Ex-IBM Healthcare Exec Joins VC Firm

Oct 5 2006 | 2:37pm ET

Former IBM executive Caroline Kovac has joined Burrill & Company as a managing director. The San Francisco-based merchant bank and venture capital firm is a life-sciences specialist; Kovac—a chemistry Ph.D.—was responsible for the strategic direction of IBM’s global healthcare and life sciences division.

“Carol’s expertise and experience in growing IBM’s life sciences business into a multi-billion dollar enterprise is a tremendous addition to our life-sciences team,” CEO G. Steven Burrill said.

Kovac will develop and execute strategies in personal medicine, information technology in healthcare, stem-cell research, medical devices and diagnostics, and bio-nanotechnology.

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