Welcome to this week's Chutes and Ladders, our roundup of hirings and retirings throughout the industry. Please send the good word--or the bad--from your shop to Michael Gibney (email | Twitter) or Amirah Al Idrus (email | Twitter), and we will feature it here at the end of each week.
Dennis Gillings to step down as Quintiles chairman after 30-plus years |
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Dennis Gillings announced that he plans to step down as executive chairman of Quintiles ($Q) at the end of the year. Gillings founded the company in 1982 and served as CEO until 2012, building it into a $4-billion-a-year CRO. In his announcement, Gillings endorsed CEO Tom Pike, who took over in 2012, saying Pike "has provided outstanding leadership as CEO." Gillings will remain on the company's board of directors and Quintiles will search for a new chairman. "The company is ready on every level, with strong management, a robust growth strategy and effective governance, reflected in this thoughtful Board transition," Gillings said in a statement. "I look forward to my continuing Quintiles board duties and partnership with Tom." At Quintiles' 2013 IPO, Gillings and private equity backers grossed more than $400 million; the group later earned $1 billion in a follow-on offering. Story | Statement
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