Dane A. Miller Explained
Dane A. Miller (– February 10, 2015) was an American business executive.[1] Miller was co-founder of the orthopedic company Biomet and was its president and chief executive from 1978 to 2006.[2]
Miller was brought up in Springfield, Ohio,[3] and obtained a Bachelor of Science degree in Mechanical Materials Science Engineering in 1969 from the General Motors Institute (now Kettering University) from which he received the Distinguished Alumnus award in 2010.[4] He subsequently obtained a master's degree and a doctorate in Materials Science (Biomedical Engineering) from the University of Cincinnati. After working for rival companies Zimmer and Cutter Laboratories, Miller joined with Niles Noblitt, Jerry L. Ferguson and M. Ray Harroff, to found Biomet in 1977.[5] Miller's own grandmother, Grace Shumaker, was the first recipient of a Biomet hip implant.[6] To encourage public confidence in titanium as a material for implants, Miller arranged for a surgeon to introduce a piece into his own arm, which he left there for ten years to test its safety.[7]
In March 2006, Miller was removed from the company's board of directors, and his retirement was announced.[8] A few months later, he headed a private equity consortium that bought back the business for $11.4 billion and still owned it in 2014.[9] [10] Miller became a consultant to the new company in addition to resuming the role of a director.[11] The company later announced a merger with Zimmer Holdings.[12]
Further reading
- Patrick Kavanaugh - The Maverick CEO; Dane Miller and the Story of Biomet (privately printed, 2008)
Notes and References
- https://web.archive.org/web/20130921045425/http://www.forbes.com/profile/dane-miller/ Forbes Profile (2011)
- Robert Jordan, How They Did It: Billion Dollar Insights from the Heart of America (Redflash, 2010).
- http://www2.indystar.com/articles/1/161480-8551-105.html "Biomet's Miller breaks the mold", IndyStar, July 11, 2004
- http://www.kettering.edu/news/honoring-excellence-2 Kettering University: "Honoring excellence", September 2010
- http://www.biforces omet.com/corporate/biometHistory.cfm Biomet website
- http://www.journalgazette.net/news/local/State-pioneer-in-orthopedics-dies-4967980 "State pioneer in orthopedics dies", The Journal Gazette, February 12, 2015
- http://nyreport.com/node/82450 "5 Incredibly Ballsy Moves that Worked", NYER, December 12, 2011
- http://www.businesswire.com/news/home/20060327005624/en/Biomet-Announces-Retirement-President-Chief-Executive-Officer "Biomet Announces Retirement of President and Chief Executive Officer, Dane A. Miller, Ph.D.; Daniel P. Hann, 17-Year Company Veteran, Named Interim Successor", Business Wire, March 27, 2006
- http://www.healthpointcapital.com/research/2006/12/18/dane_miller_to_buy_biomet_for_109_billion_10_months_to_close/ "Dane Miller to buy Biomet for $10.9 billion: 10 Months to Close", Healthpoint Capital, December 18, 2006
- http://www.kelley.indiana.edu/JCEI/Entrepreneur%20Resources/Words%20of%20Wisdom/page33261.html Indiana University: Johnson Centre for Entrepreneurship and Innovation, "Dane A. Miller: The Biomet Story"
- https://archive.today/20141017135736/http://investing.businessweek.com/research/stocks/private/person.asp?personId=171122&privcapId=171116&previousCapId=23307&previousTitle=TPG Bloomberg Businessweek - Executive Profile Dane A. Miller Ph.D.
- https://www.wsj.com/articles/zimmer-submits-revised-plan-to-european-regulators-on-biomet-deal-1423576131 "Zimmer Submits Revised Plan to European Regulators on Biomet Deal", Wall Street Journal, 10 Feb 2015
