Irvine-based Masimo Corp. announced it has added Timothy Scannell and Wendy Lane to its board of directors, effective immediately.
The new board additions comes just three weeks after founder Joe Kiani resigned as CEO. He was ousted as chairman of the medical device company as a result of a proxy battle with activist investor Politan Capital Management.
Current board member Michelle Brennan was appointed interim CEO on Sept. 25 in the meantime to replace Kiani.
Kiani, who filed a suit against the company to claim a $400 million payout, previously promised to expand the number of board seats in a video to investors leading up to the shareholder vote that took place on Sept. 19.
Scannell notably spent over three decades at Stryker Corp., including a three-year stint as president and chief operating officer.
Masimo said Lane also has “vast experience overseeing corporate governance changes.”
“We are pleased to welcome Tim and Wendy as our newest independent directors,” Politan Managing Partner Quention Koffey said in a statement.
“Both are high-caliber professionals who will bring critical perspectives to the Board and possess expertise that closely aligns with our key focus areas.”
