Teleflex Announces Retirement of Thomas Powell as Chief Financial Officer

Teleflex Incorporated (NYSE:TFX), a leading global provider of medical technologies, has announced that Thomas E. Powell, the company's Chief Financial Officer, will retire effective April 1, 2025. John R. Deren, currently serving as Corporate Vice President and Chief Accounting Officer, will succeed Powell as Executive Vice President and CFO effective April 2, 2025. Powell will continue to serve as a consultant to the company through March 31, 2026 to ensure a smooth transition.

Powell's tenure as CFO, which began in 2012, has been marked by significant achievements. Under his leadership, Teleflex achieved an 800 basis points increase in adjusted operating margin from 2012 to 2024. Powell's strategic guidance and financial acumen have been instrumental in driving Teleflex's growth and success. As the company has expanded, Powell has built a highly capable global finance organization, positioning Teleflex well for the future.

John Deren, who joined Teleflex in 2013, brings over 30 years of financial management and reporting experience for public companies. His extensive background includes roles at PricewaterhouseCoopers, Rohm and Haas, Exelon Generation, and Trinseo. Deren's deep understanding of Teleflex's business, coupled with his proven track record, makes him an ideal successor to Powell.

Teleflex's Chairman, President, and CEO, Liam Kelly, expressed his gratitude for Powell's contributions and welcomed Deren as the new CFO. Kelly highlighted Powell's commitment to succession planning, which has ensured a well-planned and smooth transition in finance leadership. Deren's knowledge of Teleflex's business and trusted stewardship of the finance function will provide continuity and be instrumental in driving Teleflex's continued growth.



Teleflex's announcement of Powell's retirement and Deren's appointment underscores the company's commitment to strategic planning and succession management. As Teleflex continues to grow and evolve, the smooth transition of key leadership roles is crucial for maintaining the company's momentum and ensuring its long-term success.

In conclusion, Teleflex's announcement of Thomas Powell's retirement and the appointment of John Deren as his successor demonstrates the company's commitment to strategic planning and succession management. Powell's achievements as CFO have significantly contributed to Teleflex's growth and success, while Deren's extensive experience and deep understanding of the company make him an ideal successor. As Teleflex continues to grow and evolve, the smooth transition of key leadership roles is crucial for maintaining the company's momentum and ensuring its long-term success.