8-KLeadership Changes

DANAHER CORP /DE/ 8-K Report, Executive Changes (Apr 5, 2005)

Filed April 5, 2005For Securities:DHR

Summary

Danaher Corporation (DHR) filed an 8-K on April 4, 2005, reporting a key leadership transition. Daniel L. Comas officially succeeded Patrick W. Allender as Chief Financial Officer (CFO) as of April 4, 2005. This change follows a previously announced transition plan. While Mr. Allender is stepping down from the CFO role, he will remain with the company as an Executive Vice President and will be involved in a gradual retirement process, expected to continue through 2005. This CFO transition is a significant event for investors as it involves a seasoned executive moving into a critical financial leadership position. Mr. Comas, with over a decade of experience within Danaher, particularly in corporate development and finance, is well-positioned to lead the company's financial strategy. Investors should note the measured approach to Mr. Allender's departure, indicating a desire for a smooth handover and continued support during the transition period.

Key Highlights

  • 1Daniel L. Comas appointed Chief Financial Officer (CFO) effective April 4, 2005.
  • 2Patrick W. Allender transitions from CFO to Executive Vice President.
  • 3Mr. Allender to remain with Danaher through at least 2005, supporting a gradual retirement process.
  • 4Mr. Comas has a long tenure at Danaher, starting in 1991.
  • 5Mr. Comas previously held senior finance and corporate development roles, including VP-Corporate Development and SVP-Finance and Corporate Development.
  • 6The transition is part of a previously communicated plan from November 16, 2004.
  • 7This 8-K filing primarily reports on a key executive officer change.

Frequently Asked Questions

Daniel L. Comas has been appointed as the new Chief Financial Officer (CFO) of Danaher Corporation, effective April 4, 2005.

Patrick W. Allender has transitioned from his role as CFO to become an Executive Vice President. He will remain with the company at least through 2005 to facilitate a gradual transition towards retirement.

Daniel L. Comas has been with Danaher since 1991 and has extensive experience within the company. Prior to becoming CFO, he served as Vice President-Corporate Development and most recently as Senior Vice President-Finance and Corporate Development.

No, this transition is not sudden. It follows a previously reported plan announced on November 16, 2004, and Mr. Allender is expected to remain with the company in an advisory capacity during his gradual retirement process.