Edgepark Medical parent company hires ex-GE executive as CEO

The parent company of Edgepark Medical Supplies and Independence Medical has hired the former CEO of GE Lighting for its top spot.

HGI Global Holdings said its appointment of Michael Petras Jr. as CEO is effective as of March 21, according to a statement from the company.

HGI was purchased for $850 million last year by New York City private equity firms Clayton, Dubilier & Rice and Goldman Sachs’ GS Capital Partners. The CEO role has been vacant since then.

HGI is a mail-order, direct-to-home provider of specialty medical products for chronic disease patients. The company offers customers more than 30,000 products in growing chronic disease market segments including ostomy, diabetes, urological, enteral, incontinence and wound care.

Petras, 43, had held various management positions with General Electric since 1995. A Cleveland native, Petras holds an MBA from Case Western Reserve University and a bachelor’s degree from John Carroll University.

HGI’s chairman, Paul Pressler, said Petras is “well-versed in distribution businesses and will bring to the organization deep sales, marketing and brand-management experience.”