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Why Joe Kiani Resigned as Masimo CEO—and What Happened Next

Kiani’s CEO resignation notice came after shareholders did not reelect him to Masimo’s board. Here’s how the leadership transition and employment dispute unfolded.
From TheFinanceBase Team2 min to read
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Joe Kiani notified Masimo’s board on September 19, 2024, that he had decided to resign as CEO, after shareholders did not reelect him to the company’s board. The events were related in timing, but shareholders voted on his board seat—not on his CEO resignation. Masimo appointed Michelle Brennan interim CEO, later terminated Kiani’s employment, and named Katie Szyman CEO in 2025.

What happened on September 19, 2024?

At Masimo’s annual meeting, shareholders did not reelect Kiani as a director. Masimo’s filed results show 19,484,844 votes for him and 29,263,821 votes withheld. Those figures concern the director election; they are not a vote on his CEO resignation. William Jellison and Darlene Solomon were elected directors, according to Masimo’s meeting-results filing.

After the meeting, Kiani notified the board that he had decided to resign as CEO. In a California state court claim concerning his employment agreement, he asserted that he had validly terminated his employment for “Good Reason.” The filing establishes his position in the dispute, not a final legal ruling on whether that claim was valid. Masimo’s filing describes the meeting and the claim.

Who replaced Kiani?

Michelle Brennan became interim CEO

Masimo’s board appointed director Michelle Brennan interim CEO effective September 24, 2024. The company said it retained Korn Ferry to assist with CEO succession planning. In its September 25 announcement, Masimo also said the board remained committed to reviewing strategic alternatives for its consumer audio and consumer healthcare businesses; that statement did not announce a completed sale. Masimo’s announcement.

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Katie Szyman became CEO in 2025

Katie Szyman’s appointment as CEO took effect February 12, 2025, and Brennan became board chair. Masimo’s announcement records the leadership change.

How did the employment dispute and transition unfold?

Date Action What it means
September 19, 2024 Shareholders did not reelect Kiani to Masimo’s board; afterward, Kiani notified the board of his decision to resign as CEO and filed a California claim. The director election, CEO resignation notice, and employment claim were separate events. Source.
September 24, 2024 Brennan’s interim CEO appointment took effect. She was the interim leader while the company planned succession. Source.
October 24, 2024 Masimo’s board adopted resolutions terminating Kiani’s employment, effective that day, after a review by outside counsel. This was a later board action, distinct from Kiani’s resignation notice. The “Good Reason” dispute should not be treated as resolved by this action. Source.
February 12, 2025 Szyman’s CEO appointment took effect; Brennan became board chair. The interim period ended with a new CEO. Source.
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What is Masimo’s status now?

Danaher completed its acquisition of Masimo on June 10, 2026. Masimo continues as an operating company within Danaher’s Diagnostics segment, but is now a wholly owned subsidiary; its common stock ceased trading on Nasdaq. Danaher’s completion announcement.

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Tim Benner’s appointment as Masimo president took effect August 3, 2026, and the company’s current leadership page lists him in that role. Masimo leadership; Masimo’s appointment announcement.

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