Exactech appointed Mr. Darin Johnson as President and Chief Executive Officer, successor of Mr. David Petty, who will transition from CEO to Vice Chairman of the company's board of directors. Co-founders Bill Petty, M.D. and Betty Petty are retiring after 35 years at Exactech.
Mr. Johnson joined Exactech in 2002. Prior to his new position, Johnson was promoted to Senior Vice President of Extremities in 2018 and was the original leader of the Equinoxe® shoulder line.
David Petty was Exactech’s first official employee and served as CEO since 2014, growing a 2013 sales base of $235 million to more than $325 million in 2018, increasing the global number of employees to over 900 during his tenure.
Dr. and Mrs. Petty founded Exactech in 1985, along with biomedical engineer Gary Miller, Ph.D. The company went public in 1997, then private again in 2018. Since then, it has acquired XpandOrtho, a designer of soft tissue balancing instruments for knee replacement, and EPIC Extremity, designer of screw and plating systems for foot/ankle applications. Today, the company markets orthopedic implants, instruments and biologic materials, as well as computer assistance and other Augmented Orthopaedic™ technologies, for hip, knee, shoulder and ankle replacement and repair, operating in more than 30 markets globally.
Jeff Binder, Exactech Chairman, said, “Darin brings a significant track record of strategic and operational success within Exactech and we are confident that he is the right person to lead the company into its next phase of growth. Darin’s leadership will be nicely complemented by the valuable institutional knowledge and perspectives that David Petty brings to the role of Vice Chairman.”