Skip to main content

Teleflex names new CFO, gives 2010 forecast

Teleflex Inc. appointed Richard (Randy) Meier as executive vice president and chief financial officer, effective the close of business today.

Meier was previously president and chief operating officer of Advanced Medical Optics, Inc., a publicly-traded $1.2 billion global ophthalmic medical device company.

"Randy brings a depth of experience to the chief financial officer role, with more than 10 years of financial and operational leadership in medical device and pharmaceutical companies," said Jeffrey P. Black, Teleflex chairman and chief executive officer, in a statement. "His proven track record leading high performance, fast-growth organizations is a great addition to our team as we execute on our strategic initiatives."

Meier succeeds Kevin K. Gordon who, as previously announced, is leaving Teleflex this month after 13 years with the company.

Meier was an executive with Advanced Medical Optics Inc. from 2002 until the company was acquired in 2009. He served as executive vice president and chief financial officer of Valeant Pharmaceuticals Inc. from 1999-2002.

Also today, Teleflex announced its financial estimates for 2010 include total revenues in excess of $1.92 billion and diluted earnings per share from continuing operations excluding special items in the range of $4.10 to $4.25, or growth between 14 and 18 percent as compared to 2009.

"During 2010 we expect to achieve consolidated core revenue growth of between 2 percent to 3 percent, led by medical segment core revenue growth of between 3 percent to 4 percent," said Black. "In addition, we expect to continue to expand our medical operating margins and anticipate they will approach 22 percent for the year."

Teleflex plans to report fourth quarter and year-end 2009 financial results Feb. 24.

Related

MARINE-CONCEPTS

Marine Concepts Names CEO

Industry veteran Terry McNew had a long tenure at MasterCraft, where he led the company through its initial public offering.

CED-MARINE

CED Marine Adds Sales Manager

Mark Sullivan previously spent more than 15 years at Navico and will cover the Southeast.

BWI-CONTEST

Writing Contest Open for Entries

Boating Writers International’s annual competition recognizes achievements in marine journalism, photography and videography.

DEALER-WEEK

MRAA’s Dealer Week Opens Tomorrow

Annual conference includes more than 20 educational sessions to help dealers adapt to the changing marketplace.

CRUISERS

Industry Mourns Cruisers Yachts Owner

K.C. Stock, who was 84, was known for his “commitment to the employees at Cruisers Yachts.”

GRANDBANKS

Grand Banks Purchases Florida Property

The parcel, which is opposite the company’s Stuart yard, has berths for up to nine boats and will increase service capabilities.

LIMESTONE-Q3

Limestone Boat Co. Posts Q3 Results

Unit production was down compared with the second quarter, and revenues decreased 33%.

SIREN-YAMAHA

Yamaha Dealers Now Carry Siren Systems

Siren Marine’s “Connected Boat” technology can be purchased and installed at more than 2,100 Yamaha outboard dealers.

Northpoint

Northpoint Expands Marine Presence

Northpoint Commercial Finance has partnered with Elite Recreational Finance to offer retail financing.