(Reuters) – Masimo said on Tuesday it has named Becton Dickinson executive Katie Szyman as chief executive officer after a bitter proxy battle with activist hedge fund Politan Capital Management led to the ouster of founder Joe Kiani from the medical device maker’s board last year.
Kiani subsequently stepped down from his role as CEO, with Politan nominee Michelle Brennan taking up the role in the interim.
Brennan was appointed chairman of Masimo’s board and Politan founder Quentin Koffey was named vice chairman, Masimo also said, adding that the new appointments will be effective on Feb. 12.
(Reporting by Mariam Sunny in Bengaluru; Editing by Alan Barona)
Comments