Quintiles has named Kevin Gordon, currently serving as executive vice president, Operations and chief financial officer (CFO), has been promoted to chief operating officer (COO). The company also said Michael McDonnell is expected to join Quintiles in December 2015 as executive vice president, chief financial officer (CFO).
Gordon will continue to serve as Quintiles CFO until McDonnell joins the company.
Chief Executive Officer Tom Pike said in a statement, “With Kevin as Chief Operating Officer, we are formalizing many of his activities with customers, our executives and employees. Over the past years, Kevin has increased his operational influence and is already managing a substantive amount of our business in addition to his financial leadership of the company. This new role will enable Kevin to spend more time with customers and across the operations of our business.
“I am also very excited about Mike joining our leadership team. With a solid public company finance foundation, Mike has demonstrated financial and accounting expertise and business acumen in leading companies in complex, dynamic industries. His experience strengthens and deepens our management team. Between these two talented executives, we expect to have a smooth transition.”
Under Gordon’s financial leadership since 2010, Quintiles has delivered an eight percent compound annual growth rate in net revenue and 14 percent growth in Adjusted EBITDA. At the same time, he has led the capital strategy for the Company, including its 2013 initial public offering as well as the recapitalization of its debt which provided an overall lower cost structure.
McDonnell joins Quintiles from Intelsat, where he has served as CFO since 2008. Previously, McDonnell held CFO positions at MCG Capital Corporation, a publicly held commercial finance company, and EchoStar Communications, formerly known as DISH Network Corporation.
McDonnell said: “I’m looking forward to joining Quintiles and working with its talented leadership team and finance professionals. I’m excited to get started on enabling the company’s continued growth and opportunity.”