IRVINE, California, January 3, 2015 – McDermott & Bull, a Southern California-based retained executive search firm, announced the successful appointment of Mr. John Calcagno as Chief Financial Officer with Posey Company headquartered in Arcadia, California.

This executive recruiting engagement was conducted by Craig Lipus, Partner, and Garrett Lipus, Principal Consultant, at McDermott & Bull Executive Search. According to Mr. Lipus, “John brings significant experience to the CFO role at Posey that the Company will benefit from for years to come. John is a classically trained public company CFO with med device manufacturing and operating experience, having lead companies through significant growth, investment and change.”

Mr. Calcagno is an experienced financial leader with over 20 years of experience.  In addition to a strong manufacturing background, he has experience driving forecasting, budgeting and business planning processes. Prior to his placement with Posey Company, Mr. Calcagno was the Chief Financial Officer and Chief Operating Officer at CooperVision and most recently, Vice President, and Co-Founder of Wind Generation, Inc.

Mr. Calcagno earned his Bachelor of Science degree from St. John Fisher College.  He is a Certified Public Accountant and a member of the Financial Executives Networking Group.

About Posey Company

John Thornton Posey founded the Posey Company ( in 1937, when he built a bed cradle for a hospitalized friend who complained about the weight of the bedcovers on his feet. The hospital liked the idea, and asked for a price for 12 bed cradles. The Posey Company landed its first order, and made a profit of $12. As John Posey showed the bed cradles to other hospitals in the San Francisco area, he was asked to develop other products to assist in patient care. Soon, he expanded his travels beyond San Francisco, and after many years, John built a company with a worldwide reputation for innovative and practical healthcare products. In 1991, John handed the president’s gavel to his third son, Ernie, while maintaining a leadership role as Chairman of the Board. Today, the Posey Company manufactures over 600 products around the globe. Every Posey product engineered and manufactured by their dedicated team continues on a tradition of quality products and patient care.

About McDermott & Bull

McDermott & Bull, Inc. ( is a retained executive search firm headquartered in Irvine, California. The firm serves both public and privately held clients in a variety of industries and functional areas. McDermott & Bull has developed expertise in fields including Technology, Financial Services, Manufacturing, Retail, Professional Services, and others. Founded by Rodney McDermott and Christopher Bull, the firm specializes in recruiting difficult-to-find and critical senior level talent for its clients. McDermott & Bull has worked with a large number of prestigious clients including AECOM, Broadcom, First American Financial, Allergan, Panda Express, Anaheim Ducks,, Local Corp, ICU Medical, and Taylor Guitars.