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home / news releases / VAR - Varian CEO to retire upon completion of acquisition by Siemens Healthineers

VAR - Varian CEO to retire upon completion of acquisition by Siemens Healthineers

Varian Medical Systems Inc.
Varian (VAR) CEO Dow Wilson will retire following the Siemens Healthineers AG's (SMMNY) acquisition of the company in a  previously announced $16.4B deal.Chris Toth, currently president and COO of Variant, will succeed Wilson, who will become CEO of the new Variant business segment under Siemens Healthineers.Wilson will stay on as a special advisor for a period to assist in the integration of the two companies.The acquisition, which is currently under European Union review, is expected to close in the first half of the year.Varian shares are unchanged at $175.91 in morning trading.

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Varian CEO to retire upon completion of acquisition by Siemens Healthineers
Stock Information
Company Name: Varian Medical Systems Inc.
Stock Symbol: VAR
Market: NYSE
Website: varian.com
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