OrthoWorx website
Former DePuy Orthopaedics CEO Floyd lands with OrthoWorx (MassDevice)
David Floyd, the former CEO of DePuy Orthopaedics, starts a new gig today: CEO of OrthoWorx, an "industry, community and education initiative" that aims to boost the orthopedics cluster centered in Warsaw, Ind.
Floyd stepped down as chief executive of the Johnson & Johnson (NYSE:JNJ) subsidiary last March, amid a damaging recall of one of its hip replacement lines that's already cost it nearly $1 billion in legal expenses.
"We are delighted that David has agreed to join our organization," chairwoman Cheryl Blanchard said in prepared remarks. "David's industry experience as the global head of a multi-billion dollar orthopedic enterprise, his leadership in the creation and launch of OrthoWorx, and his deep connections to the Warsaw community make him ideally suited for this position."
Floyd was a founding member of the OrthoWorx board, where he served until shortly after leaving DePuy. Named president of division in Sept. 2007, after coming over from Abbott's (NYSE:ABT) spine division, his arrival was accompanied by some fanfare due to his connections to Warsaw – he was an...
