Bruker Corporation : Appoints Charles F. Wagner, Jr. as Executive Vice President and New Chief Financial Officer
06/07/2012| 07:05am US/Eastern
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Bruker Corporation (NASDAQ: BRKR) today announced the appointment of
Charles F. Wagner, Jr. as its Executive Vice President (EVP) and new
Chief Financial Officer (CFO), effective on or about June 30, 2012.
William J. Knight, the Company's current CFO, will continue to serve as
a member of the Company's senior management team and will work with Mr.
Wagner to ensure a smooth transition of his responsibilities as CFO.
Bruker Corporation Appoints Charles F. Wagner, Jr. as Executive Vice President and New Chief Financial Officer
(Photo: Business Wire)
Frank Laukien, Bruker's President and Chief Executive Officer, stated:
"Since joining us in 2010, Charlie has made significant contributions as
a member of our board of directors and of our audit committee. We
believe that he will be an excellent addition to the Company's executive
leadership team, and his prior experience as a member of our Board and
as a public company CFO will further enhance and broaden the strength of
our finance organization. Charlie will also strongly contribute to our
operational excellence initiative, as well as to our corporate
development and strategy evolution. I am delighted that Charlie has
agreed to move from service on the Board to becoming our next CFO, and I
am confident that he has the experience and initiative to become a major
driver of our strategy to pursue market leadership, profitable growth
and high returns on invested capital."
Dr. Laukien added: "Over the past eight years, serving at times as
Bruker's CFO and as Chief Operating Officer, Bill Knight has very
significantly contributed to our commercial and financial success.
During Bill's tenure as CFO or COO, Bruker Corporation has grown from
about $300 million to over $1.6 billion in annual revenue, with fast
organic growth and the acquisitions of the previously privately held
Bruker Optics and Bruker BioSpin divisions. During the same time period,
the Bruker Scientific Instruments segment has greatly expanded its gross
and operating margins, while maintaining a conservative balance sheet
and greater than 20% RoIC in our last fiscal year 2011. We appreciate
Bill's many contributions to Bruker, and we are looking forward to his
continued success as a senior Bruker manager."
Mr. Wagner commented: "Bruker is an outstanding company that I have come
to know well over the last two years. I am pleased to be joining the
company as CFO, and working with the management team to drive execution
of the company's strategies. With emphasis on growth and on expanding
margins, the company is well positioned to create further shareholder
value in coming years."
Since August 2010, Mr. Wagner has been a member of the Company's Board
of Directors and a member of the Audit Committee of the Board, roles
that he stepped down from effective June 4, 2012. Chris van Ingen, an
independent director of the Company, has been elected to serve on the
Audit Committee as of June 4, 2012.
Mr. Wagner brings over twenty years of financial and management
experience to his new role as Bruker's EVP and CFO, including experience
as the CFO of two publicly traded companies and expertise in financial
analysis, and strategic planning and development. He most recently
served as Executive Vice President of Finance and Administration and CFO
of Progress Software Corporation, a provider of enterprise software
located in Bedford, Massachusetts, from November 2010 to March 2012.
Prior to joining Progress Software, Mr. Wagner served as Vice President
and CFO of Millipore Corporation, a global provider of products and
services in the life science tools market, from 2007 until July 2010,
when Millipore was acquired by Merck KGaA. Mr. Wagner joined Millipore
in 2002 and from 2003 to 2007 served as Vice President, Strategy and
Corporate Development. From 1997 to 2002, he served in various roles at
Bain & Company after having served as Manager, Accounting Analysis, at
Millipore from 1995 to 1996 and as Manager at Coopers & Lybrand from
1990 to 1995. Mr. Wagner holds a B.S. from Boston College and a M.B.A.
from Harvard Business School.
CAUTIONARY STATEMENT OF BRUKER CORPORATION
Any statements contained in this press release that do not describe
historical facts may constitute forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995. Any
forward-looking statements contained herein are based on current
expectations, but are subject to risks and uncertainties that could
cause actual results to differ materially from those projected,
including, but not limited to, risks and uncertainties relating to the
delayed start date of Mr. Wagner's employment and other factors
identified and described in our filings with the SEC, including, without
limitation, our annual report on Form 10-K for the year ended December
31, 2011, our most recent quarterly reports on Form 10-Q and our current
reports on Form 8-K. We expressly disclaim any intent or obligation to
update these forward-looking statements other than as required by law.
ABOUT BRUKER CORPORATION
For more information about Bruker Corporation, please visit www.bruker.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50302483&lang=en
Bruker Corporation
Stacey Desrochers, +1 978-663-3660, ext. 1115
Director
of Investor Relations
stacey.desrochers@bruker.com
© Business Wire 2012
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