Tecan to Look for New CEO
In a conference call, Tecan emphasized that the decision had nothing to do with any company troubles and that the announcement’s timing was related to the date of a Board meeting. Tecan also stated that it is looking for a CEO with a long background in the life science industry and both a commercial and scientific understanding of the market. A new CEO will be appointed prior to Mr. Bachmann’s departure.
Männedorf, Switzerland 10/7/11—Tecan has announced the initiation of a succession process for its CEO. Tecan’s Board in coming months will elect a new CEO, replacing current CEO Thomas Bachmann, whose employment ends October 31, 2012. The company stated that the process follows its strategic realignment of the last two years, which has resulted in a solid foundation for the business. ”Forward-looking CEO succession planning is one of our prime responsibilities as Directors of the Board,” said Tecan Chairman Rolf Classon, who also praised Mr. Bachmann. “We are convinced that this is the right time to initiate this process, with the foundation for future accelerated growth now being laid. By announcing it early, we are in a position to address this task transparently.”
