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VOL. 126 | NO. 160 | Wednesday, August 17, 2011

DeVivo Lands New Position With NY Firm

By Aisling Maki

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Joseph “Joe” DeVivo, former president of Smith & Nephew’s Memphis-based Orthopaedic Reconstruction and Trauma division, has been appointed executive leader of AngioDynamics, an Albany, N.Y.-based provider of medical devices for vascular access, surgery, peripheral vascular disease and oncology.

DeVivo, 44, will step into his new role on Sept. 7, replacing Scott Solano, who has served as interim CEO since June and will return to his previous role as senior vice president and chief technology officer.

DeVivo has been on the radar of AngioDynamics’ board of directors from the moment it started looking.

“Joe has been our top choice since we began our search,” AngioDynamics chairman Vincent Bucci said in a statement. “Smith & Nephew recently reported that its Orthopaedic business had the fastest growth rate of all its business segments again during its most recent quarter while continuing to drive share. We are thrilled to have recruited the architect of this growth.”

DeVivo, who joined Smith & Nephew in 2006, left his position at the company on Aug. 5 after the London-based medical device manufacturer announced it would restructure, combining its Memphis-based Orthopaedic Reconstruction and Trauma division with its Andover, Mass.-based Endoscopy division to form a new division that will be known as the Advanced Surgical Devices Division.

It will be led by Mike Frazzette, who has served as president of Smith & Nephew’s Endoscopy division since 2006. The company said no decisions have been made regarding where Frazzette will be based.

Smith & Nephew employs more than 2,000 people in Memphis, and a company spokesperson told The Daily News in late July that no site closures or job losses are planned in connection with the company’s organizational restructuring.

DeVivo served as chairman of the board of the Greater Memphis Chamber and co-chair of the Memphis Fast Forward Economic Development Plan (MemphisED) from November 2010 until his departure this month.

He had been unanimously elected to fill the position after former FedEx Corp. senior vice president Tom Schmitt left the city.

So far, no formal decisions have been made regarding who will serve as DeVivo’s successor, but chamber president and CEO John Moore said an executive committee will convene in the near future to discuss the matter.

Chamber board vice chairman Nick Clark will proceed over the next two board meetings.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 91 158 16,219
MORTGAGES 98 179 18,735
FORECLOSURE NOTICES 13 36 2,497
BUILDING PERMITS 136 349 33,738
BANKRUPTCIES 63 115 10,429
BUSINESS LICENSES 30 47 5,350
UTILITY CONNECTIONS 24 53 6,326
MARRIAGE LICENSES 19 52 3,563