Pharma market research giant IMS Health has appointed Ari Bousbib as its new Chief Executive Officer, replacing David Carlucci who will continue to serve in his other role as Chairman for a transition period.
The firm, which operates in more than 100 countries, was recently acquired by investment firms TPG Capital and the Canada Pension Plan Investment Board (CPPIB) for $5.2bn.
Bousbib joins after a 14-year period with multinational conglomerate United Technologies Corporation (UTC), where most recently he served as President of Commercial Companies - Otis Elevator Company, Carrier Corporation, and UTC Fire & Security. He is a former Partner at global management and technology consulting firm Booz Allen Hamilton, and has served on the Board of Directors of The Home Depot since 2007.
In May 2008, Bousbib was appointed to serve on the President's Commission on White House Fellowships, known as America's program for leadership and public service.
'This is an exciting and important time at IMS, and I am extremely pleased that Ari will lead the global IMS team,' said Carlucci. 'IMS is well positioned to continue to execute on our global growth strategy by maintaining an unwavering commitment to clients, and I look forward to working with Ari and the IMS Board.'
Carlucci joined IMS as President and COO in 2002, and was named CEO and President in January 2005. He previously spent 26 years at IBM, where he rose to the position of General Manager, IBM Americas.
Jim Coulter, founding Partner at TPG Capital, added his thanks to Carlucci: 'Dave has provided inspired leadership to IMS over the past eight years - playing a prominent role in greatly enhancing the value of the company's offerings in the marketplace. We are pleased that he will continue to serve on the Board and work with Ari to assure a smooth transition.'
Web site: www.imshealth.com .
All articles 2006-18 written and edited by Mel Crowther and/or Nick Thomas.