Covidien CEO to retire, successor named

Jeff Byers | | Health Exec | Precision Medicine
The board of directors of Covidien announced that Richard J. Meelia will retire as president and CEO, effective July 1. Jose E. Almeida, president of Covidien’s Medical Devices business segment, has been elected to succeed Meelia as president and CEO.

Meelia will serve as non-executive chairman of the board for a transition period of up to one year following his retirement as CEO, stated the company.

Almeida was appointed to his current position as head of medical devices in October 2006. The medical devices business accounts for about two-thirds of Covidien’s total annual revenue and three-quarters of its operating profit.

Jeff Byers

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