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Home » Varian CEO Dow Wilson to retire after merger with Siemens Healthineers

Varian CEO Dow Wilson to retire after merger with Siemens Healthineers

March 2, 2021 By Chris Newmarker

Dow Wilson Varian
Varian CEO Dow Wilson

Varian (NYSE: VAR) announced today that CEO Dow Wilson will retire after Siemens Healthineers‘ planned $16.4 billion acquisition of the company, which is expected to close in the first half of this year.

Wilson, who has been with Varian for 16 years, will serve as a special advisor to Siemens Healthineers (Frankfurt: SHL) to help support the integration. Varian COO Chris Toth will become CEO of Siemens Healthineers’ new Varian business segment.

“Since his appointment as CEO in 2012, Dow has led Varian’s efforts to define a new era in cancer care,” Varian board chair Andrew Eckert said in a news release.

“In addition to significantly extending the company’s market leadership and innovation in radiation therapy, he oversaw Varian’s progress in bringing artificial intelligence, machine learning and cloud solutions to the fight against cancer. Through this strategic transformation, Varian has achieved double-digit growth and created 4,000 jobs over the last five years, and importantly, has enabled more successful outcomes for millions of patients worldwide.”

Siemens Healthineers and Varian say the planned merger will create the most comprehensive cancer care portfolio in the industry.

“We have made incredible advances in the fight against cancer, and our transformational combination with Siemen Healthineers will bring us even closer to achieving our vision of a world without fear of cancer,” Wilson said.

Siemens Healthineers CEO Bernd Montag congratulated Toth on LinkedIn, saying that Varian will have an incredibly strong leadership team going forward.

 

Filed Under: Business/Financial News, Featured, Mergers & Acquisitions Tagged With: Personnel Moves, Siemens Healthineers, Varian Medical Systems

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About Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at [email protected].

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