Elliott Says He'll Miss The People At Zimmer
July 28, 2016 at 4:25 p.m.
Ray Elliott announced Monday he plans to retire as president and chief executive officer of Zimmer in the first half of next year. He will remain as chairman of the board at least until November 2007.
Elliott said, "I've put 30 years into running companies - 25 years as president, with the last nine years at Zimmer. This is a 100-hour-a-week job, and there are other things I'd like to do."
Elliott joined Zimmer as president in 1997, when it was still owned by Bristol-Myers Squibb. He headed the company when it went public in 2001 and through the acquisition of Centerpulse, which made Zimmer the largest orthopedic company in the world.
When asked about the biggest things that happened since he's been with Zimmer, he said, "Two things come to mind. One is probably the dramatic changes in technology. The second is the Centerpulse acquisition, which really changed the business, with more involvement in Asia and Europe. Look at the gigantic changes in the west end of Warsaw. We have 19 buildings and service quite a few things in Europe."
What will be big in the future? Elliott said, "Gender knees, because of the growing market for women; more use of computers and using computers in the operating room; and biological products, such as tissue, which provide opportunities for solutions to patients' problems."
Elliott will remain president and CEO until a replacement is named.
Elliott grew up in Canada, near Toronto, Ontario, Canada. He attended Western University, near London, Ontario, and spent the early part of his career near Toronto. He lived in Japan for three years, and has lived in the United States for the past 13 years.
He and his wife, Margaret, live on a farm near Middlebury, where they plan to remain. He said his wife runs the farm and does a lot of volunteer work, especially in the education system. His oldest son, Zach, 21, attends the business school at Miami University, Oxford, Ohio. Son Logan, 18, is a senior at Northridge High School, and his daughter, Rachel, 15, is a freshman at Northridge.
Elliott plans to serve on other boards and work in healthcare investments. He said, "When I do leave here, I'll really miss the people at Zimmer. We've had a lot of fun." [[In-content Ad]]
Ray Elliott announced Monday he plans to retire as president and chief executive officer of Zimmer in the first half of next year. He will remain as chairman of the board at least until November 2007.
Elliott said, "I've put 30 years into running companies - 25 years as president, with the last nine years at Zimmer. This is a 100-hour-a-week job, and there are other things I'd like to do."
Elliott joined Zimmer as president in 1997, when it was still owned by Bristol-Myers Squibb. He headed the company when it went public in 2001 and through the acquisition of Centerpulse, which made Zimmer the largest orthopedic company in the world.
When asked about the biggest things that happened since he's been with Zimmer, he said, "Two things come to mind. One is probably the dramatic changes in technology. The second is the Centerpulse acquisition, which really changed the business, with more involvement in Asia and Europe. Look at the gigantic changes in the west end of Warsaw. We have 19 buildings and service quite a few things in Europe."
What will be big in the future? Elliott said, "Gender knees, because of the growing market for women; more use of computers and using computers in the operating room; and biological products, such as tissue, which provide opportunities for solutions to patients' problems."
Elliott will remain president and CEO until a replacement is named.
Elliott grew up in Canada, near Toronto, Ontario, Canada. He attended Western University, near London, Ontario, and spent the early part of his career near Toronto. He lived in Japan for three years, and has lived in the United States for the past 13 years.
He and his wife, Margaret, live on a farm near Middlebury, where they plan to remain. He said his wife runs the farm and does a lot of volunteer work, especially in the education system. His oldest son, Zach, 21, attends the business school at Miami University, Oxford, Ohio. Son Logan, 18, is a senior at Northridge High School, and his daughter, Rachel, 15, is a freshman at Northridge.
Elliott plans to serve on other boards and work in healthcare investments. He said, "When I do leave here, I'll really miss the people at Zimmer. We've had a lot of fun." [[In-content Ad]]