FONT-SIZE Plus   Neg

Quest Diagnostics CFO Robert Hagemann To Step Down At End Of May

Medical testing services provider Quest Diagnostics, Inc. (DGX) announced Thursday that Senior Vice President and Chief Financial Officer Robert Hagemann plans to leave the company on May 31, 2013. He may leave earlier if a successor is named and the transition is complete before the end of May.

"We are grateful to Bob for his service to Quest Diagnostics and the leadership he has demonstrated since joining the company in 1992. Quest Diagnostics has benefited enormously from Bob's financial and business expertise over his long tenure with the company," President and CEO Steve Rusckowski said in a statement.

The Madison, New Jersey-based company said it is launching a search for a new CFO that will consider both internal and external candidates, with Hagemann assisting in identifying his successor.

Hagemann, who had a 21 career with the company, has been serving as CFO for the past fifteen years since August 1998. He joined Corning Life Sciences, Inc. in 1992, and came to Quest Diagnostics after it was spun-off from corning in 1996.

After holding various senior financial positions in Corning Life Sciences from 1992, Hagemann was named vice president and corporate controller of the company in 1996.

Prior to joining Corning Life Sciences in 1992, Hagemann was employed by Prime Hospitality, Inc. and Crompton & Knowles, Inc. in senior financial positions. He was also previously associated with Ernst & Young.

"At this point, after 21 years with the company and almost 15 years as the CFO, we agreed now is a good time for a change. I thank everyone at Quest for the tremendous support I have received over the years," Hagemann noted.

DGX closed Wednesday's regular trading session at $55.99, down $0.28 on a volume of 0.90 million shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Starbucks is rolling out its delivery service - good news for any caffeine addicts who can't make it out to the coffee chain. Unfortunately, there's still a wait in store for most people: the new service only covers Manhattan's most recognizable skyscraper. According to multiple media reports, Starbucks' pilot program is launching at the Empire State Building in New York City. Tech giant Apple Inc. Tuesday said the 21.5 inch iMac all-in-one desktop computers will be available with new Retina 4K display, while every 27 inch iMac will have Retina 5k display for true to life pictures and videos. The new iMacs will be supported by processors and graphics, two Thunderbolt 2 ports and new storage options. Popular sports news websites Deadspin and SBNation had their Twitter feeds suspended on Monday for alleged copyright violations. According to various media reports, Twitter halted @Deadspin and @SBNationGIF after the social media giant received complaints from various sources, including the NFL, the UFC and a couple of college football conferences.
comments powered by Disqus
Trade DGX now with 
Follow RTT