Minerva Surgical (Nasdaq:UTRS) introduced that it appointed Todd Usen to switch retiring President and CEO David Clapper.

Clapper served as president and CEO of the irregular uterine bleeding (AUB) remedy developer since 2011. Minerva chosen Former Activ Surgical CEO Todd Usen to take over these roles and grow to be a member of the board, efficient Jan. 2, 2023. Usen introduced his departure from Activ earlier this month.

To make sure a clean transition, Clapper plans to serve in his position by means of Usen’s first day, in keeping with a information launch. He additionally entered right into a consulting settlement for 12 months following his retirement.

“It’s been an amazing privilege to collaborate with our unbelievable crew to serve Minerva Surgical’s stockholders, prospects, and workers, and I’m so happy with what we’ve completed collectively,” stated Clapper. “I’ve served over eleven years as CEO, and I really feel that is the appropriate time for me to step apart and begin a brand new chapter in my life. Minerva Surgical is in an amazing operational place and is led by an skilled administration crew. I’ve the utmost confidence in Todd to guide Minerva Surgical into the longer term and fulfill the mission to fulfill the uterine well being wants of ladies.”

About new Minerva Surgical CEO Todd Usen

Usen spent 4 years as CEO at Activ Surgical. For 3 years earlier than that, he served as president of Olympus’ Medical Techniques Group.

Different roles embody president and vice chairman positions at Smith+Nephew, in addition to a VP and director slot at Boston Scientific.

Usen stated earlier this month that he left the CEO position at Activ Surgical to tackle his subsequent problem, in keeping with a submit on LinkedIn.

“I’m honored to affix Minerva Surgical and sit up for working with your entire group to proceed driving worth for all stakeholders, however most significantly girls everywhere in the world who expertise heavy bleeding, resulting in pointless hysterectomies,” stated Usen. “With essentially the most convincing medical knowledge out there, a powerful business footprint and the just lately introduced financing, I consider that Minerva Surgical is poised to scale our development and ship best-in-class surgical options to higher serve the compelling unmet wants in girls’s well being at the moment.”