Eye Catching Stock News: Colfax Corporation (NYSE:CFX)

On Wednesday Colfax Corporation (NYSE:CFX) stock raised 2.64% and closed at 35.19. The stock opened the session at $34.37 and touched its highest price point at $35.23. Its recent trading capacity is 785135 shares versus to its average trading volume of 1686381 shares. The company’s stock’s lowest price point for the session stood at $34.25.CFX traded as low as $ 18.95 in the past 52 weeks, and shares hit its peak level to $36.63.

On Dec. 11, 2019, Colfax Corporation (NYSE:CFX) a leading global manufacturer of medical technology and fabrication technology products and services, notified that it has appointed Liam Kelly, President and CEO of Teleflex Incorporated, to its Board of Directors effective January 1, 2020.  This appointment increases the size of Colfax’s Board of Directors to ten members.

Mitchell P. Rales, Chairman of the Board of Colfax, said, We are very pleased to have Liam join our Board.  He has extensive global experience and has been successful in driving a step change in organic growth performance at Teleflex in high margin medical technology industries. His addition to the Board will further support Colfax in growing our medical technology business, anchored by the recent acquisition of DJO. I am confident that his knowledge and experience will assist the Board and the Colfax management team in executing Colfax’s long-term growth plans.

Mr. Kelly has been employed at Teleflex since 2009 holding various positions in EMEA, Asia Pacific and the Americas.  Liam was appointed President and Chief Operating Officer in 2016 and President and Chief Executive Office in 2018. Prior to his employment at Teleflex, Mr. Kelly worked at Hill-Rom. Mr. Kelly is a seasoned medical device leader with significant experience running global businesses. Under Liam’s leadership, Teleflex has expanded into new, higher growth therapeutic areas and has thereby increased its growth rate significantly.

Mr. Kelly holds a B.B.S., Marketing Management from the University of Limerick, Limerick, Ireland.  He is currently on the Board of Teleflex, Advanced Medical Association (AdvaMed), and Life Sciences Pennsylvania (LSPA). He was previously on the Board of Medstrom, Ltd.

Cheyenne Cox is a news report covering multiple Market and economy News. She is creative and highly professional writer. Cheyenne holds a degree in communication and journalism and has also a Diploma in digital marketing. She belongs to south Africa who has also lived in Europe and is currently based in the US.

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