Zimmer Biomet CFO to Depart, Shares Drop-1.28%

By Chris Stiles • Tuesday, April 28 11:45 • Permanent Link

Zimmer Biomet said Chief Financial Officer Suketu Upadhyay will leave the company effective April 28, ending a seven-year run. The company named Paul Stellato interim CFO while it searches for a permanent replacement.

Stellato, who joined Zimmer Biomet in May 2022, currently serves as controller, chief accounting officer and head of corporate FP&A. Before that, he held finance leadership roles at Xylem and spent eight years at ITT. He has more than 20 years of finance and investor relations experience.

The company did not disclose financial terms tied to the transition. Following these announcements, the company's shares moved -1.28%, and are now trading at a price of $91.26. Check out the company's full 8-K submission here.

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