Orthofix shares plunge amid leadership shakeup

Orthofix’s shares fell 17.1 percent Tuesday morning after the company announced that three C-suite leaders were terminated after an investigation, Market Watch reported Sept. 12.

Advertisement

The company’s former CEO , Keith Valentine; CFO, John Bostjancic, and chief legal officer, Patrick Keran, were fired after an independent investigation uncovered “repeated inappropriate and offensive conduct.”

Catherine Burzik is now interim CEO, Geoffrey Gillespie is interim CFO and Puja Leekha is interim chief legal officer.

Orthofix also pulled its participation at the upcoming Morgan Stanley Conference, and its investor day has been postponed, according to a news release.

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

160 ambulatory leaders just ranked the EHR as the single system most overdue for AI reinvention

Tuesday, August 11
12:00 PM - 1:00 PM CDT

Presenter: Gautam Shah, MBA, FACHDM, NextGen Healthcare

Advertisement

Next Up in Spinal Tech

Advertisement

Comments are closed.