The chief executive officer of NuVasive, Alex Lukianov, has resigned from the company after an independent investigation overseen by the company’s board found that he had engaged in actions that were “not representative of the high standards by which NuVasive operates,” according to the company.
Lukianov took on the chief executive officer role in 1999, and had been board chairman since 2004. The company said that he did not comply with expense reimbursement and personnel policies.
Lukianov leaves with a US$900,000 severance payment, equal to one year’s salary, according to a US Securities and Exchange Commission filing that accompanied the announcement. The company is also paying Lukianov US$500,000 to act as a consultant for 18 months.