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HAE Positive Sentiment Score: 80/100

Investor Contacts Olga Guyette, Vice President-Investor Relations Treasury (781) 356-9763 olga.guyette haemonetics.com David Trenk, Manager-Investor Relations (203) 733-4987 david.trenk haemonetics.com Media Contact Josh

Key Takeaway: Haemonetics Corporation has announced key updates to its executive leadership team, welcoming Frank Chan as the new Executive Vice President and Chief Operating Officer, and promoting Roy Galvin to Executive Vice President and Chief Commercial Officer. Chan, who has over 25 years of experience in healthcare technology, will oversee research, development, and global operations. Galvin will expand his responsibilities to include the Global Hospital business, indicating a strategic focus on growth and innovation. These leadership changes are part of Haemonetics' plan to drive the next phase of its business expansion.

Market Sentiment Analysis

POSITIVE FACTORS

  • Appointment of experienced executives enhances leadership team.
  • Frank Chan brings extensive experience in medical device innovation.
  • Roy Galvin expands his role, indicating confidence in his capabilities.
  • The executive changes align with Haemonetics' growth strategy.

Full Press Release Details

Investor Contacts
Olga Guyette, Vice President-Investor Relations Treasury (781) 356-9763 olga.guyette haemonetics.com David Trenk, Manager-Investor Relations (203) 733-4987 david.trenk haemonetics.com
Media Contact
Josh Gitelson, Senior Director-Global Communications (781) 356-9776 josh.gitelson haemonetics.com
Haemonetics Announces Executive Leadership Updates
Frank Chan joins Haemonetics as Executive Vice President, Chief Operating Officer
Roy Galvin named Executive Vice President, Chief Commercial Officer
BOSTON, March 3, 2025 -- 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.
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.

Frequently Asked Questions

Who are the new executives at Haemonetics?

Frank Chan is the new Chief Operating Officer and Roy Galvin is the Chief Commercial Officer.

What role does Frank Chan take at Haemonetics?

Frank Chan joins as Executive Vice President and Chief Operating Officer on April 7, 2025.

What experience does Roy Galvin bring to his role?

Roy Galvin has over 25 years in global healthcare technology, focusing on hospitals.

How does Haemonetics plan to achieve growth?

The company aims to drive growth by enhancing its executive leadership and expanding its offerings.

What markets does Haemonetics operate in?

Haemonetics operates in blood collection, plasma component, and hospital transfusion services.

Last updated: Mar 3, 2025