NuVasive Appoints New CFO And Other Executives

SAN DIEGO (AP) — Medical-device company NuVasive Inc. said Friday that it named Michael Lambert as its chief financial officer, succeeding Kevin O'Boyle.

In September, O'Boyle said that he would retire for personal reasons. He will stay on through the end of 2009.

Lambert is the former chief financial officer of Advanced Medical Optics, which was bought earlier this year by Abbott Laboratories. Advanced Medical Optics focuses on technologies used by eye-care professionals.

O'Boyle has been NuVasive's finance chief since the company went public in 2004. The company focuses on developing products for minimally disruptive surgical treatments for the spine.

NuVasive also said it named new executives in charge of several international businesses, including in Asia, Europe and the Americas.

Lambert's appointment is effective Monday.

Shares of NuVasive fell 75 cents to $36.64. The broader markets also declined.