Orthofix ousts top execs for ‘offensive conduct’; CECO among interim successors

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.