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Edwards CEO Mussallem to Retire

Unit GM Zovighiam to succeed

Irvine-based Edwards Lifesciences Corporation (NYSE: EW), the most valuable publicly traded company in Orange County, today announced Michael A. Mussallem will retire as chief executive in May.

Mussallem will be succeeded by Bernard Zovighian, currently corporate vice president and general manager for Edwards’ Transcatheter Mitral and Tricuspid Therapies (TMTT) business. Zovighian will assume the role of president, effective Jan. 1, until he becomes CEO at the company’s annual meeting in May. Mussallem plans to continue as chairman.

“It has been a special honor and privilege to lead our team at Edwards Lifesciences for more than 20 years in their immense contributions to helping and advancing care for millions of patients around the world,” Mussallem, who recently turned 70, said in a statement.

Shares of the medical device maker of heart valves were little changed at $72.80 and a $45 billion market cap.

For more on the executive changes at Edwards, see the Dec. 19 print edition of the Business Journal.

 

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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