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 Eric Sagonowsky (email) or Amirah Al Idrus (email | Twitter), and we will feature it here at the end of each week.
Quintiles names Jack Greenberg its next chairman |
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Effective Jan. 1, Jack Greenberg will assume the chairmanship at Quintiles ($Q), the world's largest CRO, as founder and current chairman Dennis Gillings is set to relinquish his position and become a director. The transition marks the end to 33 years in charge of the North Carolina company for Gillings, who stepped aside as chief executive in 2012; Tom Pike now holds that position. Greenberg has served as a Quintiles director since 2004; he's also served as chairman of Western Union ($WU) and global marketing supply chain company InnerWorkings ($INWK). He's been chairman and CEO of McDonald's ($MCD) and a director at Allstate ($ALL) and Hasbro ($HAS). What is now Quintiles grew out of Gillings' work as a contract researcher when he was a biostatistics professor at the University of North Carolina at Chapel Hill back in 1974. With Gillings as its CEO, the company incorporated in 1982 and went public in 1994. It took a private equity buyout in 2003 and, under Gillings' leadership, returned to Wall Street in 2013 with an IPO worth nearly $1 billion. Now, Quintiles is a Fortune 500 company with more than 35,000 employees around the world and more than $4 billion in revenue each year. Story | Release
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