Zimmer Holdings Chairman J. Raymond Elliott will retire on Nov. 30, according to a company news release. He will also resign his position as a member of Zimmers board of directors.
The Warsaw, Ind.-based orthopedic-device company has tapped board member John McGoldrick to serve in the newly created post of nonexecutive chairman. McGoldrick has been a Zimmer board member since 2001 and serves as chairman of the corporate governance committee.
Elliott, who announced plans to retire last November, stepped down in May from his posts as president and chief executive officer when the company appointed David Dvorak to take over those positions. -- by Shawn Rhea