Adagio Medical Holdings down; founder, CEO Olav Bergheim steps down

Adagio Medical Holdings

16/12/2024 15:10

** Shares of medical devices developer Adagio Medical
Holdings  ADGM.O  fall as much as 6.3% to $1.89 in early trade
    ** Co says founder and CEO Olav Bergheim is stepping down
effective Dec. 13
    ** Appoints Todd Usen, previously CEO of Minerva Surgical
and Activ Surgical, as new CEO
    ** Bergheim to serve as an advisor through Dec 12, 2025
    ** Including session moves, stock has fallen ~82% YTD

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))