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Home Industry News Covidien CEO to take on new chairman role

Covidien CEO to take on new chairman role

24th January 2012

Covidien has announced that its chief executive officer (CEO) Jose Almeida will be taking on additional responsibilities as chairman of the board.

Mr Almeida has been elected to the new role effective from March 13th 2012, succeeding Richard Meelia, who is stepping down after agreeing to fill the position for up to a year following his retirement as CEO last July.

The new chairman and CEO has been with the company since 1995, when it was known as Tyco Healthcare, and ascended to the top position following Mr Meelia's decision to step down.

Timothy Donahue, lead director of the company's board, praised Mr Almeida for the value he has brought to the organisation since becoming president and CEO.

"His drive to create long-term shareholder value and his vast knowledge of the global healthcare marketplace significantly enhances the company's already strong prospects for sustained growth and progress," he said.

This comes in the same week that Covidien appointed Stacy Enxing Seng as president of its vascular therapies business unit.ADNFCR-8000103-ID-801273371-ADNFCR

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