Japan’s Asahi Kasei Corp. (TYO:3407), which in 2012 paid $2.3 billion to acquire Zoll Medical, is shuffling the deck at the resuscitation device maker.
Former CEO Rick Packer, who led Zoll for 13 years before overseeing the merger with Asahi Kasei, was promoted to primary executive officer and charged with building the healthcare business into “a 3rd pillar” of the Asahi Kasei Group. The conglomerate, which is also in the construction and chemical & fiber businesses, said the healthcare unit will consist of Zoll, Asahi Kasei Pharma, Asahi Kasei Medical and “future global healthcare companies.”
Packer, who’s presided over a doubling in sales at Zoll to more than $1 billion since the April 2012 merger, was also named non-executive chairman at the Chelmsford, Mass.-based company.
Zoll also said it promoted Zoll president Jonathan Rennert to replace Packer as CEO, and moved international SVP Ernest Whiton into the president role.
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