NuVasive announces transition of leadership

Greg Lucier, a member of the NuVasive board of directors since 2013, has been appointed to serve as chairman of the board and interim CEO of the company, according to a company press release.

NuVasive announced the change in leadership following Alex Lukianov’s resignation as CEO and a member of the board.

Lukianov resigned after an investigation was undertaken by the NuVasive Board, according to Jack R. Blair, lead independent director of the board.

“The results of an independent investigation overseen by the board of directors revealed that Alex had not complied with certain of the company’s expense reimbursement and personnel policies. Although the amounts involved appear to be immaterial to the company’s financial results, his actions in this regard were not representative of the high standards by which NuVasive operates,” Blair said in the release. “We believe this leadership transition is appropriate and in the best interests of the company and all of our stakeholders. We appreciate the positive contributions Alex has made to the company and wish him well in his future endeavors.”

Lucier’s previous experience as the former chairman and CEO of Life Technologies and a General Electric executive were cited as two of the reasons he will fit well on the board of directors and as interim CEO of the company.

In addition to the change in leadership, the company announced it expects its 2015 first-quarter revenue to top $190 million, according to the release.

Reference: www.nuvasive.com.