Dialysis product manufacturer NxStage Medical Inc. has appointed Matthew W. Towse senior vice president and chief financial officer. Robert S. Brown, former senior vice president and chief financial officer, has been named president of NxStage Kidney Care Inc., the subsidiary responsible for NxStage's Centers of Excellence initiative. In addition, Kevin Hershberger, NxStage's controller and vice president of finance, has been appointed to the newly established post of vice president, chief accounting officer and controller.
"Matt is a seasoned financial executive with extensive experience aligning the financial and business strategies of high-growth companies," said Jeffrey H. Burbank, Founder and Chief Executive Officer of NxStage. "As our new CFO, Matt's leadership will be important as we execute against our strategic growth initiatives. This is a positive move that expands and strengthens our management team."
Towse has more than 25 years of experience in global financial management with public and private companies across multiple industries. He served as vice president and chief financial officer of Vette Corp., a venture-capital backed global design, engineering and manufacturing technology company from 2006 until its acquisition by a strategic buyer in 2012. From 2003 to 2005, he served as Senior Vice President and Chief Financial Officer of Fairchild Semiconductor International, Inc. Towse is a Certified Public Accountant and received a B.B.A. from the University of Notre Dame.
Kevin Hershberger has been serving as NxStage's Controller and Vice President of Finance since 2008. He has been responsible for the company's financial and internal control activities, including accounting, financial planning, reporting, budgeting and forecasting.