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January 30, 2012
By: Michael Barbella
Managing Editor
DJO Global Inc. is making a fresh start in the new year. The Vista, Calif.-based orthopedic device manufacturer has reshuffled its board ofdirectors, electing Mike S. Zafirovski as chairman and John R. Murphy as both company director and chairman of the DJO Global Audit Committee. The new additions offset the resignation of board member Lesley Howe, who stepped down Dec. 30 after serving three years on the panel.
Zafirovski is a senior advisor to The Blackstone Group, a global asset management and financial services company. He also serves on the boards of directors of Chicago, Ill.-based Boeing Company and Apria Healthcare, a provider of integrated home healthcare products and services headquartered in Lake Forest, Calif. Zafirovski has more than three decadesof experience in business management, working for General Electric Co., Motorola and Nortel Networks Corporation. Zafirovski honed most of his management skills at GE, where he spent nearly 25 years working his way through the ranks of the company’s upper echelon before joining Motorola in June 2000 and then Nortel Networks Corporation in November 2005.
Zafirovski succeeds Les Cross as board chairman. Cross, however, will remain an active board member.
Murphy currently serves on the board of directors, the governance committee and chairs the audit committee of O’Reilly Auto Parts, a Springfield, Mo., retailer. He was senior vice president and chief financial officer of Smurfit-Stone Container Corporation, a paperboard and paper-based packaging company based in Creve Coeur, Mo., and Chicago, Ill.
Before he joined Smurfit-Stone,Murphy was chief financial officer, chief operating officer, and ultimately, president and CEO of Accuride Corporation.
Howe joined DJO’s board of directors in January 2009. He worked for KPMG LLP (the audit, tax and advisory firm) for 30 years until he retired as area managing partner/managing partner of the company’s Los Angeles, Calif., office. Howe also served as CEO of Consumer Networks LLC, a privately owned San Diego, Calif.-based internet marketing firm, from 2001 until its sale in 2007. In addition, Howe was a member of DJO Opco Holding Inc.’s board from October 2002 until its merger with ReAble Therapeutics Inc. in November 2007. And while he no longer will be associated with DJO, Howe will nevertheless have plenty of related work to keep him busy: He remains on the boards of directors of NuVasive Inc. and Volcano Corporation (both based in San Diego), P.F. Chang’s China Bistro Inc. of Scottsdale, Ariz., and Jamba Juice Company of Emeryville, Calif.
Howe was the first of two managers to leave DJO within the last two months. Earlier this month, Executive Vice President and Chief Operating Officer Luke Faulstick resigned from the company to become co-owner, president and CEO of Power Partners Inc., an Athens, Ga.-based power transmission manufacturer. Faulstick has been a member of the company’s board of advisors since 2003.
Faulstick joined DJO in 2001. Before that, he worked at Tyco Healthare, Mitsubishi Consumer Electronics and Eastman Kodak Company. He received a B.S. in Engineering from Michigan State University in East Lansing and a master’s degree in engineering from Rochester Institute of Technology in Rochester, N.Y. He served as chairman of the board of directors for the Association of Manufacturing Excellence from 2009 to 2011 and is a certified Board of Director through the UCLA Anderson School of Business.
Globus Medical Adds to its Executive Suite
Spinal implant maker Globus Medical Inc. has been adding to its front-office expertise.
In early January, the company hired Richard A. Baron to serve as senior vice president and chief financial officer (CFO).
Baron has more than 30 years of financial management experience, including more than 20 serving as CFO for several medical device and pharmaceutical companies. Before joining Globus, Baron was vice president of finance and CFO for Avid Radiopharmaceuticals Inc., ERT, Animas Corporation, Genex Services Inc., and Marsam Pharmaceuticals Inc. He received a B.S. in Economics from the Wharton School of the University of Pennsylvania and is a certified public accountant.
In mid-December the company also added two new vice presidents to its executive team—David Veino, as vice president of marketing and Tom Kennedy as vice president of surgeon relations and education.
Veino will lead Globus’ worldwide marketing efforts. Prior to joining Globus, he spent five years as global director of sales and marketing for the interventional spine division of Stryker. Prior to Stryker, Veino spent five years in sales with Atherotech culminating as vice president of sales.
Before that, he worked for HeartGenCenters, Philips Medical Systems, Cor Therapeutics, and Parke Davis Pharmaceuticals. Veino holds a B.S. in Physiology from California State University, and has completed an Executive Management Program at Harvard Business School.
Kennedy will oversee Globus’ Musculoskeletal Education and Research Center as well as the Surgeon Relations Group. Previously, he was vice president of professional affairs and medical education for Smith and Nephew’s Biologics and Clinical Therapies Division. Prior to that, he was director of professional programs with Stryker Spine. He also worked at C.R. Bard, Maxxim Medical and Johnson & Johnson. Kennedy earned a B.S. fromWichita State University.
Founded in 2003, Globus Medical is based in Audubon, Pa.
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