Newly appointed DeMane out at Lanx
July 1, 2010 by MassDevice staff
Former Medtronic COO Michael Demane steps down from the chairman and CEO spot at Lanx Inc. 10 days after taking the job.
Michael DeMane quit his new job as chairman and CEO of Lanx Inc.
The former Medtronic Inc. (NYSE:MDT) COO took over the top spot at the privately held Bloomfield, Colo.-based spinal surgery device maker June 21.
The company said he will assist the company as a consultant while co-founder Dr. Jeffrey Thramann will remain chairman of the board.
A Lanx spokesperson said DeMane changed his mind about taking the job, but declined to further elaborate.
Few were surprised when DeMane departed Medtronic after the company named Bill Hawkins as its new CEO in August 2007. Despite the company's legal troubles during DeMane's tenure as COO, many thought he was next in line at the Minnesota device maker.
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