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Q1 EARNINGS: Danaher's CEO change overshadows ho-hum Q1

This article was originally published in Clinica

Executive Summary

Danaher’s long-time CEO Larry Culp has unexpectedly announced his retirement, overshadowing what Jefferies analyst Brandon Couillard described as a “modest Q1 beat.” Executive vice-president Thomas Joyce will take the reins in what the analyst expects will be a “smooth transition,” which should have “little impact to strategy.” Mr Culp has led Danaher for 13 years; he began his career at the firm in 1990.





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