McMullen Now Appointed President and Chief Operating Officer
SANTA CLARA, Calif.--(BUSINESS WIRE)--Sep. 17, 2014--
Agilent Technologies Inc. (NYSE:A) today announced that Mike McMullen,
senior vice president, Agilent, and president of the company’s Chemical
Analysis Group (CAG), will succeed William (Bill) Sullivan as CEO on
March 18, 2015. Sullivan will remain as an advisor through the end of
the company’s fiscal year, Oct. 31, 2015, when he will retire.
As a first step in the transition, Agilent’s board of directors has
appointed McMullen president and chief operating officer, effective
immediately.
“This transition is the culmination of our succession planning, and
comes at a time of strength as Agilent begins to deliver the shareholder
benefits of the recent spinoff of its electronic measurement business,”
said James Cullen, chairman of Agilent’s board of directors. “Bill has
been an excellent CEO, providing strong leadership in evolving Agilent’s
portfolio from diversified technology to its current focus on life
sciences, diagnostics and applied markets. He has exceptional vision and
an extraordinary drive to achieve outstanding results.”
Sullivan, 64, has been president and CEO of Agilent since March 2005. He
joined Hewlett-Packard, Agilent’s predecessor company, in 1976.
“I am very proud of what our teams have accomplished over the past 10
years,” said Sullivan. “Agilent’s re-launch is the perfect time to begin
the CEO transition. Mike is an excellent choice to lead the company. He
transformed CAG, reshaping its portfolio and championing key
acquisitions that have resulted in a consistent, market-leading record
of profitable growth.”
“Mike has the depth of experience, market knowledge and inspiring
leadership style that will make him an outstanding CEO,” Sullivan added.
“It is a great opportunity to further leverage the skills of an Agilent
executive with an exceptional track record.”
McMullen, 53, has been senior vice president, Agilent, and president of
the company’s CAG since 2009.
As president and COO, McMullen will be responsible for the company’s
businesses, CAG and Life Sciences and Diagnostics Group, Order
Fulfillment and the newly formed Agilent CrossLab Group, as well as the
global organization that houses IT, workplace services, global sourcing
and logistics.
McMullen joined Hewlett-Packard Co. in 1984 as a financial analyst in
the Analytical Products Group. Since then he has served in various
senior management positions. As president of Agilent’s Chemical Analysis
business, he was responsible for companywide organizations in the
chemical and energy, food and environmental markets, as well as the
services and consumables business for CAG and Life Sciences.
“It is an honor to have been asked to lead Agilent and our very talented
teams into the future,” McMullen said. “Agilent is a great company that
is well positioned to tap new opportunities in life sciences,
diagnostics and applied markets. Our strategy is compelling and will
create value for our shareholders. I am excited about working with the
teams to execute on our plans.”
“Our focus remains where it has always been—on our customers, supporting
their everyday goals in the laboratory as well as their big,
world-changing breakthroughs,” he said.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is a leader in chemical analysis,
life sciences, diagnostics, electronics and communications. The
company’s 20,600 employees serve customers in more than 100 countries.
Agilent had revenues of $6.8 billion in fiscal 2013. Information about
Agilent is available at www.agilent.com.
In September 2013, Agilent announced plans to separate into two publicly
traded companies through a tax-free spinoff of its electronic
measurement business. On Aug. 1, 2014, the company’s electronic
measurement business began operating as Keysight Technologies, Inc., a
wholly owned subsidiary. The separation is expected to be completed in
early November 2014.
Forward-Looking Statements
This news release contains forward-looking statements as defined in the
Securities Exchange Act of 1934 and is subject to the safe harbors
created therein. The forward-looking statements contained herein
include, but are not limited to, information regarding the CEO
transition plan; the separation of Agilent’s electronic measurement
business; future revenues, earnings and profitability; the future demand
for the company’s products and services; and customer expectations.
These forward-looking statements involve risks and uncertainties that
could cause Agilent’s results to differ materially from management’s
current expectations. Such risks and uncertainties include, but are not
limited to, unforeseen changes in the strength of our customers’
businesses; unforeseen changes in the demand for current and new
products, technologies, and services; customer purchasing decisions and
timing, and the risk that we are not able to realize the savings
expected from integration and restructuring activities.
In addition, other risks that Agilent faces include those detailed in
Agilent’s filings with the Securities and Exchange Commission, including
our latest Form 10-K and Form 10-Q. Forward-looking statements are based
on the beliefs and assumptions of Agilent’s management and on currently
available information. Agilent undertakes no responsibility to publicly
update or revise any forward-looking statement.
NOTE TO EDITORS: Further technology, corporate citizenship and executive
news is available on the Agilent news site at www.agilent.com/go/news.
Visit Agilent’s CEO
Transition Press Kit to access important background
information, videos and photos.
Source: Agilent Technologies Inc.
Agilent Technologies Inc.
EDITORIAL CONTACT:
Michele Drake, +1
408-345-8396
michele_drake@agilent.com
or
INVESTOR
CONTACT:
Alicia Rodriguez, +1 408-345-8948
alicia_rodriguez@agilent.com