Cascella, whose title will be executive vice president, succeeds Gene Saragnese, who is retiring effective May 1, the Dutch conglomerate said.
Cascella, who left the corner office at Hologic in 2013, presided over the Bedford, Mass.-based company’s $3.7 billion acquisition of Gen-Probe. He spent a decade at Hologic, which makes medical devices and diagnostics for women’s health.
At Philip’s he’ll be CEO of the diagnostic imaging business, covering its MRI, CT, PET and X-ray technologies, and oversee the other 2 pieces of the business, image-guided therapy and ultrasound, the company said.
The image-guided therapies business includes Volcano, which Philips acquired for $1.2 billion last year.
“I am absolutely thrilled to be joining Philips. The company’s tremendous history of innovation, its leading position in medical imaging and its customer-centric focus on the healthtech opportunity will make it both an exciting and rewarding place to work. I look forward to contributing to its future success,” Cascella said in prepared remarks.
“Rob has an impressive track record in value creation in the healthcare industry, with a strong focus on integrated solutions,” added Philips CEO Frans van Houten. “He will bring a wealth of expertise in diagnostic imaging, together with deep customer insights at a crucial time for Philips, as we accelerate our transformation to become a global leader in HealthTech and shape the future of the industry.”
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