LivaNova CEO to step down, co sees preliminary Q1 revenue above consensus

Apr. 14, 2023 5:01 PM ETLivaNova PLC (LIVN)By: Anuron Mitra, SA News Editor
  • LivaNova (NASDAQ:LIVN) on Friday announced the resignation of its CEO and preliminary Q1 revenue that was above consensus estimates.
  • Damien McDonald resigned as LIVN's CEO, the company said in a statement, with chair of the board William Kozy appointed as CEO on an interim basis, effective immediately.
  • LIVN's board has also retained an international executive search firm to assist with the CEO search.
  • Moreover, the company announced preliminary Q1 revenue of $263M, a 9% Y/Y increase. The consensus revenue estimate is $243.43M.
  • LivaNova (LIVN) stock was 3.3% higher to $44 after hours.

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