Intuitive announces executive leadership promotions to enhance growth and support its mission in minimally invasive care.
Quiver AI Summary
Intuitive, a leader in minimally invasive care and robotic-assisted surgery, has announced several executive promotions to support its ongoing global growth. Henry Charlton has been elevated to executive vice president and chief commercial and marketing officer after a 21-year career with the company, where he held various leadership roles. Gary Loeb has been promoted to executive vice president and chief legal and compliance officer, having joined Intuitive in 2022 as general counsel. Jamie Samath has also been promoted to executive vice president and chief financial officer, expanding his responsibilities since he began with the company in 2013. CEO Gary Guthart highlighted the importance of these leaders in advancing Intuitive's mission. The changes are effective immediately, further reinforcing Intuitive's commitment to improving patient care through innovative technologies like the da Vinci surgical system.
Potential Positives
- The company has strengthened its executive leadership team with experienced individuals, promoting from within, which can enhance stability and continuity in leadership.
- Promotions are aimed at supporting the company's mission of advancing minimally invasive care, potentially leading to improved strategic focus and execution in the market.
- Intuitive's history of innovation, highlighted by the announcement, reinforces its position as a market leader in robotic-assisted surgery, which may attract investors and partners.
- The press release underscores the company's commitment to growth and tackling large-scale challenges in healthcare, suggesting a proactive approach to future opportunities.
Potential Negatives
- The announcement of multiple executive leadership promotions may raise concerns about stability, suggesting possible turnover or a lack of internal succession planning.
- Despite the promotions highlighting the company's growth, there is no mention of new product developments or initiatives, which could be interpreted as a stagnation in innovation.
- The reliance on existing executives for critical roles might indicate a lack of fresh perspectives, which could hinder adaptability in a rapidly changing healthcare environment.
FAQ
What recent executive promotions were announced by Intuitive?
Intuitive announced the promotions of Henry Charlton, Gary Loeb, and Jamie Samath to key leadership roles.
Who is the new chief commercial and marketing officer at Intuitive?
Henry Charlton has been promoted to executive vice president and chief commercial and marketing officer.
When did Gary Loeb join Intuitive?
Gary Loeb joined Intuitive in 2022 as senior vice president and general counsel.
What is the role of Jamie Samath at Intuitive?
Jamie Samath has been promoted to executive vice president, chief financial officer, and enterprise technology leader.
What has Intuitive accomplished with the da Vinci surgical system?
More than 15 million procedures have been performed globally using da Vinci systems since its introduction.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ISRG Congressional Stock Trading
Members of Congress have traded $ISRG stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $ISRG stock by members of Congress over the last 6 months:
- REPRESENTATIVE JOSH GOTTHEIMER purchased up to $15,000 on 07/22.
- REPRESENTATIVE GREG LANDSMAN has traded it 2 times. They made 0 purchases and 2 sales worth up to $65,000 on 07/17.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
$ISRG Insider Trading Activity
$ISRG insiders have traded $ISRG stock on the open market 75 times in the past 6 months. Of those trades, 0 have been purchases and 75 have been sales.
Here’s a breakdown of recent trading of $ISRG stock by insiders over the last 6 months:
- JAMIE SAMATH (CFO and Head of Business Techn) has traded it 8 times. They made 0 purchases and 8 sales, selling 23,738 shares.
- ROBERT DESANTIS (EVP & Chief Strategy & Corp Op) has traded it 32 times. They made 0 purchases and 32 sales, selling 5,834 shares.
- MYRIAM CURET (EVP & Chief Medical Officer) has traded it 5 times. They made 0 purchases and 5 sales, selling 16,284 shares.
- GARY S GUTHART (CEO) has traded it 6 times. They made 0 purchases and 6 sales, selling 56,419 shares.
- MARK BROSIUS (SVP & Chief Mfg and Supply Cha) has traded it 6 times. They made 0 purchases and 6 sales, selling 2,216 shares.
- BRIAN EDWARD MILLER (EVP & Chief Digital Officer) sold 2,553 shares.
- AMY L LADD sold 450 shares.
- GARY LOEB (General Counsel) sold 300 shares.
