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NuVasive Appoints New CFO

San Diego medical device maker NuVasive on Wednesday announced the appointment of a new executive vice president and chief financial officer, the latest change to its executive team following a recent restructuring.

Rajesh Asarpota will take the reins Sept. 1, overseeing global functions that include accounting, financial planning and analysis, treasury and tax.

He joins NuVasive with nearly 25 years of experience in financial and executive leadership roles across the health care industry. Most recently, Asarpota was CFO of Questcor Pharmaceuticals, and he also worked in health care companies in executive financial and operational roles.

“I have worked closely with Raj at multiple companies where we were successful at expanding market share and transforming operations. He’s a proven leader who will drive significant shareholder value,” said Gregory T. Lucier, NuVasive’s chairman and chief executive officer.

Last month, NuVasive announced a restructuring of its executive team, including the pending departure of President/Chief Operating Officer Jason Hannon, who will step down to pursue other interests. It was also announced that Quentin Blackford resigned as CFO, which the company said was unrelated to the restructuring and wasn’t the result of a dispute or disagreement with NuVasive.

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