Masimo CEO Joe Kiani Resigns Amid Proxy Battle and Legal Dispute with Apple

Kiani's resignation follows a shareholder vote influenced by Politan Capital Management, not the Apple Watch sales ban.

Joe Kiani, founder and CEO of Masimo, has resigned after losing a shareholder vote led by Politan Capital Management.
Michelle Brennan, a long-time healthcare executive, has been appointed as interim CEO of Masimo.
The resignation comes amid a legal battle with Apple over patent infringements related to the Apple Watch’s blood oxygen monitoring feature.
Apple Watch sales in the U.S. were temporarily banned due to Masimo’s patent claims, leading Apple to disable certain features.
Kiani had previously indicated he would quit if replaced by a Politan nominee, and his departure raises questions about future negotiations with Apple.