Curtis M Selquist is to succeed Dean Bergy as chairman of the board for RTI Surgical, effective immediately. Peter F Gearen has also been named vice chairman of the board of directors.
Dean Bergy, who has chosen not to continue in his role, will sit on the board until the 2016 annual shareholders meeting.
“On behalf of RTI and the entire board of directors, we thank Dean for his leadership and many contributions to our board,” says Brian K Hutchison, president and chief executive officer of RTI. “His experience in finance, accounting and tax processes has been a great asset to the RTI board and we will miss his wise counsel.”
“As I have told the board, at this time I am shifting my focus to my increasing duties at Stryker Corporation,” Bergy says. “I would like to extend my appreciation to the board, and I wish the company’s leadership much success in continuing its strategy to grow the company over the next few years and beyond. I am confident in the strategic direction of the company and I look forward to a bright future for RTI as a shareholder.”
RTI also announced today that the 2016 annual shareholders’ meeting will be scheduled later than the company’s usual April timeframe, to allow sufficient time for the nominating and governance committee to follow its thorough process to evaluate the director candidates recently proposed by Krensavage Partners LP, along with other potential candidates. The company said it will announce the date of the shareholders’ meeting and the related record date in due course.