Baxter creates new medical products business
Baxter International Inc. Tuesday announced the formation of a new Medical Products business, combining the company's Renal and Medication Delivery businesses into a single global business unit.
This new business brings together two organizations involving the many capabilities across product development, supply chain, manufacturing and regulatory affairs.
“This new organization reinforces Baxter's commitment to maintaining a diverse business model while accelerating the company's ongoing efforts to lower cost and drive productivity, Robert L. Parkinson, Jr., chairman and chief executive officer, said in a statement. “This also allows us to serve customers and other stakeholders with greater efficiency and increases our organizational capacity to pursue growth initiatives.
Concurrent with the new organizational structure, the company announced key leadership changes, effective immediately:
Medical Products Leadership
Robert Davis has been appointed corporate vice president and president, Medical Products. He previously served as corporate vice president and president of the company's Renal business, and before that, served as the company's chief financial officer. Davis joined Baxter in 2004 from Eli Lilly and Company, where he held a number of financial roles of increasing responsibility. Davis earned his juris doctorate from Northwestern University School of Law and his master's degree from Northwestern University's Kellogg Graduate School of Management, after graduating from Miami University with a bachelor's degree in finance.
Peter Arduini, corporate vice president and president, Medication Delivery, is leaving the company for another opportunity.
Bioscience Leadership
Ludwig Hantson has been appointed corporate vice president and president, Bioscience, filling a role vacated by Joy Amundson, who is leaving after six years of service to the company. Hantson joined Baxter in May as corporate vice president and president of the company's International business. Before joining Baxter, Hantson was chief executive officer, Pharma North America for Novartis and spent 13 years at Janssen, a unit of Johnson & Johnson, in roles of increasing responsibility in marketing and clinical R&D. Hantson earned his Ph.D. in Motor Rehabilitation and Physical Therapy from the University of Louvain.
“Peter and Joy have made important contributions to our organization and we thank them for their service, said Parkinson. “At the same time, we're very fortunate to have two outstanding leaders in Rob and Ludwig, who will support our efforts to accelerate long-term growth.