Smiths Medical president Srini Seshadri is expected to step down, and Zimmer (NYSE:ZMH) executive Jeff McCaulley will step into the top office.
There was no reason given for Seshadri’s departure. He joined the company in 2006 and helped navigate some tough times when it was under-performing, Smiths said.
McCaulley comes to the company after running Zimmer’s reconstructive division for the past 5 years. The 25-year medical device industry veteran has also worked for Wolters Kluwer Health Inc., Medtronic (NYSE:MDT) and GE Healthcare (NYSE:GE), according to a press release.
“I am delighted to welcome Jeff into the Smiths family of businesses. His knowledge of the sector, outstanding track record in improving business performance and focus on customer-driven product development ideally equip him to lead Smiths Medical in the next stage of its development,” Smiths Group CEO Philip Bowman said in prepared remarks.
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