Harvard graduate joins IDS

Nov 20 2009 by Andrew Mernin, The Journal

MEDICAL testing kit maker IDS has appointed a Harvard Business School graduate to its ranks as its looks to continue its future growth.

The South Tyneside company has appointed Dr Burkhard as a non-executive director to provide “new and refreshing” input into the firm’s board.

Dr Wittek, 56, holds an MBA from Harvard Business School, and worked for Dresdner Bank AG before spending 13 years with The Boston Consulting Group where he was a senior partner with responsibility for the consumer goods, retail and healthcare.

In 1990 he founded FORUM Family Office for long-term investments in German private equity and European small and midcap situations.

IDS chairman David Evans said: “We are pleased to appoint Burkhard to the Board. Burkhard's knowledge and experience in the diagnostic sector will be a great asset for IDS as it continues to grow and he will no doubt provide a new input to the Board's discussions.

“Burkhard has recognised the growth potential of IDS, with Forum Venture Capital GmbH having become an investor in 2007 and owning nearly 25% of the company.”