Bill Sanford will retire as chair of the Integer Holdings (NYSE: ITGR) board of directors at the end of the company’s annual shareholder meeting on May 18, the company said today.
The Plano, Texas-based medical device outsource manufacturer said its board plans to appoint former AdvaMed CEO Pam Bailey as the next chair. Bailey has served on Integer’s board since 2002 and “has been an integral part of developing the strategic direction of Integer,” Integer President and CEO Joe Dziedzic said in a news release.
“On behalf of the Integer Board of Directors, I wish to thank Bill for his immense contribution and insightful leadership over the past 22 years serving on the Integer board, including his 14 years as board chair,” Dziedzic said. “Bill has positioned the company to continue executing our strategy to deliver sustained outperformance and laid the groundwork for a smooth board chair transition.”
In addition to serving as AdvaMed’s president and CEO and presidents from 1999 to 2005, Bailey was president and CEO of the Grocery Manufacturers Association from 2009 until 2018 and had a nearly 30-year career in health care public policy at the White House, the Department of Health and Human Services and other organizations.
Her executive and board experience “enable her to provide the relevant industry knowledge and experience to continue to guide us on our journey to excellence,” Dziedzic said in the news release. “Her time on Integer’s Compensation and Organization Committee and as chair of the Corporate Governance and Nominating Committee will ensure a seamless transition.”
Integer Holdings made changes to its executive team earlier this year to replace other retiring leaders.