Management Changes
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Set Up E-mail Alerts For Management Changes » RSS Feed For Management Changes »Badger Meter, Inc. (NYSE: BMI) announced that Todd J. Teske, president and chief operating officer of Briggs & Stratton Corporation (NYSE: BGG), has been elected a director of the company.
Teske serves on the boards of the Manufacturers Alliance, Junior Achievement, Dean's Advisory Council at the University of Wisconsin- Oshkosh, Boy Scouts of America-Milwaukee Chapter, MRA-The Management Association, Association for Corporate Growth and Wisconsin Manufacturers & Commerce.
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The Board of Directors of Ecolab Inc. (NYSE: ECL) announced that it has appointed Victoria J. Reich to the board.
Ms. Reich is the Senior Vice President and Chief Financial Officer of United Stationers Inc., a leading North American wholesale distributor of business products. Prior to joining United Stationers in 2007, Ms. Reich served in international operating and financial management roles with Brunswick Corporation and General Electric Company.
Ecolab Inc. develops and markets products and services for the hospitality, foodservice, healthcare, and light industrial markets in the United States and internationally.
NuVasive, Inc. (NASDAQ: NUVA) announced today the appointment of Michael J. Lambert as Executive Vice President and Chief Financial Officer, effective November 9, 2009. The Company also announced several other Executive Management Team updates.
Mr. Lambert has been the Chief Financial Officer and held other key financial positions at other public companies. Most recently he was the Chief Financial Officer of Advanced Medical Optics, a medical device company focused on technologies used by eye care professionals. As the financial leader of a global organization, he developed in-depth operational expertise and critical analytical skills.
Mr. Lambert will succeed Kevin O'Boyle, who has served as the Chief Financial Officer of NuVasive since the company went public in 2004. Mr. O'Boyle will actively assist Mr. Lambert's transition into his new role through the end of the year.
Other notable changes include:
- Patrick Miles will be promoted to President of the Americas, and will report to Keith Valentine, President and Chief Operating Officer. Mr. Miles will oversee NuVasive's global creative product portfolio including marketing and development, clinical research, surgeon education, and sales for the Americas. Since 2001, Mr. Miles has devoted considerable energy and vision to leading the development and marketing efforts that have helped make NuVasive the unique and results-oriented spine company it is today.
- Jeffrey Rydin will be promoted to Executive Vice President of Sales, Americas. Mr. Rydin will assume direct sales responsibility for the entire Americas' sales force. He also will serve as Chairman of our newly formed Global Sales Executive Committee designed to ensure that NuVasive's global sales and marketing strategy is carried out to maximize results. Mr. Rydin has made enormous contributions to our top line growth since joining NuVasive from Johnson & Johnson four years ago.
- Jason Hannon will be promoted to Executive Vice President and General Counsel. Mr. Hannon will continue to be responsible for strategic planning, business development, and legal. His role will expand to include government affairs and broader administrative influence. Since joining NuVasive from private practice, Mr. Hannon has successfully taken on increasing responsibility and operational influence.
- Takaaki Tanaka has been appointed Executive Vice President of Asia Pacific. Mr. Tanaka will drive sales and strategic business initiatives in the Asia Pacific region, working from Tokyo, Japan. Mr. Tanaka joins NuVasive with a track-record of success in driving revenue and market share gains in the Asia Pacific region, having led the Medtronic Spinal, Biologics and Navigation Divisions to the #1 market share spot for the Asia Pacific region. He brings to NuVasive a wealth of experience in dealing with the unique dynamics of the Asia Pacific region.
- Stephan Siemers has been appointed Executive Vice President of Europe. Mr. Siemers will spearhead NuVasive's European sales and operations effort from Bremen, Germany. Stephan joins NuVasive following over fifteen years with Johnson & Johnson, where he most recently served as President of their international spine division. During his tenure, Mr. Siemers successfully reorganized the German sales and marketing structure, and was responsible for Europe, Middle East, Africa, Asia Pacific, Latin America, and Canada. His division enjoyed the largest and most consistent sales growth for the entire organization.
HealthTronics, Inc (NASDAQ: HTRN) reports Q3 EPS of $0.05, 3 cents better than the analyst estimate of $0.02. Revenue for the quarter was $47.3 million, which compares to the estimate of $46.85 million.
Appointment of Richard Rusk to Chief Financial Officer
CVS Caremark (NYSE: CVS) announces a new $2 billion buyback program.
The company also announced that David Denton will become the new CFO, replacing David Rickard who is retiring at the end of this year.
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