MedTech Dive February 21, 2024
Bryant, who led the company since 2009, was fired after a challenging quarter and confusion over earnings forecasts.
Dive Brief:
- QuidelOrtho’s board fired CEO Doug Bryant on Wednesday after nearly 15 years with the company. Bryant also resigned from the company’s board.
- The diagnostics firm made the decision after a challenging quarter in which its revenue and net income declined year over year. Analysts expressed disappointment with the company’s 2024 forecasts, and QuidelOrtho’s shares lost nearly a third of their value on Feb. 14.
- The board is searching for a new CEO. Chief Commercial Officer Michael Iskra will serve as interim CEO, and Chief Operating Officer Robert Bujarski will serve as interim president.
Dive Insight:
Bryant...
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Topics: Medical Devices