Exciting Leadership Transition at Integer Holdings Corporation
Integer Holdings Corporation's Leadership Transition
Integer Holdings Corporation (NYSE: ITGR), a prominent player in the medical device contract development and manufacturing sector, is about to embark on a significant leadership transition. Joseph Dziedzic, the current President and CEO, is set to retire, with the change taking effect on October 24, 2025. This pivotal moment marks not only the end of Dziedzic's impactful tenure but also the beginning of a new chapter with Payman Khales stepping into the role of President and CEO.
Celebrating Leadership Achievements
Reflecting on his eight years at the helm, Dziedzic has been instrumental in steering the company towards growth and innovation. Under his guidance, Integer has cultivated a high-performance culture that emphasizes strategic vision and execution, leading to substantial advancements in addressing unmet patient needs. Pamela G. Bailey, Chair of the Board, expressed gratitude for Dziedzic's leadership, highlighting how his efforts have not only shaped the company’s business focus but also promoted market responsiveness.
Key Contributions of Joseph Dziedzic
During his tenure, Dziedzic implemented crucial strategies aimed at penetrating high-growth markets and enhancing operational efficiency. He was pivotal in the development of the Integer Production System, a framework designed to streamline manufacturing processes and boost productivity. The company has witnessed above-market organic sales growth alongside expanding profit margins, positioning it favorably for future endeavors.
The Transition Plan
To ensure a seamless transition, Dziedzic will remain on as an advisor until March 31, 2026. His continued involvement will be crucial as Khales assumes his new role. Khales, who has been with Integer since 2018, will bring his extensive experience and track record of success to the position of CEO. He has already proven his leadership capabilities by doubling sales in the Cardio & Vascular division and implementing strategies that led to impressive market growth.
Mr. Payman Khales: The New CEO
Khales' promotion is viewed as a natural progression within the company. He has demonstrated exemplary leadership as COO, overseeing both business units and playing a significant role in executing Integer's broader strategic goals. His commitment to innovation and quality aligns perfectly with Integer's vision, making him an ideal candidate to lead the company forward.
Payman Khales' Vision for Integer
Excited about his new role, Khales emphasized his eagerness to build upon Integer's strong foundation. He is particularly focused on enhancing the company’s capabilities and fostering collaborations that deliver groundbreaking medical devices to patients across the globe. His previous experience, which includes leadership roles at CECO Environmental Corp. and Ingersoll Rand, complements his broad skill set.
Integer's First Quarter 2025 Results
Alongside the announcement of leadership changes, Integer also released its financial results for the first quarter of 2025, further demonstrating its stability in a competitive market. The company has scheduled a conference call to discuss these results, providing investors and stakeholders with key insights into its performance and strategic direction.
About Integer Holdings Corporation
Integer Holdings Corporation (NYSE: ITGR) stands at the forefront of the medical device industry, recognized for its commitment to innovation and high-quality manufacturing. It serves vital segments such as cardiac rhythm management and neuromodulation, among others. By partnering with various medical device companies and OEMs, Integer is dedicated to improving patient outcomes globally with advanced medical technologies. With a robust portfolio including brands like Greatbatch Medical, the company is positioned for sustained growth.
Frequently Asked Questions
What prompted the leadership change at Integer Holdings Corporation?
Joseph Dziedzic is retiring after eight years as CEO, leading to the appointment of Payman Khales as his successor.
When will the transition to Payman Khales as CEO take place?
The official transition will occur on October 24, 2025.
What has Joseph Dziedzic accomplished during his tenure?
Dziedzic has focused on creating a performance-driven culture, strategic market growth, and enhancing operational systems.
What experience does Payman Khales bring to his new position?
Khales joined Integer in 2018 and has successfully led the Cardio & Vascular division, enhancing its market presence and financial performance.
How is Integer Holdings Corporation positioned for future growth?
With a strong strategy and leadership in place, Integer is focused on innovation and high-quality manufacturing in the medical device sector.
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