Joe Kiani, the CEO and founder of Masimo, has resigned after a tough legal dispute with Apple.
Masimo accused Apple of infringing on the blood oxygen monitoring technology used in the Apple Watch. This led to a court ruling that forced Apple to disable the feature in the U.S.
Kiani’s resignation comes shortly after Masimo’s shareholders voted him out of the company’s board, following pressure from Politan Capital Management, a major investor in Masimo.
Despite his departure, Masimo’s leadership remains strong, with Michelle Brennan, a healthcare expert, stepping in as interim CEO.
Masimo has been exploring new directions for its consumer business, which includes health-tracking devices and audio products.
The company has received offers for this part of its business and continues to evaluate its options.
The legal battle between Masimo and Apple has been intense, but Masimo remains focused on growth and innovation under its new leadership.
This change marks a new chapter for Masimo, while Kiani’s future remains unclear.