Minnetronix Medical (St. Paul, Minn.) said today that current president Jeremy Maniak will take over as the company’s CEO in February 2020.

The nine-year veteran of Minnetronix is slated to succeed the company’s founder, Richard Nazarian. Nazarian started Minnetronix in 1996 along with 3M veterans Dirk Smith and Jon Pierce, growing the medical device contract manufacturer to where it is today, employing more than 300 people and generating annual revenues that exceed $100 million.

“I’m proud of what we’ve achieved over the past 23 years, but we’ve only scratched the surface of what this company is capable of,” Nazarian said in a news release. “Jeremy is just the right person at just the right time to build an enduring Minnetronix for years to come. I’m excited to see him take Minnetronix to even greater success.”

Maniak, who previously worked at Guidant and Leptos Medical, was named Minnetronix’s COO in 2013. In the news release, the company said Maniak has advanced its product, technology and service solutions and helped support its evolving neuro-interventional product portfolio.

Maniak will officially take over from Nazarian on Feb. 1, 2020. He will report to and join Minnetronix’s board of directors and Nazarian will carry on as the board’s chairman.

“Minnetronix has come a long way since its founding and Rich has positioned us really well for growth and innovation long into the future,” Maniak said. “I am excited and honored to work with this exceptional Minnetronix team that is so dedicated to positively impacting our customers and patients.”