Management
James F. Martin, Director
President and CEO American Biosurgical

Mr. Martin was appointed as President and CEO of the Company in early 2013.  Over the last 18 months, Mr. Martin has successfully transitioned this manufacturer into a dynamic international player that has grown its market share while consistently improving profitability.  Through a revamped balance sheet, Mr. Martin has positioned the Company for growth – both organically and through acquisition – in the US and abroad.

Mr. Martin is also the founder of ACM Capital Partners. Over the previous six years, the firm has been engaged in 120 assignments ranging from Fortune 100 to small commercial banks with locations in the Americas, Europe and Asia.  Over this period, Martin has created and restored more than $1 billion in value to private companies. In addition, Martin has raised a half billion dollars in capital and bought and sold companies in excess of $250 million.

Prior to his launch of ACM, Mr. Martin successfully reorganized, restructured and grew operationally and financially challenged companies during some of the most difficult times in our economic history. Mr. Martin’s record includes:

• In 2008, Martin stepped into a $100M tier two automotive supplier which had been hard hit by the Great Recession.  During the next year, Martin restructured the balance sheet, consolidated its plants on three continents while restoring cash flow.

• In the mid to late 2000s, Martin served as President and CFO at Avborne, Inc., a Miami based aviation maintenance, repair and overhaul (MRO) facility. The company had $98 million of debt in default following the 9/11 attacks and subsequent economic downturn. Over a six-year period, Martin led two divisions back from the brink of bankruptcy to sustained profitability, successfully returning $138 million of gross proceeds to the company’s owners and in the process adding 350 new jobs to the local economy.

• As Chief Financial Officer for a $260 million security and safe integrator in the Midwest, he tackled a corporate-wide Y2K-software failure at the turn of the century and helped to reorganize the financially-stressed company which was ultimately sold through a Chapter 11 pre-packaged sale.

• In the mid-nineties, Martin served as President and Chief Financial Officer for a master U.S. fast food franchisee in Eastern Europe. During that time, he successfully resuscitated two franchises and tripled the units (and sales) in Eastern Europe, which he later sold to a competitor. In the process, Martin raised $50 million in the region, which was reinvested locally over a seven-year period.

In addition to his success in corporate renewal, Martin’s track record includes strategic alignment, organizational reform, debt financing and other capital raises. Martin is also well versed in the world of bankruptcy, successfully guiding companies through Chapter 11 filings and their eventual sale. He has also served as the court appointed receiver for operating companies as well as the assignee for state Assignment for the Benefit of Creditors (ABCs).

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Michael A. Degnan
Chief Financial Officer

Mr. Degnan has served as the Company’s Chief Financial Officer since 2013.   In that capacity he is responsible for all aspects of financial management, accounting and administration.

Mr. Degnan previously served as CFO for EnerTech Environmental, Inc., a waste-to-energy start-up that converted biosolid waste into a renewable fuel.  During his long tenure with EnerTech, the company completed a project to build its first commercial scale plant in an all debt financing utilizing tax-exempt bonds under a project finance structure.  He also managed several equity offerings bringing $47 million of capital into the company.   Mr. Degnan was responsible for developing the finance function which involved hiring professional staff, implementing systems and developing the framework for financial reporting.  When EnerTech’s plant experienced significant commissioning problems, he played a central role in negotiating a turnaround plan with the company’s creditors and closely managing cash throughout that period.

Prior to EnerTech, Mr. Degnan was Director of Finance and Accounting at SouthStar Energy Services, LLC, a $1 billion natural gas marketing company.  He performed as the principal financial officer for this joint venture entity formed by three public companies.  During his tenure on the management team at SouthStar, earnings grew from $15 million to $100 million over a five year period.  He managed the company’s significant cash needs; obtaining necessary working capital through bank lines and vendor trade credit.  Mr. Degnan implemented the provisions of Sarbanes-Oxley and played a significant role in the development of a natural gas hedging program aimed at protecting asset value, controlling cost, mitigating price risk and capturing upside market opportunities.  Prior to his departure, he participated in the strategic planning that led to the company’s expansion into new geographic markets.

Mr. Degnan brings over twenty five years of financial and strategic experience managing all aspects of corporate finance for organizations undergoing significant change.  He is a hands-on executive possessing the ability to manage complex functions while also being able to operate at a detailed level.

Mr. Degnan attended Villanova University and graduated with a Bachelor of Science degree in Accounting.    He has served on the Board of the Alpharetta YMCA since 2005.  Mr. Degnan is married with three children and resides in the Atlanta area.

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Bob Rothfritz
Vice President of Operations

Mr. Rothfritz joined the company in October, 2010 and oversees all supply chain and quality activities for the company including product sourcing, logistics, warehousing, fulfillment, quality, regulatory and customer service activities. Mr. Rothfritz has over 35 years of experience in the medical device manufacturing industry. Prior to joining ABI, Mr. Rothfritz was Vice President of Operations for NovaMin Technology, Inc. in Gainesville; FL. Mr. Rothfritz has also held senior operations management positions at Bausch & Lomb, Ethicon Endosurgery and SpectRx, Inc. He holds a Bachelor of Mechanical Engineering from Georgia Institute of Technology.

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Henry Cassidy
Director of Sales and Marketing

Mr. Cassidy joined American Biosurgical in Jan 2014 and serves as the Director of Sales and Marketing.  Mr. Cassidy is a senior level executive experienced in all aspects of sales, marketing and business development, with extreme focus on customer satisfaction and a well-developed instinct for what works as well as a keen ability to build ongoing strong relationships with clients. He brings 23 years of experience in global cable manufacturing for diverse companies in the Medical, Marine, consumer, automotive, fire and safety and communication industries.  Prior to American Biosurgical Mr. Cassidy played a key role in the growth of Eastern Micro Devices where he was responsible for new business development, revenue growth, profitability, asset management, budgets, strategic planning, execution and customer relationships. He established and maintained new accounts for major as well as start up companies, implemented and administered business plans for each customer including account objectives, strategies and related action plans.  Traveled extensively including international sites to key customer and locations in pursuit of strategic business plan initiatives and sales opportunities.

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