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Wright Medical Names New CEO
Wright Medical Group (WMGI Quote), best known for its replacement hips, now has a replacement CEO.
The orthopedics firm Monday announced that 53-year-old Laurence Fairey will become president and CEO on July 1 and retain the seat on Wright's board that he's held since January. Barry Bays, Wright's first CEO and president, will become the company's executive chairman, leaving the post he assumed in January 2000.
Shares of Wright dropped 54 cents, or 1.5%, to $35.37. ...
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