PAREXEL appoints senior VP and CFO
pharmafile | June 14, 2013 | Appointment | Manufacturing and Production, Medical Communications, Research and Development, Sales and Marketing | Parexel
Biopharma services provider PAREXEL has appointed Ingo Bank to be a senior VP and chief financial officer at the firm.
Bank joins PAREXEL from Royal Philips, where he served as CFO and executive VP of Philips Healthcare. He will be based at the company’s corporate headquarters in Waltham, Massachusetts, US.
Bank succeeds outgoing CFO James Winschel Jr, who will remain at PAREXEL as senior VP and CFO until 1 September, after which he will serve as executive VP until he retires next year.
“PAREXEL is pleased to welcome a leader with Ingo’s global experience. He has an impressive record overseeing financial management across a variety of industry sectors. Ingo’s business acumen and focus on continuous improvement and performance will serve us well as we drive our growth strategy and focus on continuing to deliver profitable results to our stakeholders,” said Josef von Rickenbach, chairman and chief executive, PAREXEL International.
Before joining PAREXEL Bank spent 18 years with Royal Philips, holding numerous senior global finance positions. He was the chief audit executive of Royal Philips, was appointed into CFO roles to build and transform the LCD business for Philips in Japan and China, managed mergers and acquisitions, and served as CFO of the global Philips Lamps business. As EVP and CFO of Philips Healthcare, Bank also was a speaker at analyst events and interacted with investors.
On his new appointment, Bank said: “I am excited to join PAREXEL, a leader in the CRO industry. I join an exceptional management team and look forward to contributing to the company’s profitable growth.”
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