By Kimberly Chin

 

Danaher Corp. has named Rainer Blair as its next president and chief executive, succeeding Thomas Joyce Jr., who intends to retire on Sept 1.

The Washington, D.C., company said Mr. Joyce, who started at Danaher in 1989, will remain a senior adviser for the company through Feb. 28, 2021. He has held the CEO role since September 2014.

Mr. Blair joined the company in 2010 as president of North America and Europe for Videojet, and has since been promoted to more senior roles. Most recently, he oversaw Danaher's life sciences platform.

Under Mr. Blair's leadership, revenues from the life sciences platform grew from $2.4 billion annually in 2015 to about $10 billion currently, the company said.

"With the support of our senior leadership team and Board, I am confident that Rainer is well-prepared to execute our strategic priorities and create significant long-term value for shareholders," said Mr. Joyce in prepared remarks.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

May 06, 2020 18:02 ET (22:02 GMT)

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