Latest news with #CraigBarratt
Yahoo
15-05-2025
- Business
- Yahoo
Intuitive Announces CEO Transition Effective July 1, 2025
President Dave Rosa promoted to CEOCurrent CEO Gary Guthart to become executive chair of Intuitive's boardCurrent Board Chair Craig Barratt to become lead independent director SUNNYVALE, Calif., May 15, 2025 (GLOBE NEWSWIRE) -- Intuitive (NASDAQ: ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, today announced the promotion of President Dave Rosa to chief executive officer, effective July 1, 2025. At that time, current CEO Gary Guthart will become the executive chair of Intuitive's board of directors, and current Board Chair Craig Barratt will become lead independent director. Guthart will work closely with Rosa to support a smooth transition and will remain with Intuitive in a senior advisory capacity. 'Dave's appointment as CEO is the culmination of the Board's thoughtful succession planning, reflecting his instrumental role in establishing our strategy, guiding the development of our product pipeline, and expanding the company's global footprint. We are confident he's the right leader to drive the company's next chapter of growth,' said Intuitive Board Chair Craig Barratt. 'On behalf of Intuitive's board, we thank Gary for his leadership of our company. We are fortunate that he will continue to play an important role as our next executive chair,' continued Barratt. 'And, on behalf of our customers, we thank him for the role he has played in helping Intuitive pioneer advancements in robotic-assisted surgery that optimize care and deliver better patient outcomes.' 'It has been an honor and a privilege to serve as Intuitive's CEO for the past 15 years, working alongside our talented and dedicated employees as we seek to advance minimally invasive care for healthcare teams and their patients around the world. Together, we've developed products and services that have made a positive difference for care teams and millions of their patients,' said Guthart. 'Having worked closely with Dave for decades, I am confident that his patients-first focus and deep capability in guiding Intuitive's strategy, our designs, our product and service quality, and our operational excellence make him uniquely qualified to lead our business forward,' said Guthart. 'Gary's stewardship of Intuitive has had a significant impact on patients, clinicians, and hospitals. I thank him for his work and am honored to become the next Intuitive CEO,' said Rosa. 'We are at an exciting time with a significant opportunity to advance the work that customers care most about—the Quintuple Aim—improving patient outcomes, enhancing patient and care team experience, expanding patient access to care, and ultimately lowering the total cost to treat. I look forward to building on this work alongside the entire Intuitive team to deliver on these goals and drive value for all our stakeholders,' said Rosa. A 29-year veteran with Intuitive, Rosa first joined the company as its ninth employee in March 1996. Since then, he has held leadership positions across the business, including engineering, clinical and product development, marketing, regulatory and quality affairs, and the commercial organization. Among his achievements, Rosa founded Intuitive's first clinical engineering and endoluminal groups, leading to the development and commercialization of the da Vinci SP (single port) robotic-assisted surgical system and Ion robotic bronchoscopy system. He also launched the company's Future Forward group, which identifies and develops transformational new business opportunities. Rosa assumed the role of executive vice president and chief business officer in 2019, transitioning to chief strategy and growth officer three years later. Rosa has served as Intuitive's president since 2023 and became a member of the board of directors in 2024. 2025 marks Intuitive's 30th year developing robotic-assisted technology with the goal of improving patient outcomes, improving patient and care team experience, increasing access to minimally invasive care, and lowering the total cost to treat. In Intuitive's first three decades, surgeons performed nearly 17 million da Vinci procedures, and nearly 90,000 surgeons have been trained to use Intuitive's systems. Contact: Peper Long, IntuitiveGlobal Public Affairs 1-202-997-7373 About IntuitiveIntuitive (NASDAQ: ISRG), headquartered in Sunnyvale, California, is a global leader in minimally invasive care and the pioneer of robotic surgery. Our technologies include the da Vinci surgical system and the Ion endoluminal system. By uniting advanced systems, progressive learning, and value-enhancing services, we help physicians and their teams optimize care delivery to support the best outcomes possible. At Intuitive, we envision a future of care that is less invasive and profoundly better, where disease is identified early and treated quickly, so that patients can get back to what matters most. Forward-Looking StatementsThis press release contains forward-looking statements which relate to expectations concerning matters that are not historical facts. Statements using words such as 'estimates,' 'projects,' 'believes,' 'anticipates,' 'plans,' 'expects,' 'intends,' 'may,' 'will,' 'can,' 'could,' 'should,' 'would,' 'targeted,' 'potential,' and similar words and expressions are intended to identify forward-looking statements. These forward-looking statements are necessarily estimates reflecting the judgment of Intuitive's management and involve a number of risks and uncertainties that could cause actual results or impacts on its operations, financial performance, and business position to differ materially from those suggested by the forward-looking statements. These forward-looking statements include, but are not limited to, statements related to research and development of products and services, manufacturing of products, obtaining of regulatory approvals, technical and other performance of products and services, and making products and services available to more patients and health care professionals. These forward-looking statements should be considered in light of various important factors and involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements of Intuitive, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements include, among others, economic conditions in the geographic markets in which we operate, changes in governmental regulations, regulatory approval priorities, resources, and timelines, regulatory enforcement priorities, governmental investigations and civil litigation, and other factors discussed in Intuitive's Annual Reports and other filings with relevant securities regulators. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release and which are based on current expectations and are subject to risks, uncertainties, and assumptions that are difficult to predict, including those risk factors identified under the heading 'Risk Factors' in Intuitive's Annual Report on Form 10-K for the year ended December 31, 2024, as updated by its other filings with the U.S. Securities and Exchange Commission. Intuitive's actual results may differ materially and adversely from those expressed in any forward-looking statements, and it undertakes no obligation to publicly update or release any revisions to these forward-looking statements, except as required by law.
Yahoo
29-03-2025
- Business
- Yahoo
Astera Labs (NasdaqGS:ALAB) Appoints Dr. Craig Barratt To Board As Stock Falls 15% Last Week
Astera Labs recently launched its Scorpio Smart Fabric Switches, aiming to enhance AI and cloud infrastructure performance. Additionally, the company expanded its Cloud-Scale Interop Lab and appointed Dr. Craig Barratt to the board, reflecting a focus on innovation and leadership. Despite these advancements, the company's share price declined by 15% over the past week. This downturn coincided with a broader market retreat of 1.8%, fueled by concerns over new tariffs and falling technology stocks. While these macroeconomic pressures likely influenced investor sentiment, Astera's long-term growth initiatives remain noteworthy. Every company has risks, and we've spotted 2 possible red flags for Astera Labs you should know about. We've found 21 US stocks that are forecast to pay a dividend yeild of over 6% next year. See the full list for free. Astera Labs experienced an 18.08% decline in total shareholder returns over the past year, lagging behind both the US Market's 5.5% and the Semiconductor industry's 2.5% increases during the same period. Key influences included the volatile nature of its share price, highlighted by significant fluctuations over recent months. Despite displaying strong revenue growth, rising from US$115.79 million to US$396.29 million, the company faced a net loss of US$83.42 million for the financial year. Moreover, the announcement of new products like the PCIe® 6-ready Scorpio Smart Fabric Switches may have added short-term expectations that did not immediately translate into profitability. Further impacting investor sentiment was the substantial insider selling that occurred in the past quarter, coupled with company shares being priced higher than industry averages based on Price-To-Sales ratios. These factors, amidst high hopes for upcoming profitability milestones, likely contributed to the overall decline in long-term shareholder returns. Take a closer look at Astera Labs' potential here in our financial health report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqGS:ALAB. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
