Irvine-based Masimo Corp. has entered into an employment agreement with Michelle Brennan who will serve as interim chief executive for a total of six months unless sooner terminated.
Brennan became interim CEO effective Sept. 24 a day before founder Joe Kiani resigned as CEO after being ousted as chairman of the company in the annual shareholder vote meeting.
She will receive an annual base salary of $1.04 million and be eligible for a discretionary bonus equivalent to more than $600,000, according to a regulatory filing.
The former Johnson & Johnson executive was first elected to the board of directors in 2023.
Masimo last week also announced that it’s terminated the employment of Tao Levy, the company’s executive vice president of business development, as part of a “strategic shift to refocus on its core healthcare business.”
