Fortrea Names Anshul Thakral CEO, Succeeding Interim CEO Peter M. Neupert.

Fortrea, a leading global contract research organization, announced the appointment of Anshul Thakral as CEO, effective August 4, 2025. Thakral succeeds Interim CEO Peter M. Neupert, who will remain as chairman of the Board. Thakral brings over 20 years of experience in life sciences and will focus on executing the Company's transformation plan and driving profitable growth.

Fortrea, a leading global contract research organization (CRO), has appointed Anshul Thakral as its new Chief Executive Officer (CEO), effective August 4, 2025. Thakral succeeds Interim CEO Peter M. Neupert, who will remain as chairman of the board [1][2][3].

Thakral brings over 20 years of experience in the life sciences sector, with extensive roles as an executive, commercial leader, advisor, and entrepreneur. His appointment is part of Fortrea's ongoing transformation plan, focusing on profitable growth and creating value for customers, employees, and shareholders [1][2].

The new CEO's background includes executive roles at PPD and Launch Therapeutics, where he led significant growth initiatives. Thakral's appointment is seen as a critical step in stabilizing Fortrea's leadership following the interim period under Neupert [1][2][3].

Fortrea aims to leverage Thakral's expertise in business development and customer engagement to modernize clinical trials and enhance drug development solutions. The company is at an inflection point in its development trajectory, indicating a strategic shift towards profitable growth rather than mere market expansion [1][2].

While leadership transitions always carry execution risk, Fortrea's appointment of Thakral provides continuity and institutional knowledge transfer with Neupert remaining as chairman. This approach signals the company's commitment to long-term strategic execution [1][2].

References:
[1] https://www.stocktitan.net/news/FTRE/fortrea-names-anshul-thakral-chief-executive-6vejveh2mviw.html
[2] https://finance.yahoo.com/news/fortrea-names-anshul-thakral-chief-201000976.html
[3] https://au.investing.com/news/company-news/fortrea-appoints-anshul-thakral-as-new-ceo-effective-august-4-93CH-3886624