Tuesday, December 1, 2015

C.R. Bard hires CFO away from Aramark

The medical device maker said Christopher Holland would become its new chief financial officer next month.

C.R. Bard hires CFO away from Aramark


Aramark Corp. is losing one of its top executives to medical-device maker C.R. Bard Inc.

Murray Hill, N.J.-based C.R. Bard said it has hired Christopher S. Holland, Aramark's senior vice president of finance, to become its chief financial officer as of May 21. Holland, 45, will succeed Todd C. Schermerhorn who announced his intention to retire last July.

Holland has been an executive at the Philadelphia-based institutional food-service provider since 2003. He was named to his current title in February 2011.

In a regulatory filing, Aramark said Holland would resign both as an executive and a director of the privately held company as of May 10.

The publicly traded C.R. Bard is much smaller than Aramark, which reported sales of $13.08 billion in its most recent fiscal year. Bard had 2011 net sales of $2.9 billion.

The announcement came after the U.S. stock market had closed for the day. Shares of C.R. Bard closed at $98.96, up 25 cents.

Inquirer Columnist
We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy:

Philly.com comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by Philly.com staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
comments powered by Disqus
About this blog
Mike Armstrong blogs about Philadelphia corporations and business-related topics. Contact him at 215-854-2980. Reach Mike at marmstrong@phillynews.com.

Mike Armstrong Inquirer Columnist
Also on Philly.com:
letter icon Newsletter