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Home » Former Medtronic exec to lead Zimmer Biomet spinoff

Former Medtronic exec to lead Zimmer Biomet spinoff

February 16, 2021 By Chris Newmarker

Vafa Jamali Zimmer Biomet NewCo
Vafa Jamali will lead Zimmer Biomet spinoff “NewCo” as its CEO [Image from LinkedIn]
Zimmer Biomet (NYSE:ZBH) announced today that Vafa Jamali will serve as the CEO of “NewCo,” the spine and dental business spinoff that Zimmer Biomet expects to close in mid-2022.

A more than 25-year medtech veteran, Jamali most recently served as chief commercial officer of Rockley Photonics. Before that, he was SVP and president of Respiratory, Gastrointestinal & Informatics (RGI) at Medtronic. Over the years, he’s also held leadership positions at Covidien, Cardinal Health, and Baxter.

“Vafa’s extensive knowledge and experience in building teams, developing long-term growth strategies, prioritizing resources, driving execution and delivering growth across the medical device industry make him the ideal leader to shape the direction of NewCo and move the business forward,” Zimmer Biomet CEO Bryan Hanson said in a news release.

Jamali touted his execution and value creation experience. “I am looking forward to working closely with the new team to develop and drive investment strategies and a plan for long-term growth in the Spine and Dental markets — all with a relentless focus on delivering for patients, customers, team members and our future shareholders,” he said.

The businesses that fall under the NewCo banner made up nearly 13% of Zimmer Biomet revenues over the past two years, bringing in $1.022 billion in 2019 and $897 million in 2020. Differentiated spine products to help power NewCo’s growth include the Rosa One Spine robotic surgery system, the Mobi-C cervical disc and The Tether. Dental boasts a whole suite of oral reconstruction products.

 

Filed Under: Business/Financial News, Featured, News Well, Orthopedics, Spine Tagged With: Newco, Personnel Moves, Zimmer Biomet

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About Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at [email protected].

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