Tecan Initiates CEO Succession Process
As part of the strategic re-alignment over the last two years, Tecan Group has refocused the business portfolio on its strong core areas, established a new organisation around the life sciences and partnering business segments, strengthened the top management and added new skills to the Board of Directors. Based on this solid foundation, Tecan is now commencing a succession process for the CEO.
Thomas Bachmann became CEO of Tecan Group at a time of declining results and serious pressure from regulatory authorities and shareholders. Under his leadership the company has improved operational effectiveness, established credibility, expanded new businesses, and he positioned the company with a long-term strategy. During his tenure, Tecan has achieved sales growth, improved earnings per share and built a strong balance sheet.
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