ResMed CEO hands corner office to his son
ResMed (NYSE:RMD) founder and CEO Dr. Peter Farrell plans to hand the corner office to his son following his resignation, effective March 1.
Michael "Mick" Farrell will take over as CEO and gain a seat on the company’s board of directors, with his father leading the board as executive chairman.
Robert Douglas will take over the role of president and COO, and together with Mr. Farrell will comprise the office of the CEO, according to a regulatory filing. Dr. Farrell plans to work with them on an as-needed basis through the end of the year, at which point he’ll transition to a non-executive chairman role.
Mr. Farrell has been with his father’s company since 2000, holding positions as senior VP of the company’s sleep unit, VP of marketing for Americas and VP of business development. He was most recently president for the Americas.
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Mako names new senior VP of sales
Surgical devices maker Mako Surgical (NSDQ:MAKO) promoted Christopher Marrus to senior vice president of sales. Marrus has been with the company since February 2012, serving as a regional sales manager for the Rios robot-assisted surgery system and then as a senior director of sales.
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Teleflex promotes CFO
Limerick, Pa.-based Teleflex (NYSE:TFX) promoted Thomas Powell from CFO and senior vice president to CFO and executive vice president. The move comes with an increase in salary from $390,000 to $450,000, as well as increases to his incentive and equity incentive programs.
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Align Tech. notes departure of CFO, welcomes new Asia Pacific VP
Orthodontic devices maker Align Technology (NSDQ:ALGN) announced that finance VP and CFO Kenneth Arola will step down from his post on March 4, 2013. He’ll remain with the company until June 28, 2013, and will see through the audit of the company’s 2012 financial statements and 10-K filing prior to his departure.
The company also announced the appointment of Julie Tay as VP for the company’s Asia Pacific operations, effective March 1.
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Pro-Dex adds CEO title to CFO’s role
California medical device maker Pro-Dex (NSDQ:PDEX) promoted Harold Hurwitz to CEO, a role he will hold in addition to his CFO duties. Hurwitz succeeds Michael Berthelot, who officially stepped down this week.
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