On LinkedIn, Asbury said she plans to step away after more than 15 years at the company.
“Today marks my last day at LifeScan, and while it is bittersweet, I am deeply grateful for the remarkable journey we have shared together over the past 15+ years,” Asbury wrote. “LifeScan has been much more than a workplace; it has been a vibrant community of colleagues, friends, and partners who have inspired me and helped me grow. The years have brought moments of innovation, learning, and many achievements, all made possible by the people I was fortunate enough to work alongside. Every new challenge was met together, and each success felt sweeter with your support and encouragement.”
The CEO departs just after the Malvern, Pennsylvania-based company emerged from Ch. 11 in December. Through that process, Lifescan said it eliminated more than 75% of its debt. This gives it the financial flexibility to move forward with its glucose management technology.
In connection with the emergence, LifeScan is now owned by a group of its existing lenders. That includes Canyon Parnters and Brigade Capital Management. The company expects to move forward serving more than 20 million people with its OneTouch brand backed by a stronger balance sheet and committed new ownership group.
The company develops the OneTouch Bluetooth-connected blood glucose meter and mobile diabetes app. It aims to provide simplicity, accuracy and trust in diabetes management.
“While I look forward to what comes next, leaving LifeScan is not easy,” Asbury concluded. “This company has been a family and a home away from home, and I am proud of what we have accomplished together.”
