Intuitive Surgical long-time CEO to step down; shares drop

Intuitive Surgical

15/05/2025 14:39

** Shares of medical device maker Intuitive Surgical ISRG.O fall 2% to $555 in early trading

** ISRG says long-time CEO Gary Guthart to step down, effective July 1; President Dave Rosa promoted as CEO

** Guthart, who has been at the helm since 2010, will take on a new role as executive chair of Intuitive's board

** Current board Chair Craig Barratt will become lead independent director

** As of last close, stock up 8.4% YTD

 (Reporting by Siddhi Mahatole)

 ((siddhi.mahatole@thomsonreuters.com))