Recent Updates
Recently added Catalysts
HAE Positive Sentiment

Haemonetics Announces Executive Leadership Updates Haemonetics Corporation (NYSE: HAE), a global medical technology company focused on delivering innovative medical solutions to drive better patient...

Key Takeaway: Haemonetics Corporation has announced key updates to its executive leadership team, appointing Frank Chan as Chief Operating Officer and promoting Roy Galvin to Chief Commercial Officer. Chan, with over 25 years of experience, will oversee R&D and operational excellence, while Galvin will direct commercialization initiatives for the company's Global Hospital business. These changes aim to support Haemonetics' growth strategy.
Price reaction · baseline $65.5 (2025-02-28 close) · clean, no other HAE news in the window
day 0 close · peak
-0.6%

Market Sentiment Analysis

POSITIVE FACTORS

  • Appointment of experienced leaders to enhance growth.
  • Frank Chan's extensive background in medical technology.
  • Roy Galvin's expanded role to drive commercialization.

Full Press Release Details

Frank Chan joins Haemonetics as Executive Vice President, Chief Operating Officer; Roy Galvin named Executive Vice President, Chief Commercial Officer
BOSTON , March 3, 2025 /PRNewswire/ -- Haemonetics Corporation (NYSE: HAE ), a global medical technology company focused on delivering innovative medical solutions to drive better patient outcomes, today announced updates to its Executive Leadership team. Frank Chan , Ph.D. will join Haemonetics as Executive Vice President, Chief Operating Officer on April 7, 2025 , and Roy Galvin has been appointed as the company's Executive Vice President, Chief Commercial Officer effective immediately.
As Chief Operating Officer, Chan will direct Haemonetics' research and development as well as regulatory affairs, driving innovation and operational excellence to support the company's growth. He will also oversee Haemonetics' global manufacturing and supply chain operations. He will report to Chris Simon, Haemonetics' President and Chief Executive Officer.
With more than 25 years of experience in medical device and healthcare technology leadership, Chan has successfully delivered innovative solutions to market, expanded patient access with global market development, and led business transformation initiatives across large organizations. He joins Haemonetics from Medtronic plc, where he served as President of Acute Care & Monitoring, overseeing a global portfolio of airway management, patient monitoring, and connected care solutions. Prior to Medtronic, he held roles of increasing responsibility at Covidien plc (acquired by Medtronic) and DePuy Orthapaedics, Inc. (a Johnson & Johnson company).
Galvin joined Haemonetics in 2022 as President, Global Plasma and Blood Center. As Chief Commercial Officer, he will now have responsibility for the company's Global Hospital business as well as Global Plasma and Blood Center, directing all commercialization initiatives to expand the reach and breadth of Haemonetics' full product portfolio. Galvin brings to the role extensive experience in the global healthcare technology field for hospitals and the surgical suite, with over 25 years working at Medtronic plc scaling businesses in the Neuroscience and Orthopedic markets.
"We are executing our long-range plan to achieve exciting growth and build a foundation for sustained success. By strengthening our executive leadership with the addition of Frank Chan and an expanded role for Roy Galvin, we are well-positioned to drive the next phase of our growth," said Chris Simon .
About Haemonetics
Haemonetics (NYSE: HAE ) is a global healthcare company dedicated to providing a suite of innovative medical products and solutions for customers, to help them improve patient care and reduce the cost of healthcare. Our technology addresses important medical markets: blood and plasma component collection, the surgical suite and hospital transfusion services. To learn more about Haemonetics, visit www.haemonetics.com .
Investor Contacts:
Olga Guyette, Vice President-Investor Relations & Treasury Investor Relations
David Trenk, Manager-Investor Relations
(781) 356-9763
(203) 733-4987
[email protected]
[email protected]
Media Contact:
Josh Gitelson, Senior Director-Global Communications
(781) 356-9776
[email protected]

Frequently Asked Questions

Who is the new Chief Operating Officer at Haemonetics?

Frank Chan has been appointed as the new Chief Operating Officer.

What role will Roy Galvin have at Haemonetics?

Roy Galvin has been promoted to Chief Commercial Officer.

What is Frank Chan's background?

Frank Chan has over 25 years of experience in medical device and healthcare technology.

What will Chan oversee at Haemonetics?

He will direct research, development, and global manufacturing operations.

Last updated: Mar 3, 2025