Summary
Intuitive Surgical, Inc. (ISRG) announced significant leadership changes effective July 1, 2025. David J. Rosa, currently President, will be appointed Chief Executive Officer, succeeding Dr. Gary S. Guthart. Dr. Guthart will transition to the role of Executive Chair of the Board, retaining his director position. Craig H. Barratt, Ph.D., current Board Chair, will assume the role of lead independent director. These changes reflect a planned succession and aim to leverage Mr. Rosa's extensive experience within the company for future growth. In conjunction with these transitions, compensation adjustments have been made. Mr. Rosa's base salary will increase, and his bonus target will be enhanced, alongside significant equity awards in the form of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). Dr. Guthart's compensation will be adjusted to reflect his new role as Executive Chair and senior advisor, with a reduced base salary and no bonus eligibility going forward, though he will receive a pro-rated bonus for fiscal year 2025. These moves are designed to ensure a smooth leadership transition and align executive incentives with the company's strategic objectives.
Key Highlights
- 1David J. Rosa appointed as the new Chief Executive Officer, effective July 1, 2025.
- 2Dr. Gary S. Guthart will transition from CEO to Executive Chair of the Board.
- 3Craig H. Barratt, Ph.D. will serve as the lead independent director, effective July 1, 2025.
- 4David J. Rosa's annual base salary to increase from $825,000 to $925,000.
- 5David J. Rosa to receive equity awards totaling $8 million, comprised of RSUs and PSUs.
- 6Dr. Gary S. Guthart's base salary to decrease from $1,050,000 to $700,000, with no future bonus eligibility.
- 7The company issued a press release on May 15, 2025, announcing these executive leadership changes.