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BIO-TECHNE ANNOUNCES APPOINTMENT OF MATTHEW F. McMANUS AS PRESIDENT, DIAGNOSTICS AND GENOMICS SEGMENT Minneapolis/

Key Takeaway: Bio-Techne Corporation announced the appointment of Matthew F. McManus as President of its Diagnostics and Genomics Segment, effective January 8, 2024. He succeeds Kim Kelderman, who will become the Chief Executive Officer on February 1, 2024. Dr. McManus brings over 20 years of experience and previously held significant leadership roles in life sciences, including with Bio-Techne's Molecular Diagnostics Division. His knowledge and experience are viewed positively by the current COO, who expressed confidence in his ability to drive growth in the segment.
Price reaction · baseline $72.42 (2024-01-04 close) · hit after-hours · clean, no other TECH news in the window
day 0 close · peak
-1.8%

Market Sentiment Analysis

POSITIVE FACTORS

  • Matthew F. McManus has extensive experience as a senior life sciences leader.
  • His prior leadership of Bio-Techne's Molecular Diagnostics Division indicates familiarity with the company.
  • The appointment is seen as a step towards growth for the Diagnostics and Genomics Segment.

Full Press Release Details

BIO-TECHNE ANNOUNCES APPOINTMENT OF MATTHEW F. McMANUS AS PRESIDENT, DIAGNOSTICS AND GENOMICS SEGMENT
Minneapolis/January 5, 2024/ Bio-Techne Corporation (NASDAQ: TECH) today announced Matthew F. McManus has been appointed President, Diagnostics and Genomics Segment, effective January 8, 2024. Dr. McManus succeeds Kim Kelderman, who will become Bio-Techne's Chief Executive Officer effective February 1, 2024.
Dr. McManus has over two decades of experience as a senior life sciences leader, most recently serving as Executive Vice President and Chief Operating Officer for Azenta, where he was responsible for Life Sciences Products, Services, and all commercial operations of the business. Previously, Dr. McManus was Senior Vice President and General Manager of Bio-Techne's Molecular Diagnostics Division following its acquisition of Asuragen, where Dr. McManus served as President and CEO. Dr. McManus currently serves as the Chairman of the Board of Directors for ANSA, a company commercializing disruptive capabilities in gene synthesis and cell & gene therapy markets. Dr. McManus received his M.D. and Ph.D. from the University of Pennsylvania School of Medicine, his MBA from Boston College, and his B.A. in Economics from College of the Holy Cross.
"I am excited for Matt's return to Bio-Techne," said Kim Kelderman, Bio-Techne's Chief Operating Officer and in-coming Chief Executive Officer. "Matt's successful prior leadership of Bio-Techne's Molecular Diagnostics Division, combined with his breadth of life science experience and knowledge make him the perfect fit for this role. Matt is the ideal candidate to take the Diagnostics and Genomics Segment through its next phase of growth."
About Bio-Techne Corporation (NASDAQ: TECH)
Contact: David Clair, Vice President, Investor Relations & Corporate Development

Frequently Asked Questions

Who has been appointed President of Diagnostics and Genomics at Bio-Techne?

Matthew F. McManus is the new President of the Diagnostics and Genomics Segment.

When will Matthew F. McManus officially take his position?

He will officially assume his role on January 8, 2024.

Who is Matthew F. McManus replacing at Bio-Techne?

He succeeds Kim Kelderman, who will become CEO on February 1, 2024.

What prior role did McManus have at Bio-Techne?

He was Senior Vice President and General Manager of the Molecular Diagnostics Division.

What experience does Dr. McManus bring to his new role?

He has over twenty years of life sciences leadership experience.

Last updated: Jan 5, 2024