Hologic announced the impending retirement of Glenn Muir as the company’s CFO, finance & administration executive vice president, assistant treasurer and assistant secretary. Muir has been with the company since 1988 and became CFO in 1992. He agreed to stick around until the end of November to help select and transition to a new finance chief.
Hologic asked Muir to retire, constituting a "termination without cause," according to company SEC filings.
The Massachusetts-based company also welcomed new COO Eric Compton, who was most recently worldwide president of ortho clinical diagnostics at Johnson & Johnson (NYSE:JNJ) where he oversaw more than $2 billion’s worth of global sales.
Compton will start an a base salary of $450,000 with a target fiscal 2014 bonus of up to 75% of his base rate. Compton also got a sign-on bonus of more than $482,000 in consideration of his "willingness to accelerate his employment start date," according to Hologic filings.
Hologic also shifted some seats among its SVPs, moving David Harding from group senior vice president and general manager of women’s health to senior vice president of global strategy. The company also hired Claus Egstrand as its new senior vice president and international general manager.