Carestream has appointed Todd Clegg its new CEO, effective immediately. Clegg, who previously served as the interim CEO since December 1, also joins the company's board of directors.

Bringing over two decades of experience, Clegg has a notable background in executive leadership, investment, and board membership. He joined the Rochester, New York-based imaging company in October 2023 and has been the company’s interim CEO since December.

“I am excited to continue in my role as leader of Carestream and to build upon the success we’ve had over the last six months,” he said in a statement. “Carestream has been a consistent leader in the healthcare and nondestructive testing markets with innovative products and solutions and we expect this to continue going forward. I also want to thank the Carestream team and Board for welcoming me into the organization and for their support getting me up to speed quickly and effectively.”

Before his tenure at Carestream, he was a managing director at Onex, where he led numerous high-value investments and strategic initiatives over 17 years. Prior to Onex, Todd was an investment banker at JPMorgan.

His career portfolio includes significant roles in 14 platform company investments and more than a hundred add-on investments and financings. Clegg is also associated with several prominent boards including Lannett Company, QualTek Services, and the Goddard Center, and holds a degree from the University of Pennsylvania’s Wharton School of Business.

In February, Caresteam announced that over the next few months it will shutter its Windsor, Colorado manufacturing facility, transferring operations to different locations and laying off 210 of the 236 employees at the site.

Business Affairs Homepage