Edwards Lifesciences (NYSE:EW) said its finance chief, Thomas Abate, plans to retire later this year after a replacement is found.
The Irvine, Calif.-based medical device company said Abate, 60, will stay on as CFO while the search goes on. Edwards hired Peter Crist of Crist/Kolder Associates to assist in the quest, according to a press release.
"Tom has had a very productive 31-year career with our company, and I want to thank him for his many significant contributions to our success," chairman & CEO Michael Mussallem said in prepared remarks. "Tom played an important role in establishing Edwards as a standalone company following our spinoff from Baxter Healthcare Corporation in 2000. He has been a valuable business partner and has been instrumental in helping us adapt to an evolving financial landscape, while also positioning the company for the future. His dedication to Edwards has been exemplary, and we look forward to his continued leadership through this transition."
Abate has been Edwards’ finance head since 2006, after a 6-year stint as vice president & controller. He was with Edwards’ corporate parent, Baxter, until the Edwards spinout in 2000, according to the release.
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