Board of Directors

Stephen WoodyChief Executive Officer and a Director
Stephen Woody has served as our Chief Executive Officer and as a member of our board of directors since September 2013. Since 1997, Mr. Woody has assisted more than 30 companies with regulatory support and strategic planning necessary for their launch of new or modified medical devices. He has completed a degree in mathematics in 1985 at UNCA prior to starting his career in the medical device field with Medical Action Industries, Inc (Medical Action). While employed by Medical Action, the company grew from $3 million to $75 million during his 13 year career in Quality and Business Development. Using his expertise in medical device development and management, Mr. Woody launched Integrated Quality Systems in 1997, an organization focused on launching new medical devices into the health care sector. In 2004, he founded G3 Medical, which focuses on manufacturing, packaging, and sterilization services along with quality system management. In 2006, Mr. Woody formed Avadim LLC which was later acquired by the Company.
David FannPresident and a Director
David Fann began working for Avadim in October 2012 and has been responsible for capital raises and new product development. He became our President in July 2014 and a Director in September 2014. Prior to joining Avadim, Mr. Fann co-founded Solar Energy Initiatives, Inc. and served as its Chief Executive Officer from February 2009 to February 19, 2013. Mr. Fann co-founded FNDS3000 Corp. and served as its President from March 14, 2007 to February 1, 2009 and also served as its Vice President from October 23, 2006 to March 14, 2007. He served as the President of Global Axcess Corp. from January 2002 to September 30, 2006 and also served as its Secretary until December 2002. At Global Axcess Corp., Mr. Fann was responsible for equity and debt financings totaling over $17 million and was also responsible for investor relations. He served as the President and Secretary of Netholdings.com Inc. Mr. Fann also served as Director for many of the organizations with whom he worked. He served as a Director of FNDS3000 Corp. from October 23, 2006 to September 29, 2010, and Solar Park Initiatives, Inc. until December 2010. He served as a Director of Global Axcess Corp. from January 2002 to September 30, 2006, Critical Digital Data, Inc. since July 2010, Envortus, Inc. until July 2007 and FNDS3000 Corp. from January 24, 2006 to March 31, 2006.
Paul CoxVice-President, Secretary and a Director
Paul Cox has served as our Secretary and a Director since August 2013 and as our Vice-President since September 2013. Mr Cox is an officer and Chairman for Proxima Diamonds Corp, Landwell Energy Corp and several other exploration, technology and development companies. Mr. Cox was the President, CEO and CFO of Wind River Energy Corp. from October 2007 to August 2010, and was a director and Chairman from October 2007 to May 2015.. He has also been the President, CEO and a director of Adent Capital Corp. since 2012. He was previously President, CEO and director of Delta Gold Corporation (formerly ADR Capital Corp.) from April 2011 to February, 2013. He was a founder of several companies in the technology, life sciences, energy, and renewable industries. He has been the founder, CEO and director of Pilotage Capital Corp., since January 2007. Mr. Cox holds a Bachelors Degree in International Relations and Economics from the University of British Columbia.
Louis BuckDirector
Louis E. Buck, Jr. has been an Avadim board member since September 2014 and is Audit Committee Chair. Dr. Buck has more than 25 years of business experience in the areas of finance, accounting, risk management and information systems and recently retired as the Interim Dean, College of Business at Western Carolina University from 2010 through 2012 and as the Wesley Elingburg Distinguished Professor of Business Innovation at Western Carolina University from 2007 to 2012. Previously, Dr. Buck served as the Chief Financial Officer for the competitive businesses of Consolidated Edison, Inc. (NYSE:ED). He has also served as the senior director of the Business Solutions practice for Walker Interactive Systems, Inc., the Chief Accounting Officer for Entergy Corporation, Chief Financial Officer for the North Carolina Electric Membership Corporation and in various management capacities at TXU Corporation. Dr. Buck has served as a director of Entegra Financial Corp. and as a director of Macon Bank, Inc., Entegra Financial’s wholly-owned, North Carolina-chartered savings bank subsidiary, since 2012; he currently serves on Entegra Financial’s audit committee (as Chairman), governance committee, compensation committee and executive committee. Dr. Buck holds a Ph.D. in Finance from Texas A&M University, an MBA in Business and Industrial Management from the University of Houston – Clear Lake, and a B.S. degree from the United States Naval Academy.
Paul CovielloDirector
Paul Coviello has served as a Director of Avadim since August 2013. Mr. Coviello is the Managing Partner of Linden Phull Growth Partners, LP. and has been managing Venture Capital and Financial Services funds for over 20 years. He started his wealth management career in 1981 and founded Linden Asset Management in 1992. He served there as CEO until early in 2013 and now devotes his time to the management of Linden Phull Growth Partners, LP and Linden Growth Partners, LP. During his career, Mr. Coviello organized Linden Phull Growth Partners LP, Linden Growth Partners LP, Linden Global Partners Ltd and Linden Community Bancshares, LP. In 2001, he participated in the organization of the newly created Landmark Bank (LDKB) where he served on the Board of Directors for 10 years. Paul also served on the Board of Directors of National Holdings (NHLD) for three years. He is a graduate of Wilkes University with a Bachelor of Arts Degree in economics. He attended the graduate economics program at the State University of New York and completed the Harvard Business School’s private equity and venture capital program.
Karan RaiDirector
Karan Rai is the President of ADS Tactical, Inc, a leading provider of value-added logistics and supply chain solutions specializing in tactical and operational equipment, serving all branches of the Armed Forces. ADS offers complete equipment solutions including operational and tactical equipment, kitting and assembly services, warehousing, and logistical service solutions.

Mr. Rai joined ADS in 2012 serving as CFO & EVP and was promoted to President in March 2015. In his current role Mr. Rai has executive responsibility for all strategic planning and finance decisions, including corporate development and M&A.

Prior to joining ADS, Mr. Rai was a senior Vice President in JPMorgan’s investment banking practice where he spent seven years covering various industries and products. Mr. Rai earned a MBA with distinction in Finance and Strategy from Yale University’s School of Management.

Mr. Rai currently holds a seat on the board of 757 Angels Group – an angel investing group focused on providing capital and mentorship to start-ups in the Hampton Roads area. In addition he also serves on the board of bCause Technologies – a Bitcoin options exchange company focused on developing options and swaps markets for crypto currencies such as bitcoin.

Charles OwenDirector
Charles Owen has served as a Director of Avadim since August 2013. Mr. Owen, a native of Asheville, North Carolina, received his BS in Business Administration from the University of North Carolina at Chapel Hill in 1982 and a BS in Textile Materials and Management from North Carolina State University in 1984. From 1985 until it was acquired in 2003 by Springs Industries, Mr. Owen was President of Charles D. Owen Manufacturing Co., Inc. He served as President of the Blanket Division, Springs Global, Inc. (BOVESPA: SPGS3) until September 2006. He is currently the President of Fletcher Development Group and Sirocco Properties, Inc. Mr. Owen has served in a leadership role for numerous community organizations. Since 1990, he has been associated with Mission Health and Hospitals, serving as Board Chair from 2000 – 2002. He has been a member of the University of North Carolina Health System Board of Directors since 2006. In 1994 he was Co-Chair of the Finance Committee of the North Carolina Health Planning Commission. He has also served on the UNC Board of Visitors. North Carolina Citizens for Business and Industry, NC State Textile School Foundation, North Carolina Outward Bound and the North Carolina Nature Conservancy.]