Floyd Leaving DePuy Orthopaedics

David Floyd is leaving DePuy Orthopaedics, Inc. at the end of March.

Company spokeswoman Lorie Gawreluk told OTW via email on March 5 that Floyd resigned from his position as president of DePuy Orthopaedics, “to pursue interests outside of DePuy and Johnson & Johnson.” Floyd submitted his resignation after the recent American Academy of Orthopaedic Surgeons (AAOS) meeting and reshuffling of DePuy and Johnson & Johnson senior executives.

As we reported at the end of December, DePuy Spine’s Gary Faschetti was recently appointed to the position of Company Group Chairman for the DePuy family of companies, which includes DePuy Orthopaedics, Inc., DePuy Spine, Inc., DePuy Mitek, Inc. and Codman & Shurtleff, Inc.

Floyd took over as head of DePuy Orthopaedics in September 2007. A graduate of Grace College in Winona Lake, Indiana, Floyd was a classic “local boy makes good story.” Prior to coming back to Warsaw, the birthplace of DePuy, Floyd served as president of Abbott Spine. Before that he was president and CEO of AxioMed Spine in Ohio, president of Centerpulse Orthopedics, president of Zimmer USA, vice president for OrthoLogic and a vice president at Sulzer Orthopedics.

Floyd’s departure at DePuy, coming during a time of corporate changes and challenges with recalls and lawsuits over the ASR hip system, caused media reports to associate his departure with those events.

However, recent conversations with people close to Floyd, lead us to believe that personal reasons trumped such associations.

Floyd is widely regarded as one of the good guys in orthopedics and we wish him well.