Merit Medical Systems Inc., a South Jordan healthcare technology company, has announced that Fred P. Lampropoulos, the company’s CEO and chairman, has been re-appointed to the office of president of the company. Lampropoulos replaces Joseph C. Wright, who resigned amid allegations regarding his conduct. The change was effective Jan. 3.
Wright’s unspecified conduct was investigated by Merit’s independent directors with the assistance of independent counsel. The allegations were unrelated to Merit’s operations or financial performance, Merit said in a release.
Founded in 1987, Merit Medical is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care and endoscopy. Merit serves client hospitals worldwide with a domestic and international sales force and clinical support team totaling more than 700 people. Merit employs approximately 7,200 people worldwide.