Insulet (Nasdaq:PODD) announced today that it named a duo of new board directors with high-profile figures set to retire.
Acton, Massachusetts-based Insulet appointed Flavia Pease and Timothy Stonesifer to its board. Former CEO Shacey Petrovic, along with Corinne Nevinny, intend to retire from the board in May.
Petrovic spent more than seven years as CEO at the automated insulin delivery technology developer. She stepped down from the corner office in May 2022 and remained on the board as Jim Hollingshead took over as CEO. Petrovic spent nearly six years on the board at Insulet, while Nevinny offered five years of service to the board.
“As we say goodbye to Shacey Petrovic and Corinne Nevinny, we thank them for their invaluable contributions and dedication to Insulet’s mission to improve the lives of people with diabetes,” said Timothy Scannell, chair of the Insulet board. “Shacey’s time with us is marked by her visionary and inspiring leadership, which has been instrumental to our growth trajectory. Her legacy, combined with Corinne’s significant insights and contributions, leaves an incredibly positive mark on our company’s journey, inspiring us to continue pushing boundaries and achieving new milestones.”
More about the new board appointments at Insulet
Pease currently serves as corporate EVP and CFO at Charles River Laboratories. Stonesifer is the CFO at Alcon.
“We are excited to welcome Flavia and Tim to the Insulet Board,” Scannell said. “They are both highly respected leaders who have had distinguished careers and critical leadership roles in prominent corporations. Their skills should support and enhance our commitment to excellence and innovation. We look forward to benefitting from their expertise and insights.”
Pease brings extensive industry experience, having joined Charles River in 2022. She served in a variety of leadership roles at Johnson & Johnson over a 23-year stint. That included the position of VP and CFO for J&J’s global Medical Devices business. She also served as VP of finance for Janssen North America.
Stonesifer offers more than 30 years of global financial and operational experience. He became Alcon’s CFO in April 2019, having previously served as EVP and CFO at Hewlett Packard Enterprise for nearly three years. Stonesifer spent three years as CFO of General Motors’ international operations as well and had a 21-year tenure at General Electric.