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Exactech announced that Aurelio Sahagun will serve as the Chief Executive Officer of the new company’s business upon the closing of its pending sale, which is expected as soon as October. Mr. Sahagun will succeed current CEO Darin Johnson, who will assist in the leadership transition and will assume a strategic advisory role for the new company.
Exactech continues to execute on its restructuring process, with expected sale closing as soon as October.
Mr. Sahagun brings over 20 years of experience in the medical device industry, with expertise in guiding products from development to distribution with enhanced financial outcomes. Mr. Sahagun most recently served as the President, North America, of the Straumann Group, a global provider of orthodontic solutions and implants, where he helped drive double-digit sales CAGR and a significant increase in the segment’s profitability. Previously, Mr. Sahagun was the President of Microport Orthopedics and served in various leadership positions for other medical device companies, including Wright Medical Technology and Medtronic.
“I’m excited to pass the baton to Aurelio following the Company’s successful closing of the sale to new ownership,” said Mr. Johnson. “Aurelio is well-equipped to lead the new company with his vast experience in driving excellent results for innovative medical devices and implants. I am impressed by Aurelio’s people-first approach that is highly consistent with Exactech’s culture and core values. It’s been a great honor to lead Exactech for the past six years, following over two decades at the Company working alongside our impressive team providing innovative products for our surgeon partners and patients, and I am confident Aurelio is the right leader for the new company.”
“I’m thrilled to join the company at this important juncture,” added Mr. Sahagun. “The people, products and culture that have been cultivated throughout the Company’s 40-year history are recognized across the industry and will bolster the mission and success of the ‘new Exactech.’ I’m looking forward to working with the team to execute on our strategic priorities upon emergence, including driving the continued success of the impressive product portfolio and maintaining strong financial performance as a new company. I would echo Darin’s sentiment that the Exactech team brings unmatched industry-knowledge, dedication and enthusiasm, and I know we will continue to facilitate improved outcomes for surgeons and their patients as an even stronger new company for years to come.”
Clara Anderson, Managing Director at Strategic Value Partners, said: “Aurelio Sahagun is an exceptional leader who joins as Exactech is positioned to enter a new chapter, focused on achieving an industry-leading standard of quality across manufacturing and its broader operations. We look forward to working with Aurelio and the broader team to ensure the ‘new Exactech’ begins its next phase on the strongest possible footing.”
In March, a group of investors, including Strategic Value Partners, Stellex Capital Management and Greywolf Capital Management, was designated as the winning bidder to acquire substantially all of Exactech’s operations and assets.
Source: Exactech
Exactech announced that Aurelio Sahagun will serve as the Chief Executive Officer of the new company's business upon the closing of its pending sale, which is expected as soon as October. Mr. Sahagun will succeed current CEO Darin Johnson, who will assist in the leadership transition and will assume a strategic advisory role for the new...
Exactech announced that Aurelio Sahagun will serve as the Chief Executive Officer of the new company’s business upon the closing of its pending sale, which is expected as soon as October. Mr. Sahagun will succeed current CEO Darin Johnson, who will assist in the leadership transition and will assume a strategic advisory role for the new company.
Exactech continues to execute on its restructuring process, with expected sale closing as soon as October.
Mr. Sahagun brings over 20 years of experience in the medical device industry, with expertise in guiding products from development to distribution with enhanced financial outcomes. Mr. Sahagun most recently served as the President, North America, of the Straumann Group, a global provider of orthodontic solutions and implants, where he helped drive double-digit sales CAGR and a significant increase in the segment’s profitability. Previously, Mr. Sahagun was the President of Microport Orthopedics and served in various leadership positions for other medical device companies, including Wright Medical Technology and Medtronic.
“I’m excited to pass the baton to Aurelio following the Company’s successful closing of the sale to new ownership,” said Mr. Johnson. “Aurelio is well-equipped to lead the new company with his vast experience in driving excellent results for innovative medical devices and implants. I am impressed by Aurelio’s people-first approach that is highly consistent with Exactech’s culture and core values. It’s been a great honor to lead Exactech for the past six years, following over two decades at the Company working alongside our impressive team providing innovative products for our surgeon partners and patients, and I am confident Aurelio is the right leader for the new company.”
“I’m thrilled to join the company at this important juncture,” added Mr. Sahagun. “The people, products and culture that have been cultivated throughout the Company’s 40-year history are recognized across the industry and will bolster the mission and success of the ‘new Exactech.’ I’m looking forward to working with the team to execute on our strategic priorities upon emergence, including driving the continued success of the impressive product portfolio and maintaining strong financial performance as a new company. I would echo Darin’s sentiment that the Exactech team brings unmatched industry-knowledge, dedication and enthusiasm, and I know we will continue to facilitate improved outcomes for surgeons and their patients as an even stronger new company for years to come.”
Clara Anderson, Managing Director at Strategic Value Partners, said: “Aurelio Sahagun is an exceptional leader who joins as Exactech is positioned to enter a new chapter, focused on achieving an industry-leading standard of quality across manufacturing and its broader operations. We look forward to working with Aurelio and the broader team to ensure the ‘new Exactech’ begins its next phase on the strongest possible footing.”
In March, a group of investors, including Strategic Value Partners, Stellex Capital Management and Greywolf Capital Management, was designated as the winning bidder to acquire substantially all of Exactech’s operations and assets.
Source: Exactech
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JV
Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.
