First Flight Venture Center, startup home to over $5B in market cap companies, today added Mr. Frank Plastina, former CEO of Tekelec, to their Board of Directors.
“This is an exciting time to join the Board at First Flight. There is an energy in this place and you can see and feel the collaboration, teamwork and people dedicated to starting and growing high impact companies. I look forward to sharing my experiences to help further the mission of this valuable piece of the Research Triangle Park start-up community”, indicates Plastina.
Mr. Plastina has been the CEO of 2 NASDAQ companies and is now the Founder and President of Arc & Company providing advisory services to “C” level executives in the areas of strategic planning, business model restructuring M&A, and organizational design.
At Tekelec, Mr. Plastina led the company’s efforts to grow outside of its traditional US based business. Under his leadership, the company secured business in all four of the BRIC (Brazil, Russia, India, China) countries as well as over 40 additional countries. These efforts led to Tekelec being named one of the Top 200 Small Businesses by Forbes in both 2008 and 2009 and Public Company of the Year by NCTA in 2009. Mr. Plastina has complimented this operating experience with roles at Warburg Pincus, a leading New York based private equity firm, and the Toronto office of PWC.
Mr. Plastina is serving or has served on 3 public company Boards, 5 private company Boards and 7 Boards in the not for profit sector.
“We are very happy Frank Plastina has agreed to serve as a board member for First Flight at this crucial time,” indicates Andrew Schwab, President. “Frank brings a long history of startup success and support and is a perfect addition given the impactful direction FFVC has decided to take at this time, “ said Schwab.
ABOUT FIRST FLIGHT:
Founded in 1992, First Flight Venture Center (www.ffvcnc.org) was created to foster innovation and grow sustainable companies. Today, FFVC is one of the nation’s largest and most stable incubators, playing host to more than 37 high-science, high-impact companies annually. In total, FFVC company startups number 267 and growing. Several of the most notable graduates include United Therapeutics (NASDAQ: UTHR), SciQuest (NASDAQ: SQI), Athenix (acquired Bayer NASDAQ BAYRY, Advanced Liquid Logic (acquired Illumina NASDAQ: ILMN), Bloodhound Technologies (acquired by Verisk VRSK), Ganymede Software (acquired NETIQ IPO), and ExamDesign (acquired Pearson PLC NASDAQ PSO).