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Thoratec Goes Back To The Future With CEO Appointment

D. Keith Grossman, who led the LVAD maker from 1996 to 2006, has returned as CEO following the resignation of Gary Burbach. The company has been reporting declining sales of its franchise HeartMate II LVAD system.

D. Keith Grossman has retaken the helm of left-ventricular-assist-device manufacturer Thoratec Corp. after an eight-and-a-half year hiatus. Grossman has replaced Gary Burbach, who stepped down as CEO on Sept. 22.

The move comes as the company has been reporting declining sales of its franchise HeartMate II LVAD system in the...

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