David King will remain actively involved in LabCorp even as he retires from his long tenure as CEO on Oct. 31, an executive at LabCorp tells WRAL TechWire. This Q&A about LabCorp’s new leadership, future plans, and much more is a followon to our report about King’s retirement which we reported early Wednesday.
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The CEO of LabCorp, a Burlington-based life sciences company, was paid $12.26 million in total compensation in 2018, up approximately $600,000 from his compensation of $11.65 million in 2017.
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Global life science giant LabCorp capped a year of growth in 2018 with a fourth-quarter performance that topped Wall Street expectations.
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“We delivered another quarter of strong growth and disciplined capital deployment across our integrated enterprise, with double-digit increases in revenue and adjusted EPS over last year,” says David King, top executive at LabCorp, about the global firm’s latest earnings.
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The chief executive officer of Laboratory Corporation of America Holdings profited more than $4.5 million last week by exercising stock options and selling the stock.
Read MoreLabCorp delivered earnings of $2.78 per share after adjustments for the first quarter of 2018, beating analysts’ expectations by 15 cents.
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David King’s total compensation for fiscal year 2017 came to $11.6 million, up from $10.8 million the previous year, according to a securities filing.
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A night of innovation, from changes at international giant LabCorp to why North Carolina continues to attract new companies and pitches from three startups looking to impact the fight against disease, draws a big crowd to The Chesterfield in Durham. Here’s a recap.
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For those who couldn’t attend the biotech live event from LaunchBio and WRAL TechWire in Durham, WRAL.com provides plenty of videos from the event. Tune in and see what you missed.
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