Biomet Hires New President, CEO

Biomet's Board of Directors has hired a new president and chief executive officer. The Warsaw orthopedic company's board announced today that it has appointed 43-year-old Jeffrey R. Binder to the position. Binder most recently served in senior management roles at Abbott Laboratories. Binder replaces Daniel P. Hann, who has served as interim president and chief executive officer. Hann will remain as executive vice President of administration and a member of the Board of Directors.