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E. Main St. Warsaw, IN 46580 www.zimmerbiomet.com Media Investors Heather Zoumas-Lubeski David DeMartino (445) 248-0577 (646) 531-6115 heather.zoumaslubeski@zimmerbiomet.com david.demartino@zimmerbiomet.com Zach Weiner (

Key Takeaway: Zimmer Biomet announced changes to its Board of Directors, including the retirement of Chris Begley, who served since 2012 and was instrumental in the company’s success. Ivan Tornos has been appointed as the new Chairman of the Board, while Mick Farrell takes on the role of Lead Independent Director. Both appointments highlight a commitment to strong leadership and strategic oversight as the company aims to enhance its value for stakeholders.
Price reaction · baseline $105.98 (2025-02-24 close) · hit after-hours · 4 other ZBH headline(s) in the window, move may be shared
day 0 close · peak
+1.3%

Market Sentiment Analysis

POSITIVE FACTORS

  • Chris Begley's retirement is acknowledged as a significant contribution to the company.
  • Ivan Tornos is seen as a strong leader and is expected to add value in his expanded role.
  • Mick Farrell's election as Lead Independent Director brings respected leadership.

Full Press Release Details

345 E. Main St.
Warsaw, IN 46580 www.zimmerbiomet.com
Media Investors
Heather Zoumas-Lubeski David DeMartino
(445) 248-0577 (646) 531-6115
heather.zoumaslubeski@zimmerbiomet.com david.demartino@zimmerbiomet.com
Zach Weiner
(908) 591-6955
zach.weiner@zimmerbiomet.com
Zimmer Biomet Announces Upcoming Changes to
Company s Board of Directors
(WARSAW, IN) February 25, 2025 Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader, today announced
upcoming changes to the Company s Board of Directors, including:
Retirement of Mr. Begley
Chris has been a tremendous advisor to Zimmer Biomet since joining the Board in 2012. His vision, thoughtful counsel, and dedication to the Company have
been instrumental in positioning Zimmer Biomet as a MedTech leader and innovator, said Mr. Tornos. On behalf of the entire Board of Directors and Leadership Team, I want to extend my deep gratitude to Chris for his
exemplary leadership and service as a member of Zimmer Biomet s Board. We have all benefited immensely from Chris s guidance, leadership and mentorship as Board Chair.
Mr. Begley has been a member of the Company s Board of Directors since 2012, has served as Non-Executive
Chairman since August 2023 and prior to that served as Lead Independent Director since May 2021. During his tenure as a Director, he has also served as a member of the Corporate Governance and the Compensation and Management Development Committees,
and as Chair of the Quality, Regulatory and Technology Committee. He is the retired Chairman and Chief Executive Officer of Hospira, Inc. and the retired Non-Executive Chairman of the Board of Hanger, Inc.
Appointment of Mr. Tornos as Chairman of the Board
Ivan has demonstrated bold leadership during his tenure as President and CEO, and prior to that as Chief Operating Officer, at Zimmer Biomet, said
Mr. Begley. I and the entire Board of Directors are excited to see how he continues to drive even stronger value for patients, shareholders, physicians and customers in his expanded role as Chairman of the Board.
Appointment of Mr. Farrell as Lead Independent Director
Mr. Farrell has been a Zimmer Biomet Board member since 2014 and currently serves as Chairman of the Compensation and Management Development Committee and
as a member of the Quality, Regulatory and Technology Committee. He is the Chairman and Chief Executive Officer of ResMed Inc. Mr. Tornos stated, We are honored to have Mick serve as our Lead Independent Director. He is a respected and
accomplished business leader who brings strong integrity, a collaborative approach, and a valuable strategic perspective to our Board. I look forward to working with him in his new role.
Zimmer Biomet is a global medical
technology leader with a comprehensive portfolio designed to maximize mobility and improve health. We seamlessly transform the patient experience through our innovative products and suite of integrated digital and robotic technologies that leverage
data, data analytics and artificial intelligence.
With 90+ years of trusted leadership and proven expertise, Zimmer Biomet is positioned to deliver the
highest quality solutions to patients and providers. Our legacy continues to come to life today through our progressive culture of evolution and innovation.
For more information about our product portfolio, our operations in 25+ countries and sales in 100+ countries or about joining our team, visit
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of
1995. Forward-looking statements include, but are not limited to, statements concerning Zimmer Biomet s expectations, plans, prospects, and product and service offerings. Such statements are based upon the current beliefs and expectations of
management and are subject to significant risks, uncertainties and changes in circumstances that could cause actual outcomes and results to differ materially. For a list and description of some of such risks and uncertainties, see Zimmer
Biomet s periodic reports filed with the U.S. Securities and Exchange Commission (SEC). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in Zimmer
Biomet s filings with the SEC. Forward-looking statements speak only as of the date they are made, and Zimmer Biomet disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Readers of this news release are cautioned not to rely on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. This cautionary
note is applicable to all forward-looking statements contained in this news release.

Frequently Asked Questions

Who is retiring from Zimmer Biomet's Board of Directors?

Mr. Begley is retiring from the Board after joining in 2012.

Who has been appointed as Chairman of the Board?

Mr. Tornos has been appointed as Chairman of the Board.

What role will Mr. Farrell assume at Zimmer Biomet?

Mr. Farrell will serve as Lead Independent Director.

When did Mr. Begley start on the Board of Directors?

Mr. Begley has served on the Board since 2012.

What is Zimmer Biomet's primary focus?

Zimmer Biomet focuses on maximizing mobility and improving health.

Last updated: Feb 25, 2025