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Merit Medical Announces Resignation of President, Joseph Wright

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Merit Medical Systems (NASDAQ: MMSI) announced the resignation of President Joseph C. Wright, effective January 3, 2025, following allegations regarding his conduct that were investigated by independent directors and counsel. The allegations were unrelated to Merit's operations or financial performance. Fred P. Lampropoulos has been re-appointed as Merit's President. Merit Medical, founded in 1987, is a global healthcare technology company specializing in proprietary disposable medical devices for interventional, diagnostic, and therapeutic procedures. The company employs approximately 7,200 people worldwide and maintains a sales force and clinical support team of over 700 individuals serving hospitals globally.

Merit Medical Systems (NASDAQ: MMSI) ha annunciato le dimissioni del Presidente Joseph C. Wright, effettive dal 3 gennaio 2025, a seguito di accuse riguardanti il suo comportamento, oggetto di indagini da parte di direttori e consulenti indipendenti. Le accuse non erano collegate alle operazioni o alle performance finanziarie di Merit. Fred P. Lampropoulos è stato nuovamente nominato Presidente di Merit. Merit Medical, fondata nel 1987, è una società globale di tecnologia sanitaria che si specializza in dispositivi medici usa e getta proprietari per procedure interventistiche, diagnostiche e terapeutiche. L'azienda impiega circa 7.200 persone in tutto il mondo e mantiene una forza vendita e un team di supporto clinico di oltre 700 persone che servono ospedali a livello globale.

Merit Medical Systems (NASDAQ: MMSI) anunció la renuncia del Presidente Joseph C. Wright, efectiva a partir del 3 de enero de 2025, tras alegaciones sobre su conducta que fueron investigadas por directores y asesores independientes. Las alegaciones no estaban relacionadas con las operaciones o el rendimiento financiero de Merit. Fred P. Lampropoulos ha sido reafirmado como Presidente de Merit. Merit Medical, fundada en 1987, es una empresa global de tecnología de salud que se especializa en dispositivos médicos desechables patentados para procedimientos intervencionistas, diagnósticos y terapéuticos. La empresa emplea aproximadamente a 7,200 personas en todo el mundo y cuenta con un equipo de ventas y soporte clínico de más de 700 individuos que atienden hospitales a nivel global.

Merit Medical Systems (NASDAQ: MMSI)는 독립적인 이사 및 자문에 의해 조사된 행동에 대한 혐의로 인해 Joseph C. Wright 회장이 2025년 1월 3일부로 사임한다고 발표했습니다. 해당 혐의는 Merit의 운영이나 재무 성과와는 관련이 없었습니다. Fred P. Lampropoulos가 Merit의 회장으로 재임명되었습니다. Merit Medical은 1987년에 설립된 글로벌 헬스케어 기술 회사로, 중재적, 진단적, 치료적 절차를 위한 독점적인 일회용 의료 기기를 전문으로 합니다. 이 회사는 전 세계적으로 약 7,200명의 직원을 고용하고 있으며, 700명 이상의 개인으로 구성된 영업팀과 임상 지원팀을 운영하여 전 세계 병원에 서비스를 제공합니다.

Merit Medical Systems (NASDAQ: MMSI) a annoncé la démission du président Joseph C. Wright, effective à compter du 3 janvier 2025, suite à des allégations concernant sa conduite qui ont été l'objet d'une enquête par des directeurs et des conseillers indépendants. Les allégations n'étaient pas liées aux opérations ou à la performance financière de Merit. Fred P. Lampropoulos a été réappointé président de Merit. Merit Medical, fondée en 1987, est une entreprise mondiale de technologie de la santé spécialisée dans les dispositifs médicaux jetables brevetés pour les procédures d'intervention, de diagnostic et thérapeutiques. L'entreprise emploie environ 7 200 personnes dans le monde et dispose d'une force de vente et d'une équipe de soutien clinique de plus de 700 individus servant des hôpitaux à l'échelle mondiale.

Merit Medical Systems (NASDAQ: MMSI) gab die Rücktritt von Präsident Joseph C. Wright bekannt, der am 3. Januar 2025 wirksam wird, nachdem Vorwürfe über sein Verhalten von unabhängigen Direktoren und Beratern untersucht wurden. Die Vorwürfe hatten keinen Bezug zu den Geschäftsabläufen oder der finanziellen Leistung von Merit. Fred P. Lampropoulos wurde erneut zum Präsidenten von Merit ernannt. Merit Medical, gegründet 1987, ist ein globales Unternehmen für Gesundheitstechnologie, das sich auf proprietäre Einweg-Medizinprodukte für interventionelle, diagnostische und therapeutische Verfahren spezialisiert hat. Das Unternehmen beschäftigt weltweit etwa 7.200 Mitarbeiter und unterhält ein Vertriebs- und klinisches Unterstützungsteam von über 700 Personen, die weltweit Krankenhäuser bedienen.

Positive
  • Quick leadership transition with immediate re-appointment of experienced former president
  • Allegations unrelated to company operations and financial performance
  • Maintains stable workforce of 7,200 employees and 700+ sales/support staff
Negative
  • Sudden executive leadership change could create short-term organizational uncertainty
  • Potential reputational impact from president's conduct-related resignation

SOUTH JORDAN, Utah, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI) (“Merit” or the “Company”), a global leader of healthcare technology, today announced the resignation of its President, Joseph C. Wright, effective January 3, 2025.

The Company noted that prior to Mr. Wright’s resignation, Merit had received notice of allegations regarding his conduct, which Merit’s independent directors investigated with the assistance of independent counsel. The allegations were unrelated to Merit’s operations or financial performance.

Based upon Mr. Wright’s resignation, Merit’s Board of Directors has re-appointed Fred P. Lampropoulos as Merit’s President.

ABOUT MERIT MEDICAL Founded in 1987, Merit Medical Systems, Inc. is engaged in the development, manufacture, and distribution of proprietary disposable medical devices used in interventional, diagnostic, and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care, and endoscopy. Merit serves client hospitals worldwide with a domestic and international sales force and clinical support team totaling more than 700 individuals. Merit employs approximately 7,200 people worldwide. 

CONTACTS 
PR/Media Inquiries 
Sarah Comstock 
Merit Medical 
+1-801-432-2864 | sarah.comstock@merit.com 


FAQ

When will Merit Medical (MMSI) President Joseph Wright's resignation take effect?

Joseph Wright's resignation from Merit Medical will take effect on January 3, 2025.

Who will replace Joseph Wright as President of Merit Medical (MMSI)?

Fred P. Lampropoulos has been re-appointed as Merit Medical's President following Wright's resignation.

What led to Joseph Wright's resignation from Merit Medical (MMSI)?

Wright's resignation followed allegations regarding his conduct, which were investigated by Merit's independent directors with assistance from independent counsel.

Were the allegations against Merit Medical's (MMSI) President related to company operations?

No, the allegations were explicitly stated to be unrelated to Merit's operations or financial performance.

How many employees does Merit Medical (MMSI) currently have?

Merit Medical currently employs approximately 7,200 people worldwide, including a sales force and clinical support team of over 700 individuals.

Merit Medical Systems Inc

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Medical Instruments & Supplies
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