Tuesday, November 13, 2018
Business

SynDaver Labs names Terence Terenzi CFO ahead of initial public offering expected in 2020

TAMPA — Terence Terenzi is bringing his experience in high-growth Tampa companies to a new job as chief financial officer at SynDaver Labs, a Tampa company whose synthetic human and animal bodies for medical and veterinary training have been featured on ABC’s Shark Tank.

SynDaver expects that Terenzi’s experience with publicly traded companies, including the initial public offering process and U.S. Securities and Exchange Commission matters associated with Eckerd Drugs, Danka Business Systems and Checkers Drive-In restaurants, will help SynDaver as it prepares for its own IPO, which is expected in 2020.

"A great addition to our team" with "a wide skill set," SynDaver founder Dr. Christopher Sakezles said Tuesday in an announcement of Terenzi’s hire.

SynDaver — as in synthetic cadaver — currently has more than 100 employees in the United States. Its products simulate living beings, with tissues made from water, salts and fibers, and are covered by 14 patents. They are mainly used for training in schools, hospitals and military installations.

VIDEO: Tampa’s SynDaver Labs introduces ‘synthetic dogs’ for veterinarian training

SynDaver’s artificial bodies also have appeared on television programs such as Mythbusters, Grey’s Anatomy and Shipping Wars, and in 2015 company founder Sakezles made a pitch on the ABC hit show Shark Tank.

"We’re seeing increasing worldwide acceptance of our products and are in the process of setting up operations in the United Kingdom, China, Brazil and India," Sakezles said. "Terence will be an invaluable asset throughout this process and as we continue to experience record growth."

Prior to joining SynDaver, Terenzi, 52, was for 17 years the co-owner, president and CFO at both the Coterie Restaurants Group and True Double TWO LLC, a Tampa-area property development company. At those companies, he handled the planning, financial analysis, property acquisition, design and operation of eight restaurant locations.

From 2000 to 2009 Terenzi also served as CFO and co-owner of TWT Construction, which worked with Outback Steakhouse, Bonefish Grill, Starbucks and Tijuana Flats, among others. Before that, he was president and CFO at Hops Grill and Microbrewery, growing its sales from $18 million to $175 million in five years. His first job after receiving his bachelor’s degree in accounting from the University of Florida was as an audit manager with KMPG Peat Marwick in Tampa.

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Contact >Richard Danielson> at [email protected] or (813) 226-3403. Follow @Danielson_Times

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