Zimmer CEO steps down
This article was originally published in The Gray Sheet
Executive Summary
Orthopedic firm's veteran CEO Ray Elliott plans to retire in the first half of 2007, Zimmer announces Nov. 20. Elliott, credited with accomplishing Zimmer's 2001 spin-off from Bristol-Myers Squibb, as well as overseeing the firm's 2003 acquisition of Centerpulse, will remain as board chairman for at least one year. The firm will conduct a search internally and externally for a successor to Elliott, who has served as president since 1997 and became CEO in 2001 when Zimmer went public...