Integer Holdings Loses its President and CEO

Integer Holdings Corporation, a medical device outsource (MDO) manufacturer, has announced that Thomas J. Hook has stepped down as president and CEO, effective immediately. Hook will continue to serve as a director of Integer until the 2017 annual stockholders meeting, but he will not stand for re-election to the board. 
 
“It has been an honor to lead Integer for 13 years, the last 11 as CEO. I am proud of what we have accomplished as a team, and I strongly believe that Integer has the strengths and capabilities to continue its growth in our industry,” Hook said. “It has been my great privilege to work with dedicated associates at Integer and with customers around the world. I am grateful for the commitment and hard work of the Integer team as we have established our company as a global MDO leader with best in class performance.” 
 
Joseph W. Dziedzic, who has served as a director of Integer since February 2013, has been appointed by Integer’s Board of Directors to serve as interim president and CEO. Dziedzic previously was executive vice president and chief financial officer for The Brink’s Company from 2009 to 2016. Prior to joining The Brink’s Company in 2009, Dziedzic had a 20-year career with General Electric, including leadership roles in six different businesses, including General Electric Medical Systems.
 
Integer’s Board of Directors has initiated a search for Hook’s replacement, retaining Russell Reynolds Associates, an executive search firm, to help with the process. In addition, Integer’s board has formed an ad-hoc Transition Committee to support the CEO search and provide assistance in the transition to the new president and CEO.
 
“On behalf of the board, we want to thank Tom for his contributions to Integer,” Board Chairman Bill Sanford said. “Much has been achieved under his leadership, and we wish him continued success in his future endeavors. Given our sound financial footing and the substantial completion of the Lake Region Medical integration, the board and Tom agree that now is the right time to transition leadership for Integer’s next period of growth. We are pleased that Joe Dziedzic will serve as Interim CEO. Joe has been an active and valuable contributor to the Integer board and has a deep understanding of our business.”
 
“I look forward to working with the Integer management team to continue executing our strategy of delivering innovative, cost-effective solutions to our customers while generating profitable growth for our company,” Dziedzic said.
 
Integer Holdings Corporation is one of the largest medical device outsource manufacturers in the world serving the cardiac, neuromodulation, orthopedics, vascular, advanced surgical, and portable medical markets. The company also develops batteries for high-end niche applications in energy, military, and environmental markets. The company’s brands include Greatbatch Medical, Lake Region Medical, and Electrochem.