Fortrea Appoints Robert Parks as Chief Accounting Officer
Fortrea (Nasdaq: FTRE) has appointed Robert “Bobby” Parks as its new Chief Accounting Officer (CAO). Parks will be responsible for overseeing Fortrea’s accounting functions, including financial reporting, risk management, and compliance with standards and regulations. He brings three decades of experience, having previously held senior roles at Quintiles (now IQVIA), Syneos, and SailPoint Technologies Holdings. A certified public accountant, Parks will start in August, succeeding Amanda Warren, who will remain as an advisor until November.
- Robert Parks brings three decades of experience in accounting, enhancing leadership strength.
- Parks has expertise in managing Sarbanes-Oxley Act requirements and internal controls, beneficial for compliance.
- His previous roles at Quintiles, Syneos, and SailPoint Technologies suggest strong industry knowledge and strategic thinking.
- Transition period until November could pose continuity risks in accounting functions.
- Potential gaps or delays during the leadership transition might affect financial reporting and compliance.
DURHAM, N.C., July 11, 2024 (GLOBE NEWSWIRE) -- Fortrea (Nasdaq: FTRE), a leading global contract research organization (CRO), today announced that Robert “Bobby” Parks has been appointed as chief accounting officer (CAO), responsible for Fortrea’s accounting function, including financial reporting, risk, controls and compliance in accordance with applicable standards, laws and regulations.
“We are pleased to welcome Bobby to the Fortrea team, bringing his broad and deep experience from CROs and other fast-paced environments,” said Fortrea Chief Financial Officer Jill McConnell. “Bobby has a track record of managing Sarbanes-Oxley Act requirements and internal controls, including for CROs, in a public-company setting. He is a strategic thinker who understands our customers and our business priorities. I look forward to Bobby making a fast start as CAO and a significant contribution to Fortrea’s success.”
Parks brings three decades of experience to the role. Starting his career in public accounting at Ernst & Young LLP, he served clients in global and regulated industries, including defense and construction. He was senior vice president and corporate controller at Quintiles, now IQVIA, and CAO at Syneos, a leading biopharmaceutical solutions organization. Most recently, Parks served as CAO at SailPoint Technologies Holdings, a leader in identity security software. He is a certified public accountant and earned a B.S. in accounting at the University of Maryland.
Parks will join Fortrea in August, reporting to McConnell and will serve on its Finance Leadership Team. He succeeds Amanda Warren in this role, who will serve as an advisor to the CFO from August through November.
About Fortrea
Fortrea (Nasdaq: FTRE) is a leading global provider of clinical development solutions to the life sciences industry. We partner with emerging and large biopharmaceutical, biotechnology, medical device and diagnostic companies to drive healthcare innovation that accelerates life changing therapies to patients. Fortrea provides phase I-IV clinical trial management, clinical pharmacology and consulting services. Fortrea’s solutions leverage three decades of experience spanning more than 20 therapeutic areas, a passion for scientific rigor, exceptional insights and a strong investigator site network. Our talented and diverse team working in more than 90 countries is scaled to deliver focused and agile solutions to customers globally. Learn more about how Fortrea is becoming a transformative force from pipeline to patient at Fortrea.com and follow us on LinkedIn and X (formerly Twitter).
Fortrea Contacts:
Hima Inguva (Investors) – 877-495-0816, hima.inguva@fortrea.com
Sue Zaranek (Media) – 919-943-5422, media@fortrea.com
Kate Dillon (Media) – 646-818-9115, kdillon@prosek.com
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