He has submitted his resignation and will effective at the end of March. I can guarantee this is not a fun job right now with the recalls and all the issues the DePuy division has faced. He’s an executive in charge of running a failing implant division, and personally he did not create the units, nor did he implant any of them but it’s his bowl of wax, well at least until the end of the month. Sometimes when in positions as such with recalls and failures, you might wonder does anyone really want that job? I wouldn’t as you are not going to be able to please very many people and opinions at all. In the meantime if one company can’t make an implant that works, maybe go buy another, at least that is what it looks like with recent news.
Johnson and Johnson Set to Make Another Offer To Smith & Nephew-Going After One More Orthopedic Acquisition in the UK Meanwhile Consumer Confidence Is Limited
This one was already announced as a buy out.
The reason for leaving is cited as pursuing interests outside the company and again if I were in that pressure cooker it would sound like good reasoning to me. BD
Johnson & Johnson said Friday that the worldwide president of its DePuy Orthopaedics division, a maker of artificial hips and knees that has struggled with product recalls and lawsuits over faulty implants, is leaving the company. The executive, David Floyd, submitted his resignation last week and will leave at the end of March, a spokeswoman said.