CEO Change at Integra LifeSciences, Peter Arduini In –> Stuart Essig out
Integra LifeSciences Appoints New CEO (Lauren Uzdienski @ HealthPointCapital)
Integra LifeSciences appointed Peter Arduini President and Chief Executive Officer. He’s been promoted from the role of President and Chief Operating Officer, a post he’s held since joining Integra from Baxter Healthcare in November of 2010. Current CEO Stuart Essig has been appointed Executive Chairman of the Board. The leadership transition is effective as of January 3, 2012.
A new position was also created for Mr. Arduini on Integra’s Board. Current Chairman of the Board Richard Caruso, a founder of Integra LifeSciences and its Chairman since its inception, will remain as a director of the company.
In the press release, Mr. Essig described the transition as the “culmination of a rigorous succession process that we initiated a couple years ago.” The stock has been relatively stable in reaction to the news, up about 1% at mid-day today.