DJO Global hails departing chief operating officer

DJO Global has hailed the achievements of chief operating officer Luke Faulstick after announcing he will be departing the organisation next year.

Mr Faulstick will be leaving the medical technology firm in early February 2012 to join the privately-owned power transmission manufacturer Power Partners in the role of president, chief executive officer and co-owner.

During his time at DJO Global, he has been responsible for the assembly of an award-winning leadership team, which has been instrumental in helping the company to streamline its operations over the last decade.

Mike Mogul, president and chief executive officer of DJO Global, said the company is well-positioned to successfully transition Mr Faulstick's leadership thanks to these initiatives.

"We are grateful for Luke's contributions over the years and wish him well in his new endeavours," he said.

Last month, the company announced its financial results for the third quarter of 2011, which reflected a year-on-year growth in net sales of 12.7 percent.