Devine succeeds Matthew Garrett who announced his intention to step down. Garrett will assist in the transition of CFO responsibilities and will remain at the company under an advisory role for up to a year.
“On behalf of everyone at iRhythm and our Board of Directors, I want to thank Matt for his many contributions during his tenure with the company, including his strong leadership through iRhythm’s IPO and follow-on offering, as well as numerous other transactions that enabled our growth and positioned us well for future financial stability,” CEO Kevin King said in a news release. “We appreciate his dedication and wish him all the best beyond iRhythm.”
Devine has more than 25 years of financial leadership experience. He most recently served as chief financial officer at GlobalFoundries.
“I am delighted to welcome Doug to iRhythm. We are fortunate to have a strong finance team, and now a smooth transition plan in place with Doug immediately stepping into the CFO role. His expansive financial experience and track record leading large, complex technology organizations provides not only continuity for our team, but readily enables us to make the next stride forward in operational growth and financial performance,” King said.