109  0 Kommentare Lucas Vitale Joins Orthofix as Chief People and Business Operations Officer

Lucas Vitale, appointed Chief People and Business Operations Officer at Orthofix (Photo: Business Wire)

Vitale most recently served as the Chief Human Resources Officer (CHRO) at ReNAgade Therapeutics, a venture backed pharmaceutical company, and prior to that, he served as the CHRO at Berkeley Lights/PhenomeX, a life sciences tools and services company acquired by Bruker.

Vitale brings extensive spine and orthopedics experience having served as the CHRO at NuVasive, Inc., a publicly traded medical device company, where he led the global HR strategy for the company’s approximately 2,700 employees. At NuVasive he played an integral role in mergers and integrations, oversaw key commercial talent development efforts, and formalized the company’s Diversity, Equity and Inclusion program.

“We are pleased to welcome Lucas to our executive leadership team,” said Massimo Calafiore, President and Chief Executive Officer of Orthofix. “In this pivotal role, he will lead the company’s ongoing integration and business transformation strategies as we continue to strengthen our infrastructure to support future growth.”

“I am excited by the continued opportunities to bring Orthofix and SeaSpine together,” said Lucas Vitale, Chief People and Business Operations Officer. “I look forward to being a part of the team that will help further advance the company as we focus on continuous improvements to better serve our surgeon customers and their patients.”

About Lucas Vitale

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Earlier in his career, Vitale held multiple leadership roles at Life Technologies in positions covering various aspects of HR, including mergers, acquisitions and integrations, talent management, leadership development, and establishing culture and diversity initiatives.

Vitale earned a Bachelor of Science in Business Administration from Hawaii Pacific University and a Master of Arts in Industrial/Organizational Psychology from Alliant International University.

As an inducement to enter into employment with Orthofix, Vitale was granted (i) performance-based vesting restricted stock units that settle 65,502 shares of common stock at target achievement, (ii) time-based vesting restricted stock units that settle into 32,751 shares of common stock, (iii) cliff vesting restricted stock units that settle into 87,336 shares of common stock and (iv) stock options to purchase 75,432 shares of common stock. The performance-based vesting restricted stock units vest at the end of a three-year performance period based on the Company’s total stockholder return relative to an industry peer group index during such period, while the time-based vesting restricted stock units vest in equal tranches over three years. The cliff vesting restricted stock units will vest in one cliff on the third anniversary of the grant date. The stock options vest upon achievement of both service- and performance-based criteria, whichever is the later of (a) the date certain service-based conditions are met (which will be met over three years) and (b) the date that the average closing price of the Company’s common stock over a one-month calendar period has been equal to or great than 150% of the closing price of the Company’s common stock on the grant date. The grants, which were approved by Orthofix’s Board of Directors, were made under standalone inducement award agreements approved pursuant to NASDAQ Marketplace Rule 5635(c)(4).