OFIX - Orthofix shuffles management plans search for successors

2023-09-12 07:21:22 ET

• Orthofix Medical ( NASDAQ: OFIX ) has announced that Catherine Burzik, Chairman, has been appointed Interim Chief Executive Officer.
• Geoffrey Gillespie, Vice President, Corporate Controller, has been appointed Interim Chief Financial Officer.
• Puja Leekha, Orthofix Senior Vice President, Chief Ethics and Compliance Officer, has been appointed Interim Chief Legal Officer.
• The appointments are effective immediately.
• The board has unanimously decided to terminate for cause Keith Valentine, John Bostjancic and Patrick Keran from those respective roles. The board’s decision follows an investigation that determined that each of these executives engaged in repeated inappropriate and offensive conduct that violated multiple code of conduct requirements and was inconsistent with the Company’s values and culture.
• The Company will not be participate at the Morgan Stanley conference on September 13, 2023 and the investor day planned for September 20, 2023 has been postponed.
• Source: Press Release

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