- HENRY L CHARLTON (SVP & Chief Commercial and Mkt) has traded it 13 times. They made 0 purchases and 13 sales, selling 40,243 shares.
- AMAL M JOHNSON sold 2,943 shares.
- CRAIG H BARRATT sold 1,400 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$ISRG Hedge Fund Activity
We have seen 935 institutional investors add shares of $ISRG stock to their portfolio, and 692 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALLIANCEBERNSTEIN L.P. removed 2,413,491 shares (-35.5%) from their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 1,316,215 shares (-86.8%) from their portfolio in Q3 2024
- PRICE T ROWE ASSOCIATES INC /MD/ removed 1,246,054 shares (-7.9%) from their portfolio in Q3 2024
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 1,137,475 shares (+inf%) to their portfolio in Q3 2024
- INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added 1,088,415 shares (+49383.6%) to their portfolio in Q3 2024
- JPMORGAN CHASE & CO added 1,076,519 shares (+12.1%) to their portfolio in Q3 2024
- EDGEWOOD MANAGEMENT LLC removed 939,202 shares (-23.6%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SUNNYVALE, Calif., Jan. 03, 2025 (GLOBE NEWSWIRE) -- Intuitive (NASDAQ:ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, today announced executive leadership promotions in support of the company’s continued global growth in pursuit of its mission to advance minimally invasive care.
Henry Charlton has been promoted to the role of executive vice president and chief commercial and marketing officer. A 21-year Intuitive veteran, Charlton has served in key leadership roles across the business, including the U.S., European, APAC, and global distribution and commercial organizations, regional marketing, global customer services and commercial enablement functions. Promoted to chief commercial officer in 2022, Charlton assumed further responsibility in 2023 for Intuitive’s global marketing organization and strategy as chief marketing officer.
Gary Loeb has been promoted to executive vice president and chief legal and compliance officer. Loeb joined Intuitive in 2022 as senior vice president and general counsel, overseeing the company’s legal and governance functions, ESG reporting, and serving as chief compliance officer. Prior to joining Intuitive, Loeb held numerous leadership roles across public and private life sciences companies, including general counsel, head of business development, and senior operational roles.
Jamie Samath has been promoted to executive vice president, chief financial officer and enterprise technology leader. Since joining Intuitive in 2013, Samath’s scope and responsibilities have expanded across the company’s financial and business functions. Samath assumed the role of chief financial officer in 2022 and became enterprise technology leader in 2024, which includes oversight of information technology, real estate and workplace services, and purchasing.
“Henry, Jamie, and Gary are outstanding leaders who represent Intuitive’s core values and are deeply committed to our mission of advancing minimally invasive care,” said Intuitive CEO Gary Guthart. “These promotions continue to strengthen Intuitive’s leadership team and position the company to embrace new opportunities, tackle large-scale challenges, and bolster Intuitive’s strong, consistent leadership as we continue pursuit of our mission.”
Intuitive pioneered the field of robotic-assisted minimally invasive surgery 30 years ago with the da Vinci surgical system. Since then, more than 15 million procedures have been performed globally using da Vinci systems, and more than 76,000 surgeons worldwide have trained on da Vinci systems.
Charlton will continue to report to Intuitive President Dave Rosa; Loeb and Samath will continue to report to CEO Gary Guthart. All executive leadership changes are effective immediately.
About Intuitive
Intuitive (Nasdaq: ISRG), headquartered in Sunnyvale, California, is a global leader in minimally invasive care and the pioneer of robotic surgery. Our technologies include the da Vinci surgical system and the Ion endoluminal system. By uniting advanced systems, progressive learning, and value-enhancing services, we help physicians and their teams optimize care delivery to support the best outcomes possible. At Intuitive, we envision a future of care that is less invasive and profoundly better, where diseases are identified early and treated quickly, so patients can get back to what matters most.
Product and brand names/logos are trademarks or registered trademarks of Intuitive Surgical or their respective owner. See www.intuitive.com/trademarks .
For more information, please visit the Company’s website at www.intuitive.com .
Contact Information
Peper Long, Intuitive
202-997-7373
[email protected]
