1. Medtech Insight
  2. >>Archive

Teleflex CFO's departure "sudden, but not scary"

 
• By Tina Tan

Teleflex has promoted Thomas Powell to senior vice-president and chief financial officer. He replaces Richard (Randy) Meier, whose departure from the company on 9 March has been described by Morgan Stanley analyst David Lewis as "sudden, but not scary". Mr Lewis wrote in a research note that Mr Meier's resignation is likely to come as a surprise to some investors, but it is not a refection of "a negative guidance trend or any other accounting irregularity". Instead, it may be that Mr Meier had sought a greater operating role at Teleflex but this did not materialise for various reasons. "Once this decision had been reached, a parting was inevitable," wrote the Morgan Stanley analyst.

Teleflex has promoted Thomas Powell to senior vice-president and chief financial officer. He replaces Richard (Randy) Meier, whose departure from the company on 9 March has been described by Morgan Stanley analyst David Lewis as "sudden, but not scary". Mr Lewis wrote in a research note that Mr Meier's resignation is likely to come as a surprise to some investors, but it is not a refection of "a negative guidance trend or any other accounting irregularity". Instead, it may be that Mr Meier had sought a greater operating role at Teleflex but this did not materialise for various reasons. "Once this decision had been reached, a parting was inevitable," wrote the Morgan Stanley analyst.

Teleflex, together with the announcement of the change of CFO, has reaffirmed its previously provided revenue and earnings growth guidance...

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Medtech Insight for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required
Start Free Trial

Already a subscriber?

More from Archive

Final Chance To Have Your Say: Take Our Reader Survey This Week

 
• By Ryan Nelson

Editor’s note: This is your final call to participate in the survey to better understand our subscribers’ content and delivery needs. The deadline is 20 September.

Shape Our Content: Take The Reader Survey

 
• By Ryan Nelson

Editor’s note: We are conducting a survey to better understand our subscribers’ content and delivery needs. If there are any changes you’d like to see in coverage topics, content format or the method in which you receive and access Medtech Insight, or if you love it how it is, now is the time to have your voice heard.

Patients With Movement Disorders Will Benefit From Medtronic’s Expanded MRI Labeling For DBS

 
• By Marion Webb

Medtronic announced it received expanded MRI labeling for its DBS systems, which is critical, given that almost 70% of all DBS-eligible patients will likely need an MRI at some point in their care, says Ashwini Sharan, CMO for Medtronic Neuromodulation.

Podcast: Lung Life AI CEO Shares Regulatory And Reimbursement Journey For Lung Cancer Diagnostic

 
• By Natasha Barrow

In this episode, Medtech Insight reporter Natasha Barrow speaks to LungLife AI CEO Paul Pagano. Lung Life AI is a US-based AIM-listed medical technology company that has developed a liquid biopsy test for the early detection of lung cancer called Lung LB. Pagano runs through the highlights of Lung Life AI journey to date and its future ambition for a strategic partnership. He also provides advice to similar diagnostic companies seeking reimbursement andcompliance with the US FDA Lab Developed Test ruling.

More from Medtech Insight

‘Small Business’ Applications For Waiver Of Device User Fees To Be Streamlined By US FDA

 
• By Brian Bossetta

FDA moves forward with implementing previous draft guidance and will consolidate forms, but the agency estimates limited impact in the total reporting burden.

Ultrahuman Launches Home Health Monitoring

 
• By Natasha Barrow

Ultrahuman seeks to “create an environment that aligns with our bodies" by linking environmental parameters collected by Ultrahuman Home to health physiology, measured by the Ultrahuman Ring Air.

FDA Outlines Responsibilities For Owners Of Transferred 510(k)s

 
• By Elizabeth Orr

The US FDA's new draft guidance details the responsibilities of new owners of 510(k) clearances, including making timely updates device listings in FURLS and GUDID to maintain accurate information for safety alerts and recalls. Comments on the draft are accepted until 4 August.