ResMed promotes Michael Farrell to CEO
POWAY, Calif. – Michael “Mick” Farrell, president of ResMed’s Americas division since 2011, will replace his father, Peter Farrell, as CEO and be appointed to the company’s board effective March 1, according to a press release. Peter Farrell will remain executive chairman through the end of the year, then non-executive chairman. “It was easily determined that members of the very talented and experienced team that have driven much of the company’s great success over the past decade would be the best suited to lead the company to its next stage of growth and development,” stated Gary Pace,ResMed’s lead director and chairman of the board’s succession committee. Rob Douglas, COO, will become president.