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West Pharmaceutical Appoints Robert McMahon as Incoming Chief Financial Officer.
ByAinvest
Monday, Jul 21, 2025 4:21 pm ET1min read
West Pharmaceutical Services has appointed Robert McMahon as its new Chief Financial Officer, effective August 4, 2025. McMahon will succeed Bernard Birkett, who will retire and become Senior Advisor to the CEO through the end of the year. McMahon brings experience from his time at Bloomberg, and his appointment marks a significant milestone for the company.
West Pharmaceutical Services, Inc. (NYSE: WST) has appointed Robert McMahon as its new Chief Financial Officer, effective August 4, 2025. McMahon will succeed Bernard Birkett, who will retire and transition to the role of Senior Advisor to the CEO through the end of 2025. This appointment marks a significant milestone for the company, which specializes in injectable drug administration solutions and services.McMahon brings extensive experience in financial leadership, having previously served as CFO at Agilent Technologies Inc. since 2018. Before joining Agilent, he held similar roles at Hologic, Inc. and spent 20 years at Johnson & Johnson in various financial leadership positions. Additionally, he has been an Independent Director at OraSure Technologies, Inc. since 2023.
"I’m excited by the opportunity to join such a well-positioned company with a talented team dedicated to improving patient health," McMahon said in the press release.
West Pharmaceutical Services operates 50 sites globally, including 25 manufacturing facilities, and employs over 10,000 team members. In fiscal year 2024, the company generated $2.89 billion in net sales. In Q1 2025, West reported strong financial results, surpassing earnings expectations with an EPS of $1.45, compared to the forecasted $1.23. The company’s revenue reached $698 million, exceeding the anticipated $684.94 million.
The company anticipates continued growth in high-value products and has forecasted full-year 2025 net sales between $2.945 billion and $2.975 billion. KeyBanc reiterated an Overweight rating for West Pharmaceutical, citing significant growth opportunities in the GLP-1 market, which is expected to expand rapidly in the coming years. Recent capacity investments by major pharmaceutical companies are expected to benefit component suppliers like West Pharmaceutical, indicating strong industry confidence in sustained GLP-1 demand.
References:
[1] https://www.investing.com/news/company-news/west-pharmaceutical-services-appoints-robert-mcmahon-as-new-cfo-93CH-4143258
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