MILFORD, Mass.--(BUSINESS WIRE)--Jun. 25, 2015--
Waters
Corporation (NYSE:WAT) today announced that Christopher J. O'Connell
has been appointed as its new President, Chief Executive Officer (CEO)
and member of its Board of Directors, effective in September 2015. Chris
joins Waters® from Medtronic plc.
"From the outset, Waters' Board of Directors focused on identifying a
new CEO whose experience best supports the continuation of Waters'
culture, business strategies and performance drivers," explained Thomas
P. Salice, Lead Director for Waters Corporation. "Chris O'Connell's wide
range of experiences across all aspects of a technology focused global
organization prepares him well for the Waters CEO position. Through the
process of getting to know him, we found a leader who reflects Waters'
core values in addition to being an extremely motivated, thoughtful and
engaging person. We are confident Chris is the right person to continue
to drive Waters’ leadership performance and chart its future direction."
"I am thrilled to join Waters Corporation," said Mr. O'Connell. "Not
only am I excited to enter an industry that enables its customers to
advance and push the limits of science, but I’m very proud to join the
industry's technology and customer support leader, and to be given the
opportunity to lead a remarkable group of people.”
Over his 21 years at Medtronic, Chris O'Connell held a variety of
leadership positions, most recently as president of the Restorative
Therapies Group responsible for $7 billion in revenue and more than
16,000 employees worldwide. He provided overall strategic direction and
operational management of the Group’s five divisions, as well as led the
integration of the Group’s activities within the overall strategy of the
corporation. Chris earned a Bachelor’s degree from Northwestern
University and a Master’s degree in Business Administration from Harvard
University.
Retiring CEO, Douglas A. Berthiaume will continue in his role as
Chairman of Waters' Board of Directors. All other leadership positions
within Waters will remain in place with their continued focus on
executing the Company’s growth strategies.
"With this leadership transition, it is important to recognize Doug
Berthiaume for all that he accomplished as Waters' President, CEO and
Chairman of the Board," said Mr. Salice. "As the leading architect of
the company's focused business strategy, Doug oversaw Waters’ drive to
expand applications of our core technologies and commitment to customer
relationships. Impressively, the corporation has experienced a 35-fold
increase in share value since Doug led the effort taking the company
public in November 1995. We offer our heartfelt gratitude to Doug and
look forward to his continued role as Chairman."
About Waters Corporation (www.waters.com)
Waters Corporation (NYSE: WAT) develops and manufactures advanced
analytical science technologies for laboratory-dependent organizations.
For more than 50 years, the company has pioneered a connected portfolio
of separations science, laboratory information management, mass
spectrometry and thermal analysis systems.
Waters is a registered trademark of the Waters Corporation.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150625005172/en/
Source: Waters Corporation
Waters Corporation
John Lynch, 508-482-2314
Investor
Relations
John_Lynch@waters.com
or
Jeff
Tarmy, 508-482-2268
Corporate Communications
Jeff_Tarmy@waters.com