Centerpulse Biologics Unit To Be Split Up Under Evolving Reorganization Plan
This article was originally published in The Gray Sheet
Executive Summary
Centerpulse's Biologics and Strategic Development Division activities will be integrated into the firm's remaining operating units under a reorganization plan that also includes dismissal of CEO Stephan Rietiker
You may also be interested in...
People In Brief
Intuitive Surgical succession: President and chief operating officer Gary Guthart will be promoted to CEO of robotic surgery juggernaut Intuitive Surgical on Jan. 1, the company said Oct. 23. Current Chairman and CEO Lonnie Smith will relinquish the executive role, but continue leading the firm's board of directors as of the New Year. Guthart, who will retain the president role, joined Intuitive in 1996. The personnel announcement came two days after the company announced its third quarter results (see Earnings Calls In Brief, p. 16)
People In Brief
Intuitive Surgical succession: President and chief operating officer Gary Guthart will be promoted to CEO of robotic surgery juggernaut Intuitive Surgical on Jan. 1, the company said Oct. 23. Current Chairman and CEO Lonnie Smith will relinquish the executive role, but continue leading the firm's board of directors as of the New Year. Guthart, who will retain the president role, joined Intuitive in 1996. The personnel announcement came two days after the company announced its third quarter results (see Earnings Calls In Brief, p. 16)
Eight-Month Absence Of Permanent CEO Signals Impending Centerpulse Sale
Centerpulse's still-vacant CEO position after an eight-month search indicates that management may be resigned to selling the company