Exactech Promotes David Petty To CEO

(RTTNews) - Exactech, Inc. (EXAC) said Wednesday that it has promoted President David Petty to Chief Executive Officer effective immediately.

Dr. Bill Petty, co-founder and CEO of the company since 1985, was named Executive Chairman.

David Petty, 47, was named president of the company and elected to the board of directors in December 2007. He previously served as executive vice president of sales and marketing from February 2000 until December 2007. Since joining the company in 1988, he has been employed in successive capacities in the areas of operations, sales and marketing. He served as vice president of operations from April 1991 until April 1993 and vice president of marketing from 1993 until 2000. He was a director of the company from March 1989 until March 1996; from January 2002 until May 2003; and again from 2008 to the present.