- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2023-09-13T17:32:00
Medical device company Orthofix Medical announced a shake-up of its C-suite after an investigation uncovered “repeated inappropriate and offensive conduct” by top executives that forced the company to fire them for cause.
Chief Executive Keith Valentine, Chief Financial Officer John Bostjancic, and Chief Legal Officer Patrick Keran were each dismissed after a unanimous decision by the board’s independent directors. The board also requested Valentine resign from the board.
Catherine Burzik, chair of the board, has taken over as interim CEO; Geoffrey Gillespie, vice president, corporate controller, as interim CFO; and Puja Leekha, senior vice president, chief ethics and compliance officer, as interim CLO, the company said in a press release Tuesday. The appointments are effective immediately.
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Ericsson named Scott Dresser to lead its compliance division. The appointment comes the same month the Swedish telecom was notified by the Department of Justice of a second breach of its 2019 deferred prosecution agreement with the agency.
Hiltrud Werner, board member responsible for integrity and legal affairs at Volkswagen and a key figure in the Dieselgate monitorship, will leave the German automaker on Feb. 1, 2022, as part of a series of managerial changes.
Activision Blizzard announced the promotion of Jen Brewer to the role of senior vice president, ethics and compliance amid a series of other measures the embattled company is taking to enhance its culture.
