Teleflex executive pay disclosure includes severance payouts after $2B sale

Former Teleflex President and CEO Liam Kelly [Photo courtesy of Teleflex]

Teleflex reported 2025 compensation for its former CEO, other executives and its median employee in a recent filing.

The medtech CDMO was the world’s 41st-largest medical device company on our latest Medtech Big 100 ranking by revenue. That ranking was based on the company’s 2024 revenue of $3 billion.

Teleflex reported nearly $2 billion in revenue for 2025, down 33% from the year before. That drop was largely due to the $2 billion sale of its Acute Care, Interventional Urology and OEM businesses.

Recruiting and retaining top talent — both at the executive and engineering level — is crucial in the medtech industry, but employee compensation is kept secret in most cases. Medical Design & Outsourcing tracks and analyzes these pay figures when disclosed by major device developers and manufacturers.

Teleflex executive pay

The U.S. Securities and Exchange Commission requires publicly held companies to disclose total compensation for their CEO, CFO and three of the highest-paid executives.

Former Teleflex President and CEO Liam Kelly received $6.7 million in total compensation for 2025, down 27% from $9.2 million the year before.

Kelly’s compensation included a $1.1 million salary, a $143,050 cash bonus, $2 million in stock awards, $2.9 million in option awards, a $227,280 cash performance bonus and $325,566 in other compensation.

His other compensation included $158,021 in deferred compensation matching contributions, $133,046 worth of personal use of company aircraft, $17,500 in defined contribution plan matching contributions, a $10,200 car allowance, $5,760 in life insurance premiums and $170 in finance planning costs.

A photo of new Teleflex CEO Jason Weidman.

Teleflex hired former Medtronic executive Jason Weidman as its new CEO in April 2026. [Photo courtesy of Medtronic]

Kelly left the company in January 2026, and Teleflex hired former Medtronic executive Jason Weidman as its new CEO in April 2026.

Kelly will or already has received about $2.8 million in severance, the company said.

Former Teleflex EVP and CFO Thomas Powell received $1.4 million in total compensation for 2025. After retiring in April 2025, Powell entered a consulting agreement with Teleflex until March 2026.

His 2025 compensation included $171,855 worth of salary, $278,558 in stock awards, $545,992 in option awards, a $1,493 change in non-qualified deferred compensation and $437,781 in other compensation.

Powell’s other compensation included $361,763 in consulting compensation, $34,802 worth of personal use of company aircraft, $33,062 in deferred compensation matching contributions, $6,874 in defined contribution plan matching contributions, a $2,746 car allowance and $1,280 in life insurance premiums.

Teleflex EVP and CFO John Deren [Photo courtesy of Teleflex]

Teleflex EVP and CFO John Deren received $2.1 million in total compensation for 2025. His compensation included $548,916 worth of salary pay, a $144,590 cash bonus, $526,442 in stock awards, $757,730 in option awards, a $59,972 cash performance bonus, $3,011 change in non-qualified deferred compensation and $325,566 in other compensation.

His other compensation included $40,210 in deferred compensation matching contributions, $16,885 in defined contribution plan matching contributions, $11,069 in prerequisites, which included a $10,200 car allowance and $2,958 in life insurance premiums.

Deren was promoted to EVP and CFO in April 2025 after Powell retired. Deren previously served as corporate VP and chief accounting officer.

Former Teleflex Corporate VP and Global Commercial President Jay White received nearly $2 million in total compensation for 2025, down 16% from $2.4 million the year before.

White’s role was terminated in July 2025 as a result of the separation of Teleflex’s Acute Care, Interventional Urology and OEM businesses. He received $647,200 in severance compensation related to the separation in 2025 and is entitled to additional severance benefits totalling $736,650.

White’s 2025 compensation included $324,629 worth of salary pay, a $20,452 cash bonus, $372,997 in stock awards, $536,819 in option awards, a $36,104 cash performance bonus, an $832 change in non-qualified deferred compensation.

He also received $696,899 in other compensation, which included his 2025 severance pay portion, in addition to other benefits like a car allowance and company matching contributions.

Teleflex Manufacturing and Supply Chain Corporate VP James Winters received $1.7 million in total compensation for 2025, down 19% from $2.1 million the year before.

His 2025 compensation included a $529,040 salary, a $137,033 cash bonus, $372,998 in stock awards, $536,819 in option awards, a $58,838 cash performance bonus and $87,683 in other compensation.

Winters’ other compensation included a $21,174 car allowance, $63,485 in defined contribution plan matching contributions and $2,179 in life insurance premiums.

Teleflex General Counsel and Secretary Corporate VP Daniel Logue received $1.6 million in total compensation for 2025, down 20% from $2 million the year before.

His 2025 compensation included a $453,375 salary, a $131,736 cash bonus, $372,997 in stock awards, $536,819 in option awards, a $50,423 cash performance bonus, a $142 change in non-qualified deferred compensation and $59,354 in other compensation.

Logue’s other compensation included $28,229 in deferred compensation matching contributions, $17,500 in defined contribution plan matching contributions, a $10,200 car allowance and $2,556 in life insurance premiums.

A photo of Teleflex Corporate VP and Chief Human Resources Officer Cameron Hicks.

Teleflex Corporate VP and Chief Human Resources Officer Cameron Hicks [Photo courtesy of Teleflex]

Teleflex Corporate VP and Chief Human Resources Officer Cameron Hicks received $1.3 million in total compensation for 2025.

His compensation included a $436,3000 salary, a $110,541 cash bonus, $279,728 in stock awards, $402,604 in option awards, a $48,524 cash performance bonus and $66,677 in other compensation.

His other compensation included $25,843 in deferred compensation matching contributions, $17,500 in defined contribution plan matching contributions, a $10,200 car allowance, $3,700 in connection with an executive health examination, $8,000 worth of financial planning services and $2,514 in life insurance premiums.

“Our executive compensation program is designed to promote the achievement of specific annual and long-term goals by our executive management team and to align our executives’ interests with those of our stockholders,” the company said in the filing.

Teleflex median employee pay and CEO pay ratio

The SEC requires publicly traded companies to calculate the gap between CEO compensation and pay for its median employee.

Teleflex calculated its median employee wage at $51,357, up 36% from $37,551 the year before.

The median wage and Kelly’s $6.7 million pay package puts Teleflex’s former CEO pay at 131 times more than the median employee, compared to a 245:1 ratio the year before.

Teleflex identified its median employee as someone who works in Mexico. For its pay ratio calculation, the company said it made a cost-of-living adjustment to the compensation of non-U.S. employees to reflect the cost of living in the U.S., where Kelly lives.

“Had we not made the cost-of-living adjustments with respect to our non-U.S. employees, we would have had a different median employee, who works in Czech Republic and whose annual total compensation would have been $30,371. As a result, the ratio of Mr. Kelly’s compensation to the median employee’s compensation would have been 222 to 1,” the company said.

At other medtech companies that offer more details about their median workers than required by the SEC pay disclosure rules, those median medtech workers often hold technical roles such as device design or engineering.

Shareholders overwhelmingly voted in support of the company’s executive pay at Teleflex’s annual meeting in May 2026.