Fenwal, Inc., and Surgical Care Affiliates, LLC. The business address of Mr. Sisitsky is 345 California Street, San Francisco, California 94101.

Organization Position Status
Fenwal, Inc. Board of Directors Current
Biomet, Inc. Board of Directors Current
Interpore Cross International, Inc. Board of Directors Current
Forstmann Little & Co. Associate Former

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