Danaher Appoints Rainer M. Blair As President And CEO

Rhea-AI Summary

Danaher Corporation (NYSE: DHR) announced the appointment of Rainer M. Blair as the new President and Chief Executive Officer, effective September 1, 2020. This follows the retirement of Thomas P. Joyce, Jr., who will continue to support the company as a senior advisor until February 28, 2021. The succession plan aims to ensure leadership continuity and maintain Danaher's commitment to innovation in health care and environmental sectors. Danaher operates over 20 companies and employs more than 67,000 associates worldwide.

Positive

• Rainer M. Blair's appointment could bring fresh perspectives to leadership.
• Continuity in advisory support from Thomas P. Joyce, Jr. until February 2021.

Negative

• Potential concerns about leadership continuity during the transition period.

News Market Reaction – DHR

+0.76%

+0.76% Session move

In the trading session that priced this news, DHR gained 0.76%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

WASHINGTON, Sept. 1, 2020 /PRNewswire/ -- Danaher Corporation (NYSE: DHR) ("Danaher" or "the Company") announced that the Company's Board of Directors has implemented its previously disclosed succession plan and appointed Rainer M. Blair as President and Chief Executive Officer and a member of the Board of Directors effective today, September 1, 2020. Mr. Blair's predecessor, Thomas P. Joyce, Jr., retired from these positions and will continue to support Danaher as a senior advisor through February 28, 2021.

ABOUT DANAHER
Danaher is a global science and technology innovator committed to helping its customers solve complex challenges and improving quality of life around the world. Its family of world class brands has leadership positions in the demanding and attractive health care, environmental and applied end-markets. With more than 20 operating companies, Danaher's globally diverse team of more than 67,000 associates is united by a common culture and operating system, the Danaher Business System, and its Shared Purpose, Helping Realize Life's Potential. For more information, please visit www.danaher.com.

 

View original content:http://www.prnewswire.com/news-releases/danaher-appoints-rainer-m-blair-as-president-and-ceo-301122338.html

SOURCE Danaher Corporation

FAQ

Who is the new CEO of Danaher Corporation?

Rainer M. Blair has been appointed as the new President and Chief Executive Officer of Danaher Corporation.

When did Rainer M. Blair start as CEO of Danaher?

Rainer M. Blair officially became CEO on September 1, 2020.

What position will Thomas P. Joyce, Jr. hold after retiring as CEO?

Thomas P. Joyce, Jr. will continue to support Danaher as a senior advisor until February 28, 2021.

What is Danaher's business focus?

Danaher is focused on science and technology innovation in health care, environmental, and applied end-markets.

How many companies does Danaher operate?

Danaher operates over 20 companies worldwide.