1. AngioDynamics CEO DeVivo is out, ex-Covidien exec Clemmer is in

AngioDynamics (NSDQ:ANGO) said today that president & CEO Joseph DeVivo stepped down to “pursue other interests” and was replaced by ex-Covidien bigwig James Clemmer, effective today.

DeVivo joined Latham, N.Y.-based AngioDynamics in September 2011.

“We thank Joe for his contributions and commitment to AngioDynamics over the years, including his leadership in guiding the company through various regulatory challenges, implementing growth drivers into all 3 business franchises and integrating the Navilyst acquisition. We wish him the very best in his future endeavours,” chairman Howard Donnelly said in prepared remarks.

Clemmer was president of Covidien’s medical supplies business. Medtronic (NYSE:MDT) acquired Covidien for $50 billion in January 2015.

“Having recently managed operations and driven growth for a $1.8 billion global business, Jim Clemmer is uniquely positioned to lead AngioDynamics as we accelerate our growth and bring innovative products to the patients who need them,” Donnelly said. “We are confident Jim’s leadership and expertise will help AngioDynamics improve margins, drive international growth and ultimately maximize shareholder value.” Read More