Breaking News
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

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

RELATED NEWS
Trade DGX now with 
3/14/2013 8:13 AM ET

Medical testing services provider Quest Diagnostics, Inc. (DGX: Quote) 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.

Register
To receive FREE breaking news email alerts for Quest Diagnostics and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.