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President and CEO of Ulthera, Inc. to Speak at Kent State’s Michael D. Solomon Speaker Series
By: Kent State University
Likens is an alumnus of Kent State’s College of Business Administration, graduating with a degree in Business Administration and a major in marketing. He began his professional career with Johnson & Johnson Corporation before Baxter International, spending more than 20 years in domestic and international sales, marketing and general management. Key positions included Vice President, Marketing for Baxter Biotech Europe based in Munich, Germany from 1993- 1995, President of Baxter Biotech North America from 1996-1998 and President of Baxter Renal U.S. upon his departure from the company in early 2001.
Likens entered the medical start-up world In 2001 and joined GMP Companies as President of GMP Wireless Medicine, Inc., representing one of 14 licensed technologies in the GMP portfolio.
In July of 2006, Likens relocated to Arizona to become President and CEO and the second employee of Ulthera, Inc., a venture capital-backed start-up company in energy-based aesthetics. Beginning with European regulatory clearance in late 2008, followed by FDA clearance in September of 2009, Ulthera realized a net revenue growth from $0.5M in ’08 to almost $118M in 2014 and has been profitable each year since 2011. After filing for an initial public offering in early 2014, Ulthera attracted interest from several larger companies and, in July of that year, was acquired by Merz Pharma GmbH for $600M, an amount representing 6.6x trailing 12 months revenue.
In 2012, the Phoenix Business Journal honored Likens by naming him one of Arizona’s Most Admired CEOs.
Likens believes that consistent operating principles and the establishment of a broader purpose for an organization are vitally important factors in motivating diverse groups of employees to become fully engaged in achieving a company’s objectives as well as one’s personal goals.
The title of Likens’ presentation is: “From Zero to $600M and Lessons Learned Along the Way.”
“When Michael Solomon established the Speaker Series, it was to expose Kent State students to entrepreneurs like Matt Likens,” said Dean Deborah F. Spake of the College of Business Administration. “The College is pleased to bring back to campus alumni business leaders such as Matt to share their experience with the business leaders of tomorrow.”
Kent State Alumnus Michael D. Solomon began his support of the Center for Entrepreneurship and Business Innovation at the College of Business Administration with the inception of the Speakers’ Series in 2005. His goal was to expose students, faculty and the community to successful entrepreneurs. Each semester, the series brings experienced entrepreneurs and educators to the College to share their insights and wisdom.
The Michael D. Solomon Speaker Series is hosted by The Center for Entrepreneurship and Business Innovation (CEBI). The four pillars of the CEBI are social entrepreneurship, global entrepreneurship and innovation, technology commercialization and franchising. The center is designed to help business students achieve their entrepreneurial goals and expand research to meet the growing demands for entrepreneurial knowledge and opportunities. CEBI also connects business students with serial entrepreneurs globally.
The event will take place Wednesday, April 22 at 7:30 p.m. at the Kent State University Hotel and Conference Center. The event is free and open to the public. The presentation will include a question and answer session followed by a reception. To register, visit https://cobamarketing.wufoo.com/
For more information, visit http://business.kent.edu/
Kent State University’s College of Business Administration is one of only 180 colleges or schools of business worldwide to achieve dual accreditation in both business and accounting from the Association to Advance Collegiate Schools of Business (AACSB) International, the global accrediting body providing specialized accreditation at the bachelor's, master's and doctoral levels. The College of Business Administration is home to 4,502 students, the second largest college of business in Ohio. The college boasts a satellite office of Kent State University’s Career Services Center dedicated to business students, and operates the Global Management Center, the Center for Information Systems and the Center for Entrepreneurship and Business Innovation all propelling scholarly research, establishing innovative industry partnerships and providing outreach to Northeast Ohio and beyond.
Michelle Parrish Manning