Monday, September 26, 2011

Former DePuy President Lands New Job as Orthopaedics Industry Trade Association CEO

 (exerpts from an article posted on Rottenstein's site combined with the OrthoWorx press release.)

DePuy hip replacement recall watchers may remember last March when David Floyd announced that he was resigning as president of DePuy Orthopaedics, Johnson & Johnson’s artificial orthopedic implant subsidiary. At the time DePuy’s spokesperson said that he was “pursuing outside interests.” On September 4, 2011, the Fort Wayne Journal Gazette reported that he has now been named the CEO of OrthoWorx, a trade organization for the orthopedic implant industry.

Floyd co-founded OrthoWorx, which is also located in Warsaw, Indiana, which it describes as the “orthopedics capital of the world.” Floyd’s career is filled with other top positions at orthopedic companies.

“We are delighted that David has agreed to join our organization,” chairwoman Cheryl Blanchard said in prepared remarks. “David’s industry experience as the global head of a multi-billion dollar orthopedic enterprise, his leadership in the creation and launch of OrthoWorx, and his deep connections to the Warsaw community make him ideally suited for this position.”

Floyd was a founding member of the OrthoWorx board, where he served until shortly after leaving DePuy. Named president of division in Sept. 2007, after coming over from Abbott’s (NYSE:ABT) spine division, his arrival was accompanied by some fanfare due to his connections to Warsaw – he was an executive at Warsaw-based Zimmer Holdings (NYSE:ZMH) and went to college in the area, according to a 2007 article in the Journal Gazette.

“I am delighted to join OrthoWorx and to be able to draw on my experiences in leadership and in the orthopedic industry in a different way – to help the Warsaw region continue to thrive as the orthopedic capital of the world,” he said in prepared remarks. “The orthopedic industry has been a great Indiana success story and I believe it can continue to be a powerful driver of our region’s overall economy.”
OrthoWorx was established “to advance and support growth and innovation within the region’s uniquely concentrated, globally significant orthopedics device sector,” according to its website. It’s funded in part by the Lilly Endowment and was founded in 2009.

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