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Varian CEO to retire this fall

por Brendon Nafziger, DOTmed News Associate Editor | August 13, 2012
Varian Medical Systems said Monday that president and CEO Timothy E. Guertin is retiring this fall after spending more than three decades with the company, which makes radiation therapy equipment and X-ray tubes.

Guertin, 62, will be replaced by Dow R. Wilson, Varian's chief operating officer.

Guertin will step down as CEO on Sept. 28, the end of the company's current fiscal year. The next day Guertin and Wilson will both be appointed to Varian's board of directors, with Guertin as vice chairman.

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Guertin will remain a non-executive employee of the company until February 2013, the Sunnyvale, Calif.-based Varian said in its press release.

"Varian has given me the unique opportunity to build a global business around the mission of saving lives, and after more than 35 years here I'm ready to transition to retirement while remaining active on the board," Guertin said in a statement.

Before joining Varian, Wilson, 52, spent two decades with General Electric Co., where he led GE Healthcare's information technology business. He was hired by Varian in 2005, first as president of oncology systems, where he oversaw the launch of the TrueBeam and RapidArc radiation therapy and radiosurgery devices. He became COO last year.

Separately, Varian announced that it appointed former Siemens Healthcare chief Erich R. Reinhardt to its board of directors. Reinhardt, 65, was CEO and president of Siemens' medical division from 1994 to 2008.

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