Medical Device Manufacturer Finally Gets Its Man

Steris Corporation STE (NYSE) a medical products manufacturer appointed a new CEO, Walter Rosebrough, Jr., after an extensive search was put in place nearly a year ago when it was announced that CEO Les Vinney would step down in June 2007. Rosebrough, who has had extensive experience in the medical products industry appears to be a good choice for the firm. According to a story in the Cleveland Plain Dealer:

Rosebrough, 53, has spent more than 20 years in the health-care industry in a series of senior management positions. He served as president and chief executive officer of the Hill-Rom Co., a wholly owned subsidiary of Hillenbrand Industries Inc. Hillenbrand provides medical technologies and related services for the healthcare industry, including patient support systems, non-invasive therapeutic products for a variety of acute and chronic medical conditions, medical equipment rentals and workflow information technology solutions.

Rosebrough was executive vice president of Hillenbrand Inc. when, in 2000, he left the company to lead Vasocor Inc., a Credit Suisse First Boston- funded start-up health-care company, as president and chief executive officer. The company focused on development of a non-invasive medical device to enable early detection of atherosclerosis.

Since early 2005, Rosebrough has served as the president and chief executive officer of Coastal Hydraulics Inc., a private company. Coastal Hydraulics provides hydraulic and pneumatic systems, equipment and services used in industrial, marine and mobile equipment applications.

Rosebrough's extensive background and experience should serve Steris well. Watch Rosebrough's early moves at the firm and decide for yourself.