Colorescience appointed Steve P. Loomis as chief financial officer, further expanding the brand's executive team. In his first year at SkinMedica, Loomis was named "San Diego's 2011 Private Company CFO of the Year" by The San Diego Business Journal, after leading initiatives that resulted in operating cash flow generation for the first time in the company's history, reducing debt by a third, and returning more than a quarter of invested capital to investors. He was a key member of the strategic deal team responsible for the acquisition of SkinMedica by Allergan in December 2012, along with recently appointed Colorescience Chief Business Officer Ted Ebel.
Prior to joining SkinMedica, Loomis was CFO and vice president of operations at CardioDynamics International Corporation, a publicly traded international medical device company, for fourteen years. While at CardioDynamics International Corporation, he developed key business systems and processes to support revenue growth to more than $45 million and led several public financings for the Company, including the strategic acquisition of Medis and Vermed, and then the eventual company sale to SonoSite in August 2009.
Previously, he was the director of financial reporting at Kinko's World Headquarters, a worldwide business service provider. Prior to that, he was vice president, CFO and treasurer of Terminal Data Corporation, a publicly traded international high technology manufacturing company.