Danaher Announces Appointment of Feroz Dewan to Danaher Board

Rhea-AI Summary

Danaher Corporation (NYSE: DHR) has appointed Feroz Dewan to its Board of Directors, increasing the board size from thirteen to fourteen members. Dewan, currently CEO of Arena Holdings Management, brings extensive experience from Tiger Global Management and Silver Lake Partners. His appointment aims to enhance Danaher's financial acumen and technology expertise, as noted by Chairman Steven M. Rales. Danaher is committed to innovation in healthcare, environmental and applied markets, supported by a team of approximately 80,000 associates.

Positive

• Appointment of Feroz Dewan expected to enhance financial and technology expertise.
• Board expansion may foster diverse perspectives and innovation.

Negative

• Potential concerns regarding continuity and experience gaps with the new board member.

WASHINGTON, June 29, 2022 /PRNewswire/ -- Danaher Corporation (NYSE: DHR) announced today that it has appointed Feroz Dewan to its Board of Directors and to the Board's Science & Technology Committee. This addition expands the size of Danaher's Board from thirteen to fourteen members.

Mr. Dewan is currently CEO of Arena Holdings Management, a global investment business. From 2003 to 2015, he worked at Tiger Global Management, most recently as Head of Public Equities. Prior to that, Mr. Dewan was a private equity investor at Silver Lake Partners.

Mr. Dewan earned his B.S. in Engineering with a Certificate in Applied and Computational Mathematics from Princeton University.

Steven M. Rales, Chairman of the Board of Danaher Corporation, said "We are very pleased to welcome Feroz to the Board. We expect that his financial acumen and technology expertise will be a tremendous benefit to Danaher as we strive to continue building sustainable, long-term value for all of our constituents."

ABOUT DANAHER

Danaher is a global science and technology innovator committed to helping its customers solve complex challenges and improving quality of life around the world. Its family of world class brands has leadership positions in the demanding and attractive health care, environmental and applied end-markets. With more than 20 operating companies, Danaher's globally diverse team of approximately 80,000 associates is united by a common culture and operating system, the Danaher Business System, and its Shared Purpose, Helping Realize Life's Potential. For more information, please visit www.danaher.com.

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SOURCE Danaher Corporation

FAQ

Who is Feroz Dewan and what is his role at Danaher?

Feroz Dewan is the newly appointed member of Danaher's Board of Directors, bringing experience from Arena Holdings Management and past roles at Tiger Global Management.

What impact will Feroz Dewan's appointment have on Danaher?

His appointment is expected to enhance Danaher's financial acumen and technology strategy, potentially leading to long-term value creation.

When was Feroz Dewan appointed to the Danaher Board?

Feroz Dewan was appointed to the Danaher Board on June 29, 2022.

What is the current size of Danaher's Board of Directors?

With Feroz Dewan's appointment, Danaher's Board has expanded to fourteen members.

What is Danaher's core mission?

Danaher focuses on solving complex challenges and improving quality of life through innovation in healthcare and other sectors.