Penumbra, Inc. Announces Don Kassing will Retire from Board of Directors
Rhea-AI Summary
Penumbra Inc (NYSE: PEN) announced that Don Kassing will retire from its board of directors effective April 1, 2025, after 17 years of service. Kassing, who joined the board in 2008 and has served as Presiding Director since 2015, brought significant experience from both academic and corporate sectors.
Kassing's extensive career includes serving as President of San Jose State University (2004-2008), Interim President (2010-2011), and Vice President of Administration and Finance/CFO (1993-2004). His corporate experience spans 11 years, including 8 years at Caleres Inc in merchandising/marketing and operations management, and 3 years in corporate finance at General Motors
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News Market Reaction
On the day this news was published, PEN declined 1.36%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"We are grateful for Don's many contributions to the board over the years, particularly his wisdom and guidance in complex situations and through our phases of growth," said Adam Elsesser, board chair, president and chief executive officer of Penumbra. "We also thank Don for his steadfast leadership and dedication to helping Penumbra advance our mission of helping more and more people over the years."
Mr. Kassing is President Emeritus of San Jose State University. Mr. Kassing served as President of San Jose State University from 2004 to 2008, Interim President from 2010 to 2011, and Vice President, Administration and Finance and Chief Financial Officer from 1993 to 2004. Prior to his tenure at San Jose State University, Mr. Kassing spent 18 years in higher education and 11 years in private industry, including eight years in merchandising/marketing and operations management at Caleres, Inc. (formerly known as the Brown Group, Inc.), a leading footwear retailer and wholesaler, and spent 3 years in corporate finance at the General Motors Corporation. Mr. Kassing received a B.A. and an M.B.A. from
About Penumbra
Penumbra, Inc., the world's leading thrombectomy company, is focused on developing the most innovative technologies for challenging medical conditions such as ischemic stroke, venous thromboembolism such as pulmonary embolism, and acute limb ischemia. Our broad portfolio, which includes computer assisted vacuum thrombectomy (CAVT), centers on removing blood clots from head-to-toe with speed, safety and simplicity. By pioneering these innovations, we support healthcare providers, hospitals and clinics in more than 100 countries, working to improve patient outcomes and quality of life. For more information, visit www.penumbrainc.com and connect on Instagram, LinkedIn and X.
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Penumbra, Inc.
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SOURCE Penumbra, Inc.
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