Steffen Hovard

About Steffen Hovard

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 development. I excel at strategic planning and rallying organizations around goals and culture.I DEVELOP COMPANIES, in collaboration with the management team, by developing and executing business strategy, setting priorities and processes, and developing the organization to sustainably strengthen financial performance - with 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 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 & 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 French headquartered business unit. 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 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 potential buyers.As PRESIDENT, CEO & BOARD DIRECTOR FOR NEUSPERA MEDICAL I built the team that turned the corner for the business; completed the pivotal trial, finalized the product solution for commercialization, radically strengthened the reimbursement situation, completed timely PMA submission, and brought in a new strategic investor in Series D ($23M raise).An ACTIVE BOARD MEMBER & CHAIR serving on numerous Boards of Directors; for profit, non-profit and industry associations.

Experience

1. Bain External Advisor

   Bain & Company

   Jan 2021 — Present

   Serving as Advisor in Bain Advisory Network supporting projects with global clients.

Education

• Copenhagen Business School

  Bachelor of Science - BS, IT & Financial Management

• Stanford University Graduate School of Business

  Mergers & Acquisitions

• Stanford University Graduate School of Business

  Leading Change and Organizational Renewal

• London Business School

  Finance Seminar for Senior Managers

• IMD

  Orchestrating Winning Performance

• IMD

  Ebusiness Programme

• IMD

  Breakthrough Performance for Senior Executives

• Copenhagen Business School

  Master of Science - MS, Marketing & Strategic Planning

• Copenhagen Business School

  Bachelor of Science - BS, Business Administration and Management, General