Orthofix appoints new chief executive officer

Orthofix has announced the appointment of Brad Mason as its new president and chief executive officer with immediate effect.

Mr Mason returns to the company after serving with Orthofix in positions of increasing responsibility between 2003 and 2010, during which time he played a key role in helping the acquired spinal implants business to achieve profitability.

As such, he can offer deep knowledge of the firm's products, distribution channels and markets, as well as significant experience in leadership positions within the medical device industry.

He has been appointed as the successor to former chief executive Robert Vaters, who is leacing Orthofix in order to pursue new opportunities.

James Gero, Orthofix's chairman, said: "The board believes that Brad is a terrific leader … and we welcome him back to Orthofix at a time when the company is in a fundamentally solid position."

Last month, Orthofix announced its financial results for 2012, a period that saw the firm exceed its multi-year margin expansion goals.