PerkinElmer Announces Finance Leadership Transition

Rhea-AI Summary

Max Krakowiak has been appointed as the new Chief Financial Officer of PerkinElmer (NYSE:PKI), succeeding Jamey Mock, who is leaving for another opportunity. The transition is effective as of September 6, 2022. Krakowiak has been with PerkinElmer for four years, serving as the Vice President of Corporate Finance and has led key financial initiatives. The company reaffirms its financial guidance provided on August 1, 2022. CEO Prahlad Singh expressed confidence in Krakowiak's capabilities and acknowledged Mock's contributions during his tenure.

Positive

• Appointment of Max Krakowiak as CFO expected to bring fresh leadership and continuity in financial strategy.
• Krakowiak's prior experience within the company may accelerate ongoing financial transformation efforts.

Negative

• Transition of Jamey Mock may create temporary disruption during the leadership change.
• Uncertainty surrounding the future direction post-transition may raise concerns among investors.

Max Krakowiak appointed new chief financial officer, replacing Jamey Mock

WALTHAM, Mass.--(BUSINESS WIRE)-- PerkinElmer, Inc. (NYSE:PKI), a global leader committed to innovating for a healthier world, today announced that Senior Vice President and Chief Financial Officer Jamey Mock will be transitioning from the Company to pursue an outside opportunity. The Company’s Board of Directors has unanimously appointed Max Krakowiak to succeed Mr. Mock as its new senior vice president and CFO, effective as of September 6, 2022. Mr. Krakowiak is currently the Company’s vice president of corporate finance, and has served in financial leadership roles of increasing responsibility for the last four years.

“I would like to thank Jamey for the significant impact he’s had on making PerkinElmer’s goals come to fruition the past several years,” said Prahlad Singh, president and chief executive officer, PerkinElmer, Inc. “His financial and strategic expertise have helped accelerate the Company’s evolution as a leading life sciences innovator. While I will sincerely miss Jamey, I wish him all the best as he continues to have a significant impact on the advancement of global health in his new role.”

Singh added, “I am pleased to appoint Max as CFO. I have worked closely with him over the last four years as he has played an integral role on the finance leadership team and was a key project leader in our recently announced divestiture. I am confident in Max’s future contributions as we move ahead in an exciting new chapter for the Company.”

Krakowiak has served as PerkinElmer’s finance chief of staff, focusing on driving global finance transformation through people, process and automation. He brings experience across global financial planning and analysis, commercial finance and business development. Prior to PerkinElmer, Krakowiak worked for GE in various corporate audit leadership roles.

“Reflecting on my time at PerkinElmer, I am extremely proud to have been part of a talented team that was able to accomplish such a significant transformation of both our portfolio and financial profile, ” said Mock. “I look forward to following the Company’s future successes, and I know that Max will bring valuable expertise as he steps into the role.”

The Company is also reaffirming its financial guidance that was last provided on August 1, 2022.

About PerkinElmer

PerkinElmer is a leading, global provider of end-to-end solutions that help scientists, researchers and clinicians better diagnose disease, discover new and more personalized drugs, monitor the safety and quality of our food, and drive environmental and applied analysis excellence. With an 85-year legacy of advancing science and a mission of innovating for a healthier world, our dedicated team of more than 16,000 collaborates closely with commercial, government, academic and healthcare customers to deliver reagents, assays, instruments, automation, informatics and strategic services that accelerate workflows, deliver actionable insights and support improved decision making. We are also deeply committed to good corporate citizenship through our dynamic ESG and sustainability programs. The Company reported revenues of approximately $5 billion in 2021, serves customers in 190 countries, and is a component of the S&P 500 index. Additional information is available at www.perkinelmer.com. Follow PerkinElmer on LinkedIn, Twitter, Facebook, Instagram, and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220817005109/en/

Investor Relations:

Steve Willoughby

(781) 663-5677

steve.willoughby@perkinelmer.com

Media Relations:

Chet Murray

(781) 663-5719

chet.murray@perkinelmer.com

Source: PerkinElmer, Inc.

FAQ

Who is the new CFO of PerkinElmer (PKI)?

Max Krakowiak has been appointed as the new Chief Financial Officer of PerkinElmer (PKI).

Why did Jamey Mock leave PerkinElmer?

Jamey Mock left PerkinElmer to pursue an outside opportunity.

When did Max Krakowiak become CFO of PerkinElmer?

Max Krakowiak became the CFO of PerkinElmer effective September 6, 2022.

What is the background of Max Krakowiak?

Max Krakowiak served as Vice President of Corporate Finance at PerkinElmer and has four years of increasing responsibility in financial leadership roles.

What financial guidance did PerkinElmer reaffirm?

PerkinElmer reaffirmed its financial guidance last provided on August 1, 2022.