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Welch Allyn President and Chief Executive Officer Peter H. Soderberg has announced a leadership transition at the global manufacturer of frontline medical products and solutions, saying that he will be stepping down on March 5, 2006, after six years at the helm of the corporation and ten years running the company's global medical products business. After assisting Welch Allyn's board of directors and management team in executing an orderly transition, Soderberg will remain active developing and growing new businesses, both inside and outside Welch Allyn.
Effective January 1, 2006, the company will establish an office of the president, consisting of three long-service Welch Allyn executives, responsible for managing the day-to-day operations of the company. The office of the president will consist of executive vice presidents Kevin Cahill, Doug Linquest, and Steve Meyer, who have a combined 65 years of experience with Welch Allyn. The three will continue to report to Soderberg, who will be retaining his chief executive officer responsibilities throughout the transition period.
"I'm excited by the current health of the company and its readiness for continued growth and success. More importantly, we now have in place the talent within the organization to build upon our strong foundation as one of the world's most respected medical technology companies," Soderberg said. "When I look back at the accomplishments of the past six to ten years and see the tremendous progress we've made in all facets of the business, I can't help feeling a real sense of pride in the people of Welch Allyn, who embraced a compelling vision and worked tirelessly to realize it."
Since joining the company in 1993 and assuming the role of president and chief executive officer in January of 2000, Soderberg has helped engineer a fundamental transformation of the 90-year-old privately held business by significantly enhancing the company's digital medical device portfolio, bolstering its quality and regulatory compliance capabilities, expanding its international presence, and solidifying the strength and relevance of the Welch Allyn brand.
Martin Coyne, Welch Allyn board chairman, said that while the board understands Soderberg's desire to take on other business challenges as he approaches his sixtieth birthday, his energy, vision and passion for excellence will be missed by the company.
