DVORAK AND BINDER ENCOURAGE ZIMMER/BIOMET EMPLOYEES (Orthopedics This Week)
Letter to Zimmer-Biomet Employees
Dave Dvorak and Jeff Binder (the CEOs) tell their sales reps in a May 20, 2014 letter that it is their intention to retain all sales rep positions when their companies, Zimmer Holdings, Inc. and Biomet, Inc. merge in 2015. We reviewed the letter from a regulatory filing.
Judging by the overwhelming response by OTW readers to Drue De Angelis’ letter to his former colleagues, it’s clear that many employees are concerned over keeping their jobs, understanding how the very different cultures of the companies will coexist and what happens to their competition for customers while integration takes place. The CEOs address those issues.
Protect Ongoing Business
The CEOs write that an important objective during integration “is to protect our ongoing businesses’ momentum by continuing to focus on our respective Customers and their patients. While using this integration planning process to create a shared vision of our culture, strategy and operating model, we should keep in mind that we are independent companies until the transaction closes and we must compete as vigorously as...
