Nanosphere announced in its latest financial report that it has promoted Michael McGarrity to succeed William Moffitt as its new president and CEO. The company also said it has appointed Sheli Rosenberg, Michael Ward, and McGarrity to serve on its board of directors, while Moffitt, William White, Mark Slezak, and Roy Davis have all resigned from the board.
Rosenberg, who served on Nanosphere's board from 2002 to 2012, will be the new chair of the board. McGarrity previously was VP of sales and marketing and chief commercial officer, and he has 24 years of experience in the medical devices industry, including 13 years at Stryker.