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Coloplast interim CEO Lars Rasmussen will step down from the Board at the upcoming Annual General Meeting
Globenewswire· 2025-10-09 15:52
Core Points - Coloplast's interim CEO Lars Rasmussen will not seek re-election to the Board at the upcoming Annual General Meeting on December 4, 2025 [1] - Lars Rasmussen has served Coloplast for nearly four decades, including 10 years as CEO and 7 years as Chair of the Board, significantly contributing to its transformation into a leading global MedTech company [2][5] - The company is entering a new phase with the implementation of its Impact4 strategy, which aims to enhance customer focus and support the goal of helping 4 million people in the long term [4][7] Leadership Transition - Jette Nygaard-Andersen will continue as interim Chair of the Board, leading the company during this transition period [5] - Niels B. Christiansen is proposed as a new Board member, with expectations to become Chair by December 2026 [6][7] - The Board is focused on strong succession planning and continuity, with unanimous support for the announced leadership changes [8] Company Mission and Vision - Coloplast's mission is to make life easier for individuals with intimate healthcare needs, driven by a commitment to innovation and empathy [11] - The company operates in various business areas, including Ostomy Care, Continence Care, Voice and Respiratory Care, Wound and Tissue Repair, and Interventional Urology [11]
Steve Sanghi to Continue as Microchip CEO and President on a Permanent Basis
Globenewswire· 2025-07-02 20:15
Core Viewpoint - Microchip Technology Incorporated has appointed Steve Sanghi as the permanent Chief Executive Officer and President, after serving in an interim capacity since November 2024 [1][2]. Group 1: Leadership Changes - Steve Sanghi has been with Microchip for over 30 years and previously served as CEO until 2021 [1][2]. - The Board of Directors expressed confidence in Sanghi's leadership, highlighting his decisive actions in implementing a recovery plan to restore the company's industry leadership [2]. Group 2: Recovery Plan - Sanghi noted that while several elements of the recovery plan have been completed or substantially implemented, achieving the long-term operating model will require ongoing efforts [2]. Group 3: Company Overview - Microchip Technology is a leading provider of smart, connected, and secure embedded control solutions, serving approximately 109,000 customers across various markets including industrial, automotive, consumer, aerospace, defense, communications, and computing [3]. - The company is headquartered in Chandler, Arizona, and offers comprehensive product portfolios and development tools to reduce risk and lower total system costs [3].