Globus Medical
(NYSE: GMED)
announced that it promoted CFO Keith Pfeil to the position of chief operating officer (COO).
Pfeil first took over the CFO post in August 2019. Globus Medical hopes his new expanded role can help further drive its strategic roadmap through business and operational planning in addition to financial performance management.
He continues reporting to Globus President and CEO Dan Scavilla.
“I am excited to take on the role of COO in addition to my current role of CFO, as Globus continues to build on the momentum we have created to transform our industry and help change more patient lives around the globe,” said Pfeil. “I look forward to continuing to work with our board of directors, Dan and the executive leadership team to further realize our growth potential.”
His responsibilities include overseeing all day-to-day operational activities of the corporation. This ensures strong growth and profit while Pfeil also oversees all finance activities at the Audobon, Pennsylvania-based orthopedic giant.
The promotion for Pfeil comes at an interesting time for Globus, which became the world’s second-largest spine tech company behind Medtronic following its merger with NuVasive last year. Despite ongoing progress with merger integration, the company decided to lay off 157 workers in California last month.
“With a track record of over 20 years of high-performance industry experience, including the past four years with Globus, Keith has demonstrated operational and financial leadership and a deep passion for our business,” Scavilla said. “I am confident he will help us continue to unlock operational efficiency, deliver the next phase of profitable growth, and ensure a successful transition through our ongoing integration following our merger with NuVasive, which continues to progress according to plan.”