Merit Medical President Joe Wright Resigns

Merit Medical Systems has revealed that president Joseph C. Wright has resigned. This will take effect on January 3, 2025.

The company noted that before Wright’s resignation, Merit received notice of allegations concerning his conduct. Merit’s independent directors investigated these claims with the help of independent counsel. The allegations were not related to Merit’s operations or financial performance, the company assured.

Due to this resignation, Merit’s board of directors has reappointed Fred P. Lampropoulos as the company’s president. Lampropoulos has previously announced his retirement to take place at the end of 2025.

Joseph Wright was named as Merit’s president in May of this year. He joined the company in 2005, serving in a variety of positions and eventually elevating to chief commercial officer before he was named president of the company.

Prior to that, Wright was president of Merit Technology Group, heading Merit OEM, Merit Sensor, and MCTec B.V. He was also the VP of global marketing for Merit. He oversaw creation of Merit China in Beijing during his tenure and established Merit Asia in Hong Kong. Before joining Merit, Wright had sales, marketing, and business development roles in Motorola and Micron.

In September, Merit signed a definitive asset purchase agreement to purchase Cook Medical’s lead management portfolio for a total cash consideration of approximately $210 million.