8-K
filed August 22, 2023, 7:59 PM ET
ticker ZBH
CIK 0001136869
leadership
confidence high
sentiment neutral
materiality 0.75
Zimmer Biomet appoints Ivan Tornos as CEO, Christopher Begley as Chairman; Suketu Upadhyay expands role
ZIMMER BIOMET HOLDINGS, INC.
- Bryan Hanson steps down as Chairman, President & CEO effective Aug 22, 2023; remains advisory through Aug 31.
- Ivan Tornos, former COO, appointed President & CEO; elected to Board.
- Christopher Begley appointed Chairman of the Board (from Lead Independent Director).
- Suketu Upadhyay expands role to CFO & EVP, Finance, Operations & Supply Chain.
- Company reaffirms full-year 2023 financial guidance.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bryan C. Hanson departed as Chairman of the Board, President and Chief Executive Officer at ZIMMER BIOMET HOLDINGS, INC..
- Action
- stepped down
- Role
- Chairman of the Board, President and Chief Executive Officer
Exact text from the filing
On August 17, 2023, Bryan C. Hanson notified the Company that he planned to step down as Chairman of the Board, President and Chief Executive Officer of the Company and as a member of the Company’s Board, all effective as of August 22, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher B. Begley was appointed as Chairman of the Board at ZIMMER BIOMET HOLDINGS, INC..
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
Effective August 22, 2023, the Board appointed Christopher B. Begley, who has been a director of the Company since 2012 and the Lead Independent Director since May 2021, to be the Chairman of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ivan Tornos was appointed as President and Chief Executive Officer at ZIMMER BIOMET HOLDINGS, INC..
- Action
- appointed
- Role
- President and Chief Executive Officer
Exact text from the filing
Effective August 22, 2023, the Board appointed Ivan Tornos the Company’s President and Chief Executive Officer, and elected Mr. Tornos a member of the Board of Directors to fill the vacancy resulting from Mr. Hanson’s departure from the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ivan Tornos was elected as Member of the Board of Directors at ZIMMER BIOMET HOLDINGS, INC..
- Action
- elected
- Role
- Member of the Board of Directors
Exact text from the filing
Effective August 22, 2023, the Board appointed Ivan Tornos the Company’s President and Chief Executive Officer, and elected Mr. Tornos a member of the Board of Directors to fill the vacancy resulting from Mr. Hanson’s departure from the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Suketu Upadhyay was appointed as Chief Financial Officer and Executive Vice President – Finance, Operations and Supply Chain at ZIMMER BIOMET HOLDINGS, INC..
- Action
- appointed
- Role
- Chief Financial Officer and Executive Vice President – Finance, Operations and Supply Chain
Exact text from the filing
Additionally, effective August 22, 2023, Suketu Upadhyay has been appointed to the newly-created position of Chief Financial Officer and Executive Vice President – Finance, Operations and Supply Chain.
View on SEC.gov
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