Location: Wayne, PA
Industry: Healthcare/Life sciences
Timothy F. Duffy
VP and CIO
Years in role: 5
Years at company: 5
SPIRIT OF INNOVATION: In cultivating innovation at Teleflex Incorporated, VP and CIO Timothy F. Duffy relies on the principles of servant leadership, along with leveraging the organization’s top talent. “It is my role to ensure that our technology solutions are aligned to the priorities of the company, and the investment dollars are not wasted on technology that does not improve the value of our company,” he says.
FUN FACT: “I sing tenor in a choir and have a passion for music and the arts.”
COMPETITIVE ADVANTAGE: Each year, Teleflex looks to drive revenue growth to anywhere from the mid- to high single digits. “A good portion of our growth comes from mergers and acquisitions, and from an IT standpoint, we have developed and executed a playbook on integrating companies such that there are no issues with business continuity, order to cash cycles, manufacturing and supply chain, financial operations, control and reporting, and synergy realization,” says Duffy.
ABOVE AND BEYOND: Duffy and his team are always working on making Teleflex’s technology better. “Any time we have a legacy dollar to spend, one of the things we’ve been very creative at is to figure out how we can obviate or just obsolete that technology spend and then put it into something more progressive,” he says. “But we don’t go out there and put the company at risk doing bleeding-edge stuff. We like to temper what we’re doing. The things that we do go directly back to what we’re trying to do collectively as a company.”