John J. Wallace
Former Chief Operating Officer, Nova Biomedical Corporation
John Wallace is a results-oriented senior executive with over 30 years of global experience in management, operations, finance, international business and manufacturing. He has a diverse background and a proven track record of strong leadership.
Mr. Wallace was the Chief Operating Officer at Nova Biomedical Corporation, a world leader in the development, marketing and manufacture of proprietary blood diagnostic products, consumer healthcare diabetes products and medical devices for Fortune 500 and emerging companies. Nova is a pioneer in the development of biosensors for whole blood diagnostics to support the care of critically ill patients. With more than $175 million in revenue run rate and in excess of $35 million in operating profits, Nova was built by the strength and depth of its 750+ employees and sweat equity. Mr. Wallace led the management of strategic alliances and served on the Board of Directors, the Corporate Quality Committee and was the Chairman of the Operating Committee. Nova experienced consistent record revenue and earnings growth during his tenure.
Mr. Wallace has served on numerous Boards including on the Board of Directors and as Chairman of the Audit Committee of Zoll Medical Inc. (NASDAQ), a world leader in resuscitation and critical care devices. The Company experienced rapid market expansion and numerous product innovations during his involvement with Zoll. Mr. Wallace played an active role in the acquisition of Zoll by Japan’s Asahi Kasei Corporation in a $2.2 billion cash transaction where Zoll’s management and employees remained intact.
Earlier in his career, Mr. Wallace was a senior executive at Cortex Corporation as well as Numerix Corporation, and also held management positions with Analog Devices Inc., Data General Corporation and Federated Department Stores (Filene’s Division). Currently, Mr. Wallace holds Board positions with Triangle, Inc., Massachusetts Medical Device Industry Council (MassMedic), Discovering Justice/James D. St. Clair Federal Court Education Program, Neighborhood Association of the Back Bay and is a Senior Advisor to Tower Three Medical (an arm of Tower Three Partners – a Greenwich Connecticut-based private equity firm) in the role of Executive Vice President and Chief Operating Officer, where he provides guidance on evaluating potential acquisitions and financial/operational implementation and effectiveness.