Company Co-founder Josef von Rickenbach to retire after 35 years of leadership; serve as Chairman of the Board
Mr. Macdonald led INC Research, now known as Syneos Health, for several years first as CEO and most recently as Vice Chairman. Under Mr. Macdonald’s leadership, INC Research delivered industry-leading growth and margins, experienced strong operational and market performance, and undertook a successful Initial Public Offering (IPO) in 2014. Prior to this time, he served as INC’s Chief Operating Officer. In addition, Mr. Macdonald has held several leadership positions in the biopharmaceutical services industry, including Senior Vice President and Head of Global Project Management at Quintiles, now known as IQVIA. He served as Chairman of the Association of Clinical Research Organizations (ACRO) Board of Directors in 2015.
Mr. von Rickenbach co-founded PAREXEL in 1982 and has since served as Chairman and CEO, building the company to a valuation of over five billion dollars with operations in more than 100 countries.
“When we started PAREXEL more than 35 years ago, not only was it the beginning of a new company, it was also the dawn of a new industry,” said Mr. von Rickenbach. “Today, a new era begins. The biopharmaceutical services industry is more dynamic and exciting than ever, and Jamie is the right leader to take PAREXEL into the future. I am confident that our next generation will be an even greater one and I am delighted to have him join the Company. I look forward to working with Jamie to continue PAREXEL’s leadership in the marketplace.”
A native of Scotland, Mr. Macdonald has held several global positions throughout his career. He will be based at PAREXEL’s corporate headquarters in Waltham, Massachusetts.
About PAREXEL International
PAREXEL International Corporation is the world’s leading innovator of biopharmaceutical services. We simplify our clients’ journey of transforming scientific discoveries into new medical treatments for patients with high-quality Phase I-IV clinical research, regulatory, consulting and market access services. PAREXEL develops breakthrough innovations and solutions by leveraging its comprehensive therapeutic, technical and functional expertise, in more than 100 countries around the world. For more information visit www.PAREXEL.com.
PAREXEL and PAREXEL Informatics are trademarks or registered trademarks of PAREXEL International Corporation or its affiliates. All other trademarks are the property of their respective owners.
# # #
Tel.: +1 781-434-5104
Kathryn McMahon Arrigg, PAN Communications
Tel.: +1 617-502-4300