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Biography
2023: Dismissal
On September 12, 2023, American medical device manufacturer Orthofix Medical announced the dismissal of Chief Executive Officer Keith Valentine, Chief Financial Officer John Bostjancic and Chief Legal Officer Patrick Keran. They are convicted of inappropriate behavior and repeated violations of the labor code.
Orthofix said in an official statement that the decision was unanimously taken by the board after an internal investigation. An independent legal consultant was involved in assessing the situation.
 | As a result of the investigation, the board of directors found that each of the named executives repeatedly allowed inappropriate and offensive actions that violated numerous requirements of the code of conduct, which does not correspond to the values and culture of the company. These issues are not related to and do not affect Orthofix's strategy, results of operations or previously presented financial statements, the manufacturer of medical devices said in a statement. |  |
Orthofix Chairman Catherine Burzik has been appointed interim CEO of the company. Geoffrey Gillespie, vice president and chief accountant controller of Orthofix, has been temporarily appointed to the post of CFO. The duties of the Chief Legal Officer will be temporarily performed by Puja Leekha, Senior Vice President, Director of Ethics and Compliance at Orthofix. In addition, the company's board required Valentine to resign from the board of directors. All changes take effect immediately. Orthofix set about finding permanent successors to the sacked executives.[1]
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