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This article was originally published in The Gray Sheet

Executive Summary

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)
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