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Masimo Fires General Counsel McClenahan

No reason given for long-time company lawyer

Masimo Corp., an Irvine-based medical device maker amid an executive upheaval, said it has “terminated the employment” of Tom McClenahan, the company’s Executive Vice President, General Counsel and Corporate Secretary, effective as of Feb. 6. No reason was given.

Shareholders at the company voted to oust founder and Chairman Joe Kiani last September after a proxy battle. Kiani later resigned as chief executive as well.

The company hired as CEO Katie Szyman, who is slated to start on Feb. 12. Szyman was previously worldwide president of BD Advanced Patient Monitoring, the former Critical Care Unit of Edwards Lifesciences. Corp.

McClenahan worked at Masimo for almost 14 years, according to his LinkedIn page.

Shares of Masimo were little changed in after-hours trading. During regular trading, they fell 2.1% to $176.16 and a $9.4 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, 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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