Doug Kohrs, a biomedical engineer who arrived in Minnesota from Texas 22 years ago, is calling it a career in active management. He's served as a founder and top executive at Spine-Tech and as CEO of American Medical Systems and Tornier, the Netherlands-based orthopedic implant company that he took over in 2006. Kohrs ran Tornier between Amsterdam and a North American headquarters in Bloomington that grew from just him to 150 employees.
Sean Carney, the chairman of Tornier, credited Kohrs with building the company, once a family-run operation, by taking it public in 2011, navigating a big 2012 acquisition and "expanding our international footprint, core capabilities and the innovation pipeline."
Kohrs, 55, has handed over the baton to his successor at Tornier, but he remains active. He just joined the board of Proto Labs, Minnesota's best-performing initial public offering of recent years. And he sits on several other private-company boards.
"I plan to help other companies and help the local community and really give back in appreciation of all the support I was given since I arrived in Minnesota,'' Kohrs said last week. "My wife and I aren't from Minnesota, but we're staying in Minnesota."
Without getting into detail, Kohrs, said he and several associates plan to incorporate and fund what will be called the Foundation for Essential Needs, including a website that make grants to nonprofits such as Volunteers Enlisted to Assist People (VEAP), one of his charities over the years.
"We will support organizations like VEAP that help low-income families with emergency needs and try to help stabilize their economic situation," Kohrs said. "We'll fund organizations and ideas for helping the working poor. I'm going to do this in addition to what my wife and I have always done."
Kohrs, a Republican, also led the medical research-and-business effort on behalf of Minnesota Life Science Alley against the GOP-led legislative attempt in 2011 to ban "reproductive cloning" with a bill that could have halted therapeutic stem-cell research and potential cures for a host of diseases. Kohrs called the attempt anti-health and anti-business.
American Medical Systems and Spine-Tech, once fledgling concerns, were built into larger, very successful public companies that sold to global companies at nice premiums.