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Trimedyne Picks New President : Management: Formerly a consultant, Peter T. Hyde also becomes a director, chief operating officer.

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TIMES STAFF WRITER

Trimedyne, a surgical laser manufacturer, said Thursday that it has chosen a company consultant to be its new president, filling the spot vacated when Howard Cooper left the company more than a year ago to found his own medical devices firm.

Peter T. Hyde, 47, will assume the day-to-day duties of president effective immediately, Trimedyne spokeswoman Kathy Price said.

Hyde also was appointed a director and the company’s new chief operating officer, a position left empty since former Chief Operating Officer Art Bertolero was demoted to vice president of marketing a year ago, Price said.

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Chairman and Chief Executive Marvin P. Loeb had taken on the additional duties of president after Cooper left to found Cardiac Science Inc., an Irvine company that is working on a portable device to correct irregular heartbeats.

Hyde came to Trimedyne five months ago as a consultant, Price said. Before that, he was vice president of sales and marketing for Alcon Surgical Inc., a subsidiary of Swiss food giant Nestle SA.

Hyde has also handled marketing duties with the Extracorporeal Medical Specialties Division of Johnson & Johnson.

Trimedyne, based in Irvine, employs 84 people and had revenue of $11.4 million for its latest fiscal year. In Thursday’s trading on the NASDAQ market, its stock closed at $8.125 a share, down 50 cents.

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