Teleflex names Thomas Powell as its new CFO

Medical equipment maker Teleflex names Powell as its new CFO

Associated Press

LIMERICK, Pa. (AP) -- Medical equipment maker Teleflex Inc. said Monday that it has named Thomas Powell as chief financial officer, succeeding Richard Meier.

Powell joined Teleflex last year as senior vice president, global finance as part of the company's succession planning efforts. Meier's employment with Teleflex ended on Friday.

Powell, 50, previously served as CFO of Tomo Therapy Inc. and as CFO of Textura Corp. He has also served as executive vice president, CFO and treasurer of Midway Games Inc.

Teleflex, which is based in Limerick, Pa., also said Monday that it is maintaining its 2012 adjusted earnings forecast of $4.25 to $4.45 per share. It still expects revenue to climb 4 percent to 6 percent if the effects of foreign currency exchange rates are excluded.

Analysts surveyed by FactSet predict earnings of $4.18 per share.

Its shares finished on Friday at $59.42. They are up from a 52-week low of $49.40 in mid-August after trading as high as $64.56 about two weeks earlier.

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