Safeguard Scientifics names Stephen Zarrilli CEO | Personnel Moves

October 30, 2012 by MassDevice staff

Medical device company Safeguard Scientifics promotes senior VP and CFO Stephen Zarrilli to CE0, replacing Peter Boni who held the position for more than 7 years.

 Safeguard Scientifics gets a new CEO
Wayne, Pa.-based lifescience holdings company Safeguard Scientifics promoted its senior VP and CFO Stephen Zarrilli to CEO, effective on November 1. Zarrilli succeeds Peter Boni, who deployed approximately $315 million into 2-dozen high growth situations during his tenure in the corner office.

Boni held the CEO position at Safeguard for more than 7 years, during which time 3 of Safeguard's partner companies completed initial public offerings and large-cap strategic buyers, including Oracle Corp. (NSDQ:ORCL), Eli Lilly (NYSE:LLY), Shire (NSDQ:SHPGY), McKesson (NYSE:MCK) and GE Healthcare (NYSE:GE) acquired others. The exits generated approximately $643 million, according to a press release.

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Zarrilli joined Safeguard as its CFO in 2006, prior to which, he was CFO & CEO of US Interactive and CEO of Concellera Software.