Bruker Corporation Appoints Charles F. Wagner, Jr. as Executive Vice President and New Chief Financial Officer
07 June 2012 - 9:00PM
Business Wire
Bruker Corporation (NASDAQ: BRKR) today announced the
appointment of Charles F. Wagner, Jr. as its Executive Vice
President (EVP) and new Chief Financial Officer (CFO), effective on
or about June 30, 2012. William J. Knight, the Company's current
CFO, will continue to serve as a member of the Company’s senior
management team and will work with Mr. Wagner to ensure a smooth
transition of his responsibilities as CFO.
Bruker Corporation Appoints Charles F.
Wagner, Jr. as Executive Vice President and New Chief Financial
Officer (Photo: Business Wire)
Frank Laukien, Bruker’s President and Chief Executive Officer,
stated: “Since joining us in 2010, Charlie has made significant
contributions as a member of our board of directors and of our
audit committee. We believe that he will be an excellent addition
to the Company’s executive leadership team, and his prior
experience as a member of our Board and as a public company CFO
will further enhance and broaden the strength of our finance
organization. Charlie will also strongly contribute to our
operational excellence initiative, as well as to our corporate
development and strategy evolution. I am delighted that Charlie has
agreed to move from service on the Board to becoming our next CFO,
and I am confident that he has the experience and initiative to
become a major driver of our strategy to pursue market leadership,
profitable growth and high returns on invested capital.”
Dr. Laukien added: “Over the past eight years, serving at times
as Bruker’s CFO and as Chief Operating Officer, Bill Knight has
very significantly contributed to our commercial and financial
success. During Bill’s tenure as CFO or COO, Bruker Corporation has
grown from about $300 million to over $1.6 billion in annual
revenue, with fast organic growth and the acquisitions of the
previously privately held Bruker Optics and Bruker BioSpin
divisions. During the same time period, the Bruker Scientific
Instruments segment has greatly expanded its gross and operating
margins, while maintaining a conservative balance sheet and greater
than 20% RoIC in our last fiscal year 2011. We appreciate Bill’s
many contributions to Bruker, and we are looking forward to his
continued success as a senior Bruker manager.”
Mr. Wagner commented: “Bruker is an outstanding company that I
have come to know well over the last two years. I am pleased to be
joining the company as CFO, and working with the management team to
drive execution of the company’s strategies. With emphasis on
growth and on expanding margins, the company is well positioned to
create further shareholder value in coming years.”
Since August 2010, Mr. Wagner has been a member of the Company's
Board of Directors and a member of the Audit Committee of the
Board, roles that he stepped down from effective June 4, 2012.
Chris van Ingen, an independent director of the Company, has been
elected to serve on the Audit Committee as of June 4, 2012.
Mr. Wagner brings over twenty years of financial and management
experience to his new role as Bruker’s EVP and CFO, including
experience as the CFO of two publicly traded companies and
expertise in financial analysis, and strategic planning and
development. He most recently served as Executive Vice President of
Finance and Administration and CFO of Progress Software
Corporation, a provider of enterprise software located in Bedford,
Massachusetts, from November 2010 to March 2012. Prior to joining
Progress Software, Mr. Wagner served as Vice President and CFO of
Millipore Corporation, a global provider of products and services
in the life science tools market, from 2007 until July 2010, when
Millipore was acquired by Merck KGaA. Mr. Wagner joined Millipore
in 2002 and from 2003 to 2007 served as Vice President, Strategy
and Corporate Development. From 1997 to 2002, he served in various
roles at Bain & Company after having served as Manager,
Accounting Analysis, at Millipore from 1995 to 1996 and as Manager
at Coopers & Lybrand from 1990 to 1995. Mr. Wagner holds a B.S.
from Boston College and a M.B.A. from Harvard Business School.
CAUTIONARY STATEMENT OF BRUKER CORPORATION
Any statements contained in this press release that do not
describe historical facts may constitute forward-looking statements
as that term is defined in the Private Securities Litigation Reform
Act of 1995. Any forward-looking statements contained herein are
based on current expectations, but are subject to risks and
uncertainties that could cause actual results to differ materially
from those projected, including, but not limited to, risks and
uncertainties relating to the delayed start date of Mr. Wagner’s
employment and other factors identified and described in our
filings with the SEC, including, without limitation, our annual
report on Form 10-K for the year ended December 31, 2011, our most
recent quarterly reports on Form 10-Q and our current reports on
Form 8-K. We expressly disclaim any intent or obligation to update
these forward-looking statements other than as required by law.
ABOUT BRUKER CORPORATION
For more information about Bruker Corporation, please visit
www.bruker.com.
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