WAYNE, PA — Teleflex Incorporated (NYSE: TFX) has announced the retirement of Thomas E. Powell, its long-serving Executive Vice President and Chief Financial Officer, effective April 1, 2025. After more than 13 years with the company, Powell will step down from his role, passing the reins to John R. Deren, Teleflex’s current Corporate Vice President and Chief Accounting Officer, who will assume the CFO position on April 2, 2025.
To ensure a seamless transition, Powell will remain a consultant to the company until March 31, 2026, providing support and continuity during the leadership shift.
Celebrating Powell’s Legacy
“Tom has announced his desire to retire from Teleflex after more than 13 years with the company,” said Liam Kelly, Chairman, President, and Chief Executive Officer of Teleflex. “Over the years, Tom has been a trusted partner in our efforts to build a durable growth company. He has been instrumental in driving adjusted operating margin expansion, which increased 800 bps from 2012-2024. As the company has grown, Tom has built a highly capable global finance organization, which keeps us well-positioned for the future. I want to thank Tom for his numerous contributions to Teleflex and congratulate him on his upcoming retirement.”
Powell’s leadership has been marked by decisive actions that bolstered operational efficiencies and financial growth during his tenure. His strategically planned succession demonstrates his commitment to maintaining stability within the finance organization.
Welcoming the New CFO
John R. Deren, Powell’s successor, brings over 30 years of financial management and reporting experience, coupled with extensive knowledge of Teleflex’s business. Since joining the company in 2013, Deren has successfully overseen various finance functions, including Corporate Finance, Global Supply Chain Finance, Treasury, and Tax. Prior to Teleflex, Deren held leadership roles at PricewaterhouseCoopers, Rohm and Haas, Exelon Generation, and Trinseo.
Liam Kelly expressed confidence in Deren’s leadership, stating, “I also want to welcome John as the new chief financial officer and look forward to working closely with him. John’s knowledge of the Teleflex business and his trusted stewardship of the finance function will provide continuity and be instrumental as we continue to execute our growth strategy.”
Ensuring a Smooth Transition
This well-planned leadership transition signals stability and continuity at Teleflex as the company prepares for its next phase of growth. Powell’s legacy of operational excellence and Deren’s proven expertise ensure that Teleflex remains focused on achieving its long-term objectives in the dynamic healthcare market.
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