Danaher Announces Succession Plan for CFO Position

Danaher announces a transition plan for its Chief Financial Officer, with Matthew Gugino set to succeed Matthew McGrew on February 28th, 2026. McGrew will continue as an Executive Vice President after a 20-year tenure with Danaher. Gugino has been Group CFO of the Life Sciences Innovations Group and Vice President of Financial Planning & Analysis. The transition follows Danaher's acquisition of Cytiva, the launches of Envista and Veralto, and navigating through the pandemic.

Danaher Corporation (NYSE: DHR), a leading global life sciences and diagnostics innovator, has announced a transition plan for its Chief Financial Officer (CFO) position. Matthew Gugino, currently Group Chief Financial Officer of the Company's Life Sciences Innovations Group and Vice President of Financial Planning & Analysis, will succeed Matthew McGrew as Danaher's CFO effective February 28th, 2026. Following the transition, Mr. McGrew will continue as an Executive Vice President of the Company, as he begins a gradual transition to retirement after more than 20 years with Danaher.

Rainer Blair, President and Chief Executive Officer, praised McGrew's financial leadership, noting his pivotal role in shaping Danaher's growth and success over the past two decades. McGrew has played a key part in the acquisition of Cytiva, the launches of Envista and Veralto as public companies, and navigating the company through the pandemic. Blair expressed gratitude for McGrew's continued support during the transition and looked forward to building on his legacy.

Blair also highlighted Gugino's extensive experience and preparation for the CFO role. Gugino has served in various capacities, including Vice President of Investor Relations, and has been instrumental in shaping Danaher's financial strategy and portfolio evolution. Prior to joining Danaher, Gugino held positions at Barclays, Morgan Stanley, and KPMG, and holds a Bachelor of Science degree in Accounting and a Master of Accountancy and Professional Consultancy from Villanova University.

The transition is part of Danaher's ongoing commitment to fostering a culture of innovation and continuous improvement. Gugino's broad experience and deep understanding of Danaher's operations will be crucial as the company continues to grow and expand its portfolio of life-changing technologies.

References:
[1] https://investors.danaher.com/2025-07-22-Danaher-Announces-Transition-Plan-for-Chief-Financial-Officer
[2] https://www.prnewswire.com/news-releases/danaher-announces-transition-plan-for-chief-financial-officer-302510292.html