InVivo Therapeutics (OTC:NVIV) is on its 3rd financial chief since August, saying it named Steven McAllister to replace interim CFO Gregory Perry.
Perry stepped down effective Dec. 30 to join an unnamed biotechnology company as its CFO, according to a press release.
McAllister was vice president of finance & administration for Biomet from 2007 until this year. His résumé also includes stints at Johnson & Johnson‘s (NYSE:JNJ) DePuy subsidiary and Howmedica, now a division of Stryker (NYSE:SYK).
“Steve McAllister brings expertise in both finance and in the operations of device companies. I am confident that he will provide the same judgment, integrity and strategic vision provided by Greg Perry during our initial repositioning of InVivo,” interim CEO Michael Astrue said in prepared remarks.
Perry took over financial operations for the Cambridge, Mass.-based medtech company in September from Sean Moran, who quit after just 2 weeks in the role. Moran had taken the job after the sudden departure of CEO & CFO Frank Reynolds, who resigned late in August.
InVivo said it also promoted William D’Agostino to vice president of manufacturing & engineering and Robert Ham to senior director of quality. Both appointments are slated take effect Jan. 1.
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