DVORAK OUT AT ZIMMER BIOMET (Orthopedics This Week)
Dave Dvorak has resigned, unexpectedly, as president and CEO of Zimmer Biomet Holdings, Inc.
The announcement on July 11, 2017, made by the company's Board of Directors at the close of the day, stated that Dvorak resigned "effective today."
Zimmer Under Dvorak
Larry Glasscock, chairman of the company's Board of Directors didn't say Dvorak was fired, but praised Dvorak's ten-year term as CEO. He noted that Dvorak transformed Zimmer Biomet "into a truly global leader in musculoskeletal healthcare. Through a combination of organic growth and strategic acquisitions, Zimmer Biomet's revenue has doubled and the company has established a leading portfolio of technologies, solutions and personalized services."
Dvorak pointed to collective efforts with his team that grew employment from approximately 3,000 in 2001 to 18,000 today and built a Fortune 500 company. Dvorak was at the center of every major merger and acquisition made by the company going back to the Centerpulse AG acquisition in 2003. That acquisition was followed by acquisitions of Impel Corp (2004); ORTHOSoft, Inc. and Endifs, Inc. (2007); Abbott Spine (2008); Medizin-Technik...
