Masimo Appoints New Executives, Resolves Cybersecurity Incident, and Boosts Profit Forecast

Masimo Corporation, a leading medical technology company specializing in patient monitoring devices, has announced several significant developments in its latest quarterly report. The company has appointed new senior executives, successfully resolved a recent cybersecurity incident, and increased its profit forecast for 2025. These developments come amidst ongoing discussions about the company's partnership with Philips and the planned divestiture of its Sound United division.

New Leadership and Organizational Changes

Masimo's CEO Katie Szyman, who joined the company in February 2025 from BD, unveiled a series of high-profile appointments to strengthen the company's leadership team. Notable hires include:

• Greg Meehan as Chief Commercial Officer
• Huimin Wang as President of Japan and Asia Pacific
• Tim Benner as Chief Marketing and Strategy Officer
• Linnette Torres as Executive Vice President of Quality and Regulatory
• Giri Chodavarapu as Chief Information Officer

Additionally, Omar Ahmed was promoted to the position of Chief Technology and Innovation Officer. These appointments are part of Masimo's ongoing efforts to restructure its operations and improve efficiency following the departure of founder Joe Kiani after a proxy battle.

Financial Performance and Outlook

Masimo reported strong financial results for the second quarter of 2025:

• Revenue: $370.9 million, a 7.9% increase year-over-year
• Net income from continuing operations: $44.9 million, an 81% increase year-over-year
• Adjusted earnings per share growth: 46% year-over-year

The company has raised its full-year earnings forecast, now projecting adjusted earnings in the range of $5.20 to $5.45 per share, up from the previous forecast of $4.80 to $5.15. This increase comes despite the impact of tariffs, which Masimo has managed to mitigate through cost-reduction measures.

Cybersecurity Incident Resolution and Operational Recovery

Masimo successfully resolved a cybersecurity incident that was discovered on April 27, 2025. The attack had affected some of the company's manufacturing facilities, disrupting its website and several computer systems. CFO Micah Young reported that Masimo incurred net expenses of approximately $4.5 million to recover and fortify its systems with the assistance of external experts. The company is now fully operational, having overcome the temporary disruptions in order fulfillment caused by the incident.