By Colin Kellaher
Teleflex's top finance executive, Thomas Powell, is retiring from the medical technology company.
Teleflex on Thursday said John Deren, currently vice president and chief accounting officer, will succeed Powell as executive vice president and chief financial officer, effective April 2.
Powell joined Teleflex in 2011 and has been finance chief since March 2012. Deren, 57 years old, joined the Wayne, Pa., company in 2013 and has been in his current post since May 2017.
Teleflex said Deren will now receive a base salary of $587,000 and an annual bonus with a target of 75% of his base pay.
The company said Powell will serve as a consultant through March 2026 to assist with the transition.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 27, 2025 08:17 ET (13:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.