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Wright Medical 4Q Income Drops 86%

CEO Robert Palmisano feels results are stronger than expected and emphasizes growing foot and ankle business.
Wright Medical Group reported a tough 2011 with net income for fourth-quarter 2011 falling more than 86 percent to $1.2 million from $8.9 million for 4Q 2010. Net sales fell $126.9 million from $138.3 million for the previous year.  CEO Robert Palmisano, who joined the company last year, felt the results were stronger than expected and emphasized growing Wright’s foot and ankle business and running “a much more focused and efficient ortho-recon business.”  According to a more…

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Josh Sandberg has been recruiting specifically in the musculoskeletal industry for over 8 years. Throughout this time, he has been able to have a positive impact on his client’s businesses. With an educational background in Business Management, Josh is adept to discern which people will be the best fit for the company he is searching for by understanding how candidates will incorporate with the company’s culture and operational nuances. His experience as an executive in a start-up business has granted him the ability to understand what is takes to thrive in a hands–on environment, where desire and dedication are paramount for success.