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Home » SEEKING GROWTH, RESPIRONICS REALIGNS DIVISIONS

SEEKING GROWTH, RESPIRONICS REALIGNS DIVISIONS

November 7, 2005

In order to accommodate growth, make room for more acquisitions and pave the way for the next CEO, Respironics has undergone a realignment of its divisions. John Miclot, Respironics president and CEO, hopes that the changes — which converted the company from having four divisions to three groups centered more closely around its key markets — will enable it to continue to maintain an annual growth rate in the mid-teens by giving some smaller components of the company an opportunity to grow without taking away from its core market. MSNBC (http://msnbc.msn.com/id/9954191/)

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