Healthcare >> CEO Interviews >> September 14, 2001

Dane Miller – Biomet Inc (bmet)

DANE A. MILLER is President and Chief Executive Officer of Biomet, Inc. Dr. Miller received a BS in Mechanical Materials Science Engineering from General Motors Institute in 1969. Following, he received an MS and a PhD in Materials Science Biomedical Engineering from the University of Cincinnati in 1971 and 1974, respectively. Dr. Miller began his career in Orthopedics as Director of Biomedical Engineering at Zimmer USA, a division of Bristol-Myers Squibb, in Warsaw, Indiana. His responsibilities included engineering, prototype design and fabrication, and basic research support for all new product development programs. He served in this capacity from 1972 to 1975. From 1975 to 1978, Dr. Miller served as Director of Biomedical Engineering for Cutter Biomedical, a division of Cutter Laboratories, Inc., in San Diego, California. His responsibilities included organizing and staffing a complete product development group. Finally, in 1978, Dr. Miller returned to Warsaw and, along with three other local individuals with orthopedic manufacturing experience, formed Biomet, Inc. Their goal was to become the most responsive company in orthopedics while simultaneously providing patients with the highest quality and most clinically proven products in the marketplace. Dr. Miller has served as President and CEO of the company since 1978. Today, with Dr. Miller at the helm, Biomet has grown from a fledgling company with sales of $17,000 in its first year into one of the leading musculoskeletal companies in the world, with annual sales of $1.6 billion. Profile
TWST: Could we start with a brief overview of the history and evolution

of Biomet?

Dr. Miller: Biomet was founded officially in November 1977. We really

didn't begin any operations until