Waters Corporation Announces Christopher J. O'Connell as Chief Executive Officer
25 June 2015 - 11:15PM
Business Wire
Waters Corporation (NYSE:WAT) today announced that Christopher
J. O'Connell has been appointed as its new President, Chief
Executive Officer (CEO) and member of its Board of Directors,
effective in September 2015. Chris joins Waters® from Medtronic
plc.
"From the outset, Waters' Board of Directors focused on
identifying a new CEO whose experience best supports the
continuation of Waters' culture, business strategies and
performance drivers," explained Thomas P. Salice, Lead Director for
Waters Corporation. "Chris O'Connell's wide range of experiences
across all aspects of a technology focused global organization
prepares him well for the Waters CEO position. Through the process
of getting to know him, we found a leader who reflects Waters' core
values in addition to being an extremely motivated, thoughtful and
engaging person. We are confident Chris is the right person to
continue to drive Waters’ leadership performance and chart its
future direction."
"I am thrilled to join Waters Corporation," said Mr. O'Connell.
"Not only am I excited to enter an industry that enables its
customers to advance and push the limits of science, but I’m very
proud to join the industry's technology and customer support
leader, and to be given the opportunity to lead a remarkable group
of people.”
Over his 21 years at Medtronic, Chris O'Connell held a variety
of leadership positions, most recently as president of the
Restorative Therapies Group responsible for $7 billion in revenue
and more than 16,000 employees worldwide. He provided overall
strategic direction and operational management of the Group’s five
divisions, as well as led the integration of the Group’s activities
within the overall strategy of the corporation. Chris earned a
Bachelor’s degree from Northwestern University and a Master’s
degree in Business Administration from Harvard University.
Retiring CEO, Douglas A. Berthiaume will continue in his role as
Chairman of Waters' Board of Directors. All other leadership
positions within Waters will remain in place with their continued
focus on executing the Company’s growth strategies.
"With this leadership transition, it is important to recognize
Doug Berthiaume for all that he accomplished as Waters' President,
CEO and Chairman of the Board," said Mr. Salice. "As the leading
architect of the company's focused business strategy, Doug oversaw
Waters’ drive to expand applications of our core technologies and
commitment to customer relationships. Impressively, the corporation
has experienced a 35-fold increase in share value since Doug led
the effort taking the company public in November 1995. We offer our
heartfelt gratitude to Doug and look forward to his continued role
as Chairman."
About Waters Corporation (www.waters.com)
Waters Corporation (NYSE: WAT) develops and
manufactures advanced analytical science technologies for
laboratory-dependent organizations. For more than 50 years, the
company has pioneered a connected portfolio of separations science,
laboratory information management, mass spectrometry and thermal
analysis systems.
Waters is a registered trademark of the Waters Corporation.
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version on businesswire.com: http://www.businesswire.com/news/home/20150625005172/en/
Waters CorporationJohn Lynch, 508-482-2314Investor
RelationsJohn_Lynch@waters.comorJeff Tarmy, 508-482-2268Corporate
CommunicationsJeff_Tarmy@waters.com
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