Insulet appoints Jim Hollingshead as CEO effective June 1; tightens 2022 Omnipod revenue guidance

INSULET CORP

Shacey Petrovic resigns as CEO effective June 1 for personal family reasons; remains on board as advisor through May 2023.
Jim Hollingshead, current board member and ResMed executive, becomes President and CEO on June 1; receives $9M sign-on equity grant, $800K salary.
FY 2022 total Omnipod revenue growth guidance narrowed to 16%-20% (prior 15%-20%); U.S. Omnipod raised to 19%-23%.
FY 2022 operating margin expected flat YoY due to inflation, supply chain, and FX pressures.
Petrovic will receive $500K annual salary as senior advisor and continued equity vesting through May 2023.

item 5.02 item 8.01 item 9.01

Executive movements

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Role change

Shacey Petrovic

President and Chief Executive Officer

PODD · INSULET CORP

Effective: 2022-06-01
Successor: James R. Hollingshead
Filed: May 6, 2022, 7:59 PM ET

Shacey Petrovic has notified the Company that she will resign as President and Chief Executive Officer as of June 1, 2022.

Appointed

James R. Hollingshead

President and Chief Executive Officer

PODD · INSULET CORP

Effective: 2022-06-01
Filed: May 6, 2022, 7:59 PM ET

appointed James R. Hollingshead, currently a non-employee member of the Board, as President and Chief Executive Officer of the Company ("CEO"), effective June 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Shacey Petrovic departed as President and Chief Executive Officer at INSULET CORP.

Action: resign
Role: President and Chief Executive Officer

Exact text from the filing

Shacey Petrovic has notified the Company that she will resign as President and Chief Executive Officer as of June 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

James R. Hollingshead was appointed as President and Chief Executive Officer at INSULET CORP.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

appointed James R. Hollingshead, currently a non-employee member of the Board, as President and Chief Executive Officer of the Company ("CEO"), effective June 1, 2022.

View on SEC.gov

INSULET CORP filing history →

Source: SEC EDGAR

accession 0001145197-22-000030

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