Cannizzaro Is New Sunrise CEO
Sunrise Medical, newly split into two separate operations, has named Michael N. Cannizzaro its new vice chairman, president and chief executive officer.
Cannizzaro, who also joins Sunrise’s board of directors, will be “directly responsible for leading the mobility business, which operates through the leading brands of Quickie, Sopur and Jay, as well as the recently integrated A.R.T. Operations,” according to a Sunrise Medical statement issued July 11. Cannizzaro will also oversee DeVilbiss Healthcare, Sunrise’s new respiratory arm.
Cannizzaro was most recently an operating partner at J.W. Childs Associates, a Boston-based private equity firm. At J.W. Childs Associates, Cannizzaro advised on the acquisition and management of a variety of healthcare companies.
In May, Sunrise announced it was dividing into two business units: Sunrise Mobility and DeVilbiss Healthcare. Chairman Michael Hammes said of the restructuring, “Since the time of our going private, we have significantly improved our cost and market positions. As a further strategic evolution, we determined that creating separate, focused businesses would improve long-term prospects and management focus.”
Sunrise Medical and its two divisions can still be reached in cyberspace at www.sunrisemedical.com
This article originally appeared in the August 2007 issue of Mobility Management.