Orthofix CFO bails after 6 months amid deepening financial fix (MassDevice)
Orthofix International CFO Mark Heggestad steps down after just 6 months as a 3-year financial restatement deepens on new evidence of inventory control problems.
Orthofix (NSDQ:OFIX) CFO Mark Heggestad is stepping down just 6 months into his tenure, even as the medical device company's 3-year financial restatement yesterday deepened on new problems with its inventory controls.
Orthofix promoted its chief accounting officer Doug Rice to replace Heggestad, who took over May 9 from interim CFO David Ziegler. Longtime CFO ...
