Orthofix International N.V., (NASDAQ:OFIX) (the Company) announced today that it has appointed Brad Mason as its President and Chief Executive Officer, effective immediately. Mr. Mason succeeds Robert Vaters, who resigned to pursue other interests. As an industry veteran, Mr. Mason brings deep knowledge of the Company’s products, distribution channels, and markets, as well as proven senior leadership in both building and integrating medical device organizations.
“The Board believes that Brad is a terrific leader, who brings with him a strong track record of growth and value creation, and we welcome him back to Orthofix at a time when the Company is in a fundamentally solid position,” stated Chairman of Orthofix James Gero. “We also want to thank Bob for his many contributions over the past several years guiding the Company through difficult times and wish him well in his future endeavors.”
Former President and Chief Executive Officer Robert Vaters commented, “I am very pleased with the tremendous progress we have made navigating some challenging circumstances over the last several years and believe that the Company is now well positioned to resume its growth trajectory under Brad’s leadership. Brad’s unique expertise and strong operating performance make him the right person for the next stage of the Orthofix story.”
Brad Mason said, “I am extremely excited to come back to Orthofix and am thrilled with the potential we have. I look forward to pursuing the many opportunities we have in the markets we serve. I also want to thank the Board for their confidence in me and thank Bob for suggesting me as his successor. I am anxious to work with all of our employees and constituents to create value for our shareholders and customers.”
Mr. Mason will relocate to the Lewisville, TX area. He had previously served Orthofix from 2003 to 2010 in roles of increasing responsibility. Of the many contributions he made across the Company during that period, Mr. Mason was instrumental in driving the acquired Spinal Implants business to profitability. Mr. Mason joined the Company upon the acquisition of Breg, Inc., which he founded in 1989 and built through rapid product innovation and by maximizing distribution capabilities. In addition, he was dj Orthopedics’ (formally DonJoy, Inc.) first head of Manufacturing Operations and Product Design, where his efforts resulted in hundreds of new and innovative products during his tenure. Mr. Mason is also the named inventor on 38 issued patents in the orthopedic product arena.