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Spectranetics names Drake president, CEO

Tue, 07/12/2011 - 12:45pm
The Associated Press

COLORADO SPRINGS, Colo. (AP) — Medical device maker Spectranetics Corp. said Tuesday it named DaVita Inc. executive Scott Drake as president and CEO, effective Aug. 10.

Spectranetics develops and sells single-use medical devices for minimally invasive procedures involving the cardiovascular system. Former Chairman, President and CEO Emile J. Geisenheimer retired last fall.

The Colorado Springs, Colo., company said Drake had served since November 2009 as senior vice president for operations at DaVita, which provides kidney care and dialysis.

Drake also spent 17 years with Irish medical device maker Covidien Plc.

The company's shares fell 11 cents to $6.65 in Tuesday afternoon trading.

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