|Quintiles CEO Tom Pike|
Quintiles ($Q), the world's largest CRO, is promoting a new chief operating officer from within and bringing on an external chief financial officer as the company rolls toward a record revenue year.
The North Carolina company is promoting current CFO Kevin Gordon to the COO spot, a job left open since John Ratliff resigned at the end of 2013. Gordon joined Quintiles in 2010, presiding over a slew of acquisitions and the company's $950 million IPO.
Taking Gordon's CFO position will be Michael McDonnell, currently filling the same role at satellite service company Intelsat. McDonnell is expected to join Quintiles in December, at which point Gordon will move on from CFO into his new position, the company said.
"With Kevin as chief operating officer, we are formalizing many of his activities with customers, our executives and employees," Quintiles CEO Tom Pike said in a statement. "... I am also very excited about Mike joining our leadership team. With a solid public company finance foundation, Mike has demonstrated financial and accounting expertise and business acumen in leading companies in complex, dynamic industries."
Meanwhile, Quintiles is expecting to post about 9% annual revenue growth for 2015, pulling off a string of $1 billion quarters as it expands its reach around the world. In the second quarter, Quintiles topped analyst estimates with $1.1 billion in revenue, marking 3.8% year-over-year growth.
- read the statement