Orthofix names Vaters chief financial officer

Orthopedic product maker Orthofix International NV of Boston said today it appointed Robert S. Vaters a chief financial officer and executive vice president.

Vaters replaces Tom Hein, who will become Orthofix's executive vice president of finance.

Vaters is general partner of a health care private equity firm and is a former executive at Inamed Corp., a medical device company acquired by Allergan Inc.

(Images of some of Orthofix products were taken from the company's website. The sports medicine bracing product shown at right might be something that Patriots quarterback Tom Brady needs to check out.)

"Bob's experience in providing financial leadership for global companies and his knowledge of the medical device industry will be valuable assets as we continue to focus on strengthening our legacy businesses while executing the strategy for our emerging spine business," Orthofix's chief executive Alan Milinazzo said in a statement. (AP)