Agilent CEO Mike McMullen to Retire; Agilent CrossLab Group President Padraig McDonnell Named CEO-Elect
February 21 2024 - 4:12PM
Business Wire
Agilent Technologies Inc. (NYSE: A) today announced that Padraig
McDonnell, president of the Agilent CrossLab Group (ACG), has been
named CEO-elect and chief operating officer (COO) of the company,
succeeding current President and CEO Mike McMullen who will retire.
McDonnell will become Agilent’s president and CEO and join
Agilent’s Board of Directors on May 1.
After nearly 40 years with Agilent and its predecessor
Hewlett-Packard Co., McMullen will continue as CEO and as a member
of the Agilent Board of Directors until May 1. He will then become
an adviser to McDonnell and Agilent until his retirement Oct.
31.
“After a thorough succession process, I’m pleased that Padraig
McDonnell has been selected as Agilent’s next CEO. This is a clear
illustration of the quality and depth of the Agilent team,” said
Koh Boon Hwee, chairman of Agilent’s Board of Directors. “I also
want to thank Mike for his outstanding leadership as CEO. He is
handing the reins over to Padraig at a time of strength for
Agilent.
“Padraig has been a success in every role he’s held at Agilent.
I’m confident that as Agilent’s next CEO, he will continue that
record of success and build on the many achievements that have been
attained during Mike McMullen’s nine years as CEO.”
McDonnell, 52, has been president of ACG since May 2020 and was
also named chief commercial officer in November 2021.
In his most recent role, McDonnell drove exceptional growth in
Agilent’s Services business, with significant improvements in
profitability and customer satisfaction. As chief commercial
officer he also led the transformation of the customer experience
at Agilent by improving the end-to-end customer journey.
Prior to becoming ACG president, McDonnell was vice president
and general manager of Agilent’s Chemistries and Supplies Division,
a role to which he was named in 2017. He has been in the
analytical- and scientific-instrument industry for 26 years,
starting his career with Agilent’s predecessor Hewlett-Packard Co.
in 1998.
“I am both honored and energized to succeed Mike and become
Agilent’s next CEO,” McDonnell said. “Mike has been a great mentor
to me, and I welcome his continued support. Agilent’s future will
be defined by continued innovation, growth, and a relentless focus
on our customers.”
McMullen, 63, has served as Agilent CEO since 2015. Prior to
becoming CEO, he was president of the company's Chemical Analysis
Group (CAG) from 2009 until November 2014. During his tenure as
CEO, he led Agilent’s transformation into a market leading
life-sciences and diagnostics company after the spin-off of the
company’s electronic measurement business, now Keysight
Technologies.
Agilent’s market capitalization has nearly tripled during
McMullen’s time as CEO. He drove a business and cultural
transformation that led to significant improvements in growth and
improved profitability. Under McMullen’s leadership, Agilent is
consistently ranked among the best companies to work for, which has
been key to delivering some of the best financial results in the
industry.
“My career with Agilent has been truly special,” McMullen said.
“Our mission of advancing the quality of life combined with an
outstanding company culture, an incredibly talented team, and our
ongoing record of success, are all I could’ve ever asked for during
my time with this great company. I look forward to having Padraig
take over and moving on to the next chapter of my life. I have no
doubt that under Padraig’s leadership the best is yet to come for
Agilent.”
With McDonnell becoming CEO-elect and COO, Angelica Riemann,
vice president and general manager of ACG’s CrossLab Services
Division, will become ACG president. Jonah Kirkwood, vice president
of Global Sales, will take on the role of chief commercial officer
and lead the One Agilent Commercial Organization. Both will
continue to report to McDonnell, effective immediately, along with
the leaders of Agilent’s business groups.
“As I think about Agilent’s future,” McDonnell said, “I am
excited by the endless possibilities and opportunities that lie in
front of us as we help our customers bring great science to
life.”
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is a global leader in
analytical and clinical laboratory technologies, delivering
insights and innovation that help our customers bring great science
to life. Agilent’s full range of solutions includes instruments,
software, services, and expertise that provide trusted answers to
our customers’ most challenging questions. The company generated
revenue of $6.83 billion in fiscal 2023 and employs approximately
18,000 people worldwide. To receive the latest Agilent news, please
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Media Contact: Tom Beermann +1 408-386-5892
tom.beermann@agilent.com
Investor Contact: Parmeet Ahuja +1 408-345-8948
parmeet_ahuja@agilent.com
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