Tuesday, Zimmer Biomet Holdings, Inc. (ZBH) announced that Suketu Upadhyay will step down from the position of Chief Financial Officer and Executive Vice President, Finance, Operations and Supply Chain, to pursue a new professional opportunity, effective April 28, 2026.
Following this, the company has appointed Paul Stellato, currently Controller and Chief Accounting Officer, as interim CFO.
The company has initiated an internal and external search to identify a permanent successor.
"We are confident Paul is the right leader to provide continuity and steady direction during this transition, as we continue to execute our strategy and deliver on our commitments," said CEO Ivan Tornos.
In the pre-market hours, ZBH is trading at $90.00, down 2.84 percent on the New York Stock Exchange.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.