RTI Surgical CEO Hutchison to retire
RTI Surgical (NSDQ:RTIX) said yesterday that its president and chief executive officer Brian Hutchison announced he will retire from his positions and step down from the board.
Hutchison will stay on to aid in the transition to a new CEO, which the company said it is commencing a search to find.
“We have asked Brian to remain with us to ensure an orderly transition to a new CEO. On behalf of the entire board, I want to recognize Brian for the many contributions he has made to transforming RTI into a leading global provider of surgical implants. RTI has a strong bench of management talent that I know will continue to lead the company forward as it remains focused on developing and delivering exceptional products and achieving sustainable top- and bottom-line growth,” chair Curtis Selquist said in a press release.
“It has been an honor to serve RTI and help it grow into a market leader. I have great confidence in our board and management, and I will work diligently with them during this transition period to help position the company for operational and financial performance over the long term,” Hutchison said in a prepared statement.