Joe Kiani steps down as Masimo CEO amid shareholder dispute; Michelle Brennan appointed Interim Leader

Irvine, CA, September 25, 2024 (Reuters) -- Masimo's founder, Joe Kiani, has resigned as CEO following a proxy battle that resulted in his removal from the board. The company has appointed Michelle Brennan as interim CEO and is evaluating its consumer business, which includes the recently acquired Sound United. Despite a significant decline in stock value over the past two years, shares rose 5.4% following the leadership change.

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