President and CEO Kevin Sayer Appointed Chairman of the Board
SAN DIEGO--(BUSINESS WIRE)--Aug. 1, 2018--
the leader in continuous glucose monitoring for people with diabetes,
announced today that Terry Gregg has retired as the Company’s Executive
Chairman and from the Company’s Board of Directors after 13 years with
Dexcom. Kevin Sayer has been appointed Chairman of the Board, in
addition to his current duties as President and CEO.
“My retirement and today’s transition represent the final steps of the
vision we established several years ago. The Company is ideally
positioned to drive Continuous Glucose Monitoring (“CGM”) to the
objectives we always contemplated – the standard of care for all
insulin-using patients and ultimately a key technology across
healthcare. Our Board is strong and very excited for Kevin to assume
these additional responsibilities,” said Terry Gregg.
Mr. Gregg joined the Dexcom Board of Directors in 2005 and served as
Dexcom's CEO from June 2007 through January 2015. He has been the
Company’s Executive Chairman since January 2015. During his tenure, the
Company launched six generations of CGM technologies and grew from
nominal revenues to a currently estimated $925 million in 2018 revenues
(based upon the Company’s updated financial guidance). Dexcom’s
footprint has expanded to more than 40 countries around the world and to
approximately 2,300 full-time employees worldwide.
"We all want to express a heartfelt thank you and congratulations to
Terry for his many years of dedication to Dexcom," said Kevin Sayer,
Dexcom’s Chairman, President and CEO. "His commitment to ’patients
first’ and intense drive to advance CGM technology leave an indelible
imprint on Dexcom’s culture. We all understand and participate in his
vision for Dexcom. We look forward to achieving those goals and going
About DexCom, Inc.
DexCom, Inc., headquartered in San Diego, CA, is dedicated to helping
people better manage their diabetes by developing and marketing
continuous glucose monitoring (CGM) systems for use by people with
diabetes and healthcare providers. With exceptional performance, patient
comfort and lifestyle flexibility at the heart of its technology, users
have consistently ranked DexCom highest in customer satisfaction and
loyalty. For more information on the Dexcom CGM, visit www.dexcom.com.
Cautionary Statement Regarding Forward Looking Statements
This press release contains forward-looking statements that are not
purely historical regarding DexCom’s or its management’s intentions,
beliefs, expectations and strategies for the future. All forward-looking
statements and reasons why results might differ included in this press
release are made as of the date of this release, based on information
currently available to DexCom, deal with future events, are subject to
various risks and uncertainties, and actual results could differ
materially from those anticipated in those forward looking statements.
The risks and uncertainties that may cause actual results to differ
materially from DexCom’s current expectations are more fully described
in DexCom’s quarterly report on Form 10-Q for the period ended June 30,
2018, as filed with the Securities and Exchange Commission on August 1,
2018. Except as required by law, DexCom assumes no obligation to update
any such forward-looking statement after the date of this report or to
conform these forward-looking statements to actual results.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180801005756/en/
Source: DexCom, Inc.
Steven R. Pacelli
Executive Vice President,
Strategy and Corporate Development