Getinge ousts CEO

Medical technology group Getinge has fired its chief executive Alex Myers after just 18 months on the job. Joacim Lindoff, head of the Surgical Workflows division, has been appointed as acting CEO.

Under Alex Myers’ leadership, Getting has failed to meet analysts’ forecasts, and the group’s shares have fallen by 21.5% so far this year. By comparison, the OMXS30 large cap index has fallen 3%.

Myers attempts to centralise the company structure and to hire McKinsey management consultants failed to impress chairman Carl Bennet who prefers a decentralised structure and who is of the opinion that it is the executives and employees in a company that should drive change, not consultants.