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Edwards Says Mussallem to Retire as Chairman

Valeriani to take top role on board

Mike Mussallem, who built Irvine-based Edwards Lifesciences Corp. into a company worth $57 billion, is retiring as executive chairman, effective at the next shareholder meeting on May 7.

The manufacturer of heart stents expects to appoint Nicholas J. Valeriani, an independent director, to succeed Mussallem as chairman of the board.

Mussallem took over as CEO when Edwards was spun out of Baxter in 2000. Mussallem, who retired as CEO last year, had built the company to more than $6.5 billion in sales this year by providing innovative methods to insert stents into heart valves without open heart surgery.

Shares of Edwards today rose 1.9% to $95.15 and a $57 billion market cap.

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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, Peterโ€™s work reflects a commitment to impactful storytelling. Peterโ€™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. Peterโ€™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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