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February 27, 2018

Wallingford's Z-Medica names new CEO

Screenshot | Hologic Eric B. Compton will take over as Z-Medica CEO in early March. This image is a screenshot of a video his previous employer, Hologic, posted on its media page.

Wallingford-based Z-Medica, which makes medical clotting products for serious wounds and injuries, announced on Tuesday that it’s hired a Massachusetts health tech exec as its new CEO.

Eric B. Compton will become Z-Medica’s president and CEO effective March 5. Until the end of 2017, he was chief operating officer at publicly traded Hologic, which makes women’s healthcare technology and products.

He succeeds Stephen Fanning, who Z-Medica hired in April 2014.

The company said Fanning is stepping down to pursue a new career opportunity that brings him closer to his family on the West Coast. Fanning told HBJ in 2014 that he had been traveling between Wallingford and California on a weekly basis.

He will remain a member of Z-Medica’s board of directors.

Compton had worked at Marlborough, Mass.-based Hologic since 2014. For the year ended Sept. 30, 2017, he earned total compensation and benefits worth $2.9 million, according to Hologic’s U.S. Securities & Exchange Commission filings.

Z-Medica declined to disclose his new salary.

“We are incredibly excited by Eric’s appointment to Z-Medica,” the company’s board chairman, Ernest Waaser of Linden Capital Partners, said in a statement. “His deep healthcare experience, strong leadership skills and passion for growth will continue to drive Z-Medica to even greater success. We also wish Steve the very best in his future endeavors and thank him for his great leadership and contribution in building Z-Medica into the outstanding hemostatic products business it is today.”

In a statement, Compton said he wants to build on recent momentum at Z-Medica that includes upgrades to internal operating systems and increases in sales and support staff.

Compton previously worked for Johnson & Johnson and Procter & Gamble. He has a master’s degree in business administration from Kennesaw State University in Georgia and a bachelor’s degree from the University of Richmond in Virginia.

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