Orthofix terminates CEO, CFO and CLO for repeated ‘offensive conduct,’ and stock plunges

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Orthofix terminates CEO, CFO and CLO for repeated ‘offensive conduct,’ and stock plunges
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Shares of Orthofix Medical Inc. plunged 17.1% toward a 10-month low in premarket trading Tuesday, after the spine and orthopedics company said it terminated...

Shares of Orthofix Medical Inc.

plunged 17.1% toward a 10-month low in premarket trading Tuesday, after the spine and orthopedics company said it terminated Chief Executive Keith Valentine, Chief Financial Officer John Bostjancic and Chief Legal Officer Patrick Keran “for cause,” effective immediately. The terminations follow a investigation conducted by independent counsel.

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