Sorin, Cyberonics Announce Leadership Team For Proposed Combination

(RTTNews) - Medical device company Sorin S.p.A. (SORJF.PK) and Cyberonics Inc (CYBX) on Tuesday announced the Executive Leadership Team for the new company effective at the close of the proposed merger.

André-Michel Ballester, Sorin's Chief Executive Officer, will serve as the new company's CEO; and Dan Moore, Cyberonics' CEO, will be the non-executive Chairman.

The new company will be organized into three business units: Cardiac Surgery business, Cardiac Rhythm Management business, Neuromodulation business; and will also include the Intercontinental group.

Sorin, Cyberonics Announce Leadership Team For Proposed Combination

Medical device company Sorin S.p.A. (SORJF.PK) and Cyberonics Inc (CYBX) on Tuesday announced the Executive Leadership Team for the new company effective at the close of the proposed merger.

André-Michel Ballester, Sorin's Chief Executive Officer, will serve as the new company's CEO, and Dan Moore, Cyberonics' CEO, will be the non-executive Chairman.

The new company will be organized into three business units: Cardiac Surgery business, Cardiac Rhythm Management business, Neuromodulation business; and will also include the Intercontinental group.

The companies expect to close the merger by the end of the third calendar quarter of 2015.