MDS, parent company of MDS Nordion of Ottawa, finalized its executive restructuring January 8 by appointing Steve West as its CEO, the Mississauga, Ontario-based company said.
West has been serving as the company's COO and as president of MDS Nordion. He replaces Stephen DeFalco. MDS also announced that Peter Dans, currently senior vice president, finance, will become chief financial officer on February 1, 2010. Doug Prince, the current CFO, is expected to leave the organization in March 2010.
The executive shifts are part of MDS' repositioning plan, which includes the sale of the company's Analytical Technologies business and the planned share buyback and intended sale of the MDS Pharma Services business. Once the plan has been completed, MDS will focus on MDS Nordion, the company said.
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MDS unveils CEO transition plan, September 18, 2009
MDS to divest non-Nordion units, September 2, 2009
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MDS urges Canada to complete Maple project, July 9, 2009
MDS posts loss in Q2 results, June 11, 2009
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