DePuy Orthopaedics CEO Quits

While the news broke late yesterday afternoon, DePuy Orthopaedics announced that its worldwide president of its orthopedics division, David Floyd submitted his resignation last week. According to company sources, the resignation will be effective at the end of the month.
Lorie Gawreluk, a DePuy spokesperson, noted that Floyd had been with the division since 2007 and was leaving to pursue interested outside the company. No other specifics regarding his departure were given. However, given the company’s orthopedic problems with the DePuy ASR XL hip implant device, it wouldn’t be a huge surprise if Floyd’s departure were related to the failed orthopedic hip implant. Problems with the hip implant have been related to manufacturing defects that cause a high failure rate of 12-13% within the first five years of implantation.