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Stock impact report

Teleflex CEO leaving company [Yahoo! Finance]

Teleflex Incorporated (TFX) 
Last teleflex incorporated earnings: 4/30 06:30 am Check Earnings Report
US:NYSE Investor Relations: teleflex.com/usa/investor/index
Company Research Source: Yahoo! Finance
Teleflex has parted ways with CEO Liam Kelly and is putting a retired board member in charge of the company on an interim basis. The company, which disclosed the changes Thursday, framed the changes as part of the transformation triggered by recent deals to sell three units for about $2 billion. Teleflex reported the leadership changes alongside a 1% reduction in the midpoint of its full-year guidance range. The company blamed the revised forecast on soft demand for heart devices. Kelly took over as CEO at the start of 2018 as part of a well-telegraphed succession plan Kelly rose through the ranks at Teleflex, joining the company in 2009 and becoming chief operating officer in 2015. The Teleflex veteran has left the company without a permanent successor. Teleflex has made Stuart Randle, a board member, interim president and CEO, effective immediately. Stephen Klasko, the company's lead director, has replaced Kelly as chairman of the board. Randle retired in 2018 after three Show less Read more
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