Hip and knee replacement specialist Corin has named Stefano Alfonsi as its new Chief Executive Officer and acting Chairman.
The appointment follows the group's takeover by investment vehicle 2IL Orthopaedics in a 70p per share cash offer valuing the company at around £30.5m.
Corin confirmed that Peter Huntley, Linda Wilding and David Young have all resigned.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Marco Fumagalli, Enrico Amo and Pierluca Antolini, all of whom are directors at 2IL Orthopaedics, have been appointed to the board of Corin as non-executive directors.
Stefano Alfonsi, who will start work at Corin following a short transitional period, is currently employed by the medical devices company Inion.
Alfonsi has also held senior positions at Johnson and Johnson, DePuy and Covidien and most recently as Chief Executive Officer of Lima.
CJ
-
How much should I have in emergency savings?When your boiler breaks or your car won’t start, you can find yourself paying a hefty bill. How much should you have in emergency savings to cover unexpected costs?
-
ISA investments by age: should I invest more in my stocks and shares ISA?Stocks and shares ISAs are a great way to grow long-term wealth, but are they overlooked compared to cash savings? We look the average ISA investment by age and if you should have more.
