Danaher Appoints Thomas Joyce CEO

(RTTNews) - Danaher Corp. (DHR) Tuesday said it has appointed Thomas Joyce, Jr. as President and Chief Executive Officer, effective September 9, implementing its leadership succession plan earlier than expected.

The company in April had announced the retirement plans of Lawrence Culp, Jr. as president and chief executive officer in March 1, 2015. Danaher had then announced Thomas Joyce, Jr. as next CEO.

Chairman Steven Rales said, "The transition has proceeded quite well since April, and the Board has concluded that Tom is now ready to be Chief Executive Officer."

Joyce began his career at Danaher in 1989 as a marketing project manager in the Danaher Tool Group. In 1995, he became president of Delta Consolidated Industries, a truck box and storage container manufacturer. Following that assignment, in 2001, Joyce became president of Hach Company, the global leader in water analytics, and the next year he was appointed group executive and a corporate officer of Danaher.

DHR closed Tuesday's trading at $76.42, down $0.19 or 0.25% in after-hours trade.