Varian Medical Systems (VAR) announced that Timothy Guertin has declared his intention to retire as the company's president and chief executive officer, or CEO, at the end of its current fiscal year on September 28, 2012. Executive vice president and chief operating officer Dow Wilson will succeed Guertin.
In addition, Varian's board of directors appointed Guertin as its vice chairman and appointed Wilson to the board, both effective as of September 29, 2012. Guertin will continue as a non-executive employee of the company until his retirement in February 2013.
Wilson joined Varian in 2005 as president of Oncology Systems where he doubled the business by expanding services, introducing Varian's technology-leading TrueBeam and RapidArc products for radiotherapy and radiosurgery, and pushing strongly into emerging international markets. He assumed responsibility for all of Varian's businesses upon his appointment as chief operating officer in October of 2011. He came to Varian from GE where he filled many management positions over his 20 year career there, including CEO of the $2.5 billion GE Healthcare-Information Technologies business.
Besides, Varian announced that Erich Reinhardt, former president and CEO of Siemens Healthcare, was appointed to the board effective August 10, 2012.
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