Joyce will stay on as a senior advisor at Danaher through February 28, 2021.
“This announced transition comes at a time when Danaher has never been stronger or better positioned to compete given our attractive portfolio of businesses, seasoned leadership team, and Danaher Business System culture,” said Danaher board chair Steven M. Rales.
“The selection of Rainer to succeed Tom reflects the culmination of our ongoing succession planning process. Rainer has a demonstrated track record of respected leadership and success over the past decade at Danaher and is the ideal candidate to lead the Company going forward,” Rales said in a news release.
Joyce started at Danaher in 1989 — and has been CEO since September 2014.
Blair joined the company in 2010. In 2017, he moved up to EVP, in charge of Danaher’s Life Sciences platform.