8-KLeadership Changes

BECTON DICKINSON & CO 8-K Report, Executive Changes (Oct 10, 2012)

Filed October 10, 2012For Securities:BDX

Summary

Becton, Dickinson and Company (BDX) has filed an 8-K report to announce a significant change in its executive leadership. David V. Elkins, the Executive Vice President and Chief Financial Officer (CFO), has resigned from his position. His resignation is set to be effective on November 9, 2012. In response to Mr. Elkins' departure, the company has appointed Suketu Upadhyay as the interim CFO, also effective November 9, 2012. Mr. Upadhyay, 43, brings a wealth of financial experience to the interim role, having served as BD's Senior Vice President and Controller since November 2011. His prior experience includes roles in international finance at BD and significant financial leadership positions at AstraZeneca and Centocor, Inc. (a former Johnson & Johnson subsidiary). This leadership transition is a key event for investors to monitor.

Key Highlights

  • 1Resignation of Chief Financial Officer (CFO), David V. Elkins, effective November 9, 2012.
  • 2Appointment of Suketu Upadhyay as interim CFO, effective November 9, 2012.
  • 3Suketu Upadhyay previously served as Senior Vice President and Controller for BDX.
  • 4Mr. Upadhyay has extensive financial experience, including international finance roles.
  • 5Prior to joining BDX, Mr. Upadhyay held senior finance positions at AstraZeneca and Centocor, Inc.

Frequently Asked Questions

David V. Elkins, Executive Vice President and Chief Financial Officer, is resigning from BDX. His resignation is effective November 9, 2012.

Suketu Upadhyay has been appointed as the interim Chief Financial Officer, effective November 9, 2012.

Suketu Upadhyay, 43, has been with BDX since 2010 and most recently served as Senior Vice President and Controller. He has prior experience in international finance at BDX, and before that, held leadership roles in finance at AstraZeneca and Centocor, Inc.

The filing states Suketu Upadhyay is appointed as 'interim' Chief Financial Officer, indicating the position is not yet permanently filled.