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Profile: Michael Conroy Vice president, chief financial officer, MTS Medication Technologies

By FRED W. WRIGHT JR.
Published June 26, 2006


Although officially retired from MTS Medication Technologies in 2004, Michael Conroy was never very far away. He continued to consult with the company, and when an interim position opened up in March for vice president and chief financial officer, he eagerly accepted the chance to return.

The position became permanent on June 1.

"I really found that when I had retired from the company, I missed working here and missed working with the people here at the company," Conroy said. "I expected to do other things. I never expected to "retire" retire. I never really stepped away completely."

Conroy is responsible for all financial affairs of the company, from Securities and Exchange Commission reporting requirements, monthly reports and budgets to helping the company with its strategic planning "and dealing with all the things a CFO of a public company deals with," Conroy said.

The workweek involves a lot of meetings and a lot of numbers, he said. "I'm very interested in the financial side of how business works, and I have done it all my entire career," Conroy said. "It's something I enjoy doing."

MTS Medication Technologies manufactures automation machines and disposable and consumable blister cards and punch cards that are sold to institutional pharmacies that service nursing homes and assisted-living facilities, Conroy said. The blister cards and punch cards are then filled with pharmaceuticals for patients at the nursing homes or assisted-living facilities.

The company markets primarily to the United States and the United Kingdom, Conroy said. The company, with about 180 employees in Pinellas County, had revenue of $42.5-million for its most recent fiscal year.

"Because you're public, everybody knows what you're doing," Conroy said. "You have investors and shareholders who are very diverse.

"It's a very visible type of situation. I like the challenge of that," he said. "A public company has a lot of people looking at it and interested in what you do."

A native of Buffalo, N.Y., Conroy is on the board of the H. Lee Moffitt Cancer Center Foundation, serving on several committees.

Conroy, 58, and his wife, Marge, have two children and two grandchildren.

An avid golfer who likes to play new courses around the country, Conroy admits that when he initially retired from MTS Medication Technologies, he envisioned playing golf every day.

"That got old fast," he confessed. "Actually, I played worse the more I played, so I had to go back to work."