Insulet CEO Shacey Petrovic says she didn’t jump immediately at the chance to join the company.
In an interview with the DeviceTalks Weekly Podcast, Petrovic, who was serving as CEO of a women’s health company when CEO-Patrick Sullivan, her former boss at Cytyc, called her with an offer to serve as Insulet’s chief commercial officer
“I said, `Well, Pat, I’m a CEO now, you know, didn’t you hear?,” she joked.
A chief commercial officer role might be seen as a backward step from CEO, but Sullivan framed the question differently. He told Petrovic that he came out of retirement to take the CEO role and didn’t want to a long stint as CEO. “He said, `This could be your opportunity to eventually run a public company. If it goes well, I need a successor, the technology is remarkable, and together we can fix this problem.’”
A path the CEO role at a publicly traded company was certainly appealing. But Petrovic had more personal reason for the job.
”My father lives with Type 1 diabetes,” Petrovice says. “I’d really grown up with the disease and I know about its impact on families and people. So I was immediately taken with the technology and the opportunity. That’s really what convince me to come over.”
Petrovic took over the CEO role in 2019, and the company is building on the technology that impressed her so much.
In the podcast, Petrovic discussed (links will take you to exact point in interview)
- How the company is engaging the diabetes community.
- Why it moved away from selling its Omnipod glucose delivery devices as a durable good.
- What partnerships with DexCom and Abbott will bring
- How mobile phones might bolster diabetes management in the future.
We’ll also hear from how our sponsors PSNLabs and PackworldUSA can help you.
Well also hear from Dr. Niki Panich, a practicing physician who is now CEO of a company that can help hospitals and health care facilities process their N95 masks on site. Dr. Panich will be a speaker on this Monday’s DeviceTalks Clubhouse series.
Finally, Chris Newmarker delivers the big Newmarkers Newsmakers of the week involving Baxter, Adaptive Biotechnologies, Boston Scientific, Abbott, and AdvaMed.
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