Wright Medical President of the Upper Extremities Division Terry M. Rich resigned, effective immediately, according to a Street Insider report.
Here are three takeaways:
1. Kevin Cordell, Wright Medical's president of the lower extremities and biologics division, has assumed Mr. Rich's responsibilities.
2. In late May, Wright Medical Executive Vice President and COO David Mowry left his position to pursue other opportunities.
3. The company's most recent financial results reported showed net sales totaling $181 million in the first quarter of 2016.