TNDM - Parexel Announces CEO Succession Plan | Benzinga
DURHAM, N.C., March 18, 2024 (GLOBE NEWSWIRE) -- Parexel, one of the world's largest clinical research organizations (CROs) providing the full range of Phase I to IV clinical development services, today announced that Jamie Macdonald will retire and transition his role as Chief Executive Officer (CEO) to the company's Chief Operating and Growth Officer Peyton Howell effective May 15, 2024. Ms. Howell, who joined Parexel in 2018 as Chief Commercial and Strategy Officer, will be appointed to the company's Board of Directors May 15. Mr. Macdonald will continue on the Board through Dec. 31, 2024, and will remain an industry advisor to EQT and the largest individual investor in Parexel.
"On behalf of EQT, Goldman Sachs Asset Management and the Parexel Board of Directors, I want to congratulate Peyton and thank Jamie for his contributions and outstanding leadership over the past six years," said Sheri McCoy, Chairperson of the Board. "Jamie guided Parexel through a pivotal time in the company's evolution, leading it through its successful acquisition by EQT and Goldman Sachs Asset Management in 2021 and achieving industry-leading profit growth across his tenure with the company — outpacing the top-tier CROs during this same period to position Parexel for sustainable growth."
She continued, "Peyton Howell is a proven strategic leader and strong successor to carry Parexel forward into its next chapter. Her deep understanding of the industry, unmatched energy and passion for improving patient lives and commitment to creating value for shareholders, customers and colleagues make her the ideal candidate to lead Parexel through this exciting next phase. Together, she and Jamie have worked to ensure Parexel is well positioned for the future."
"It's been a privilege to lead Parexel during this critical period in the company's strategic transformation," said CEO Jamie Macdonald. "Our commitment and focus on the patient have continued to differentiate Parexel, drive ...