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BIO-TECHNE ANNOUNCES RETIREMENT, APPOINTMENT OF GENERAL COUNSEL Minneapolis/

Key Takeaway: Bio-Techne Corporation has announced the appointment of Shane Bohnen as the new Senior Vice President and General Counsel, effective March 3, 2023, following the retirement of Brenda Furlow. Brenda Furlow has served the company for nine years and will continue to provide transition support until her retirement. Shane Bohnen, who has been with Bio-Techne since 2019 as Associate General Counsel, brings over 20 years of legal experience and has been involved in M&A activities and corporate sustainability initiatives. His extensive background in legal and regulatory risk management is expected to be crucial for the company's growth strategy.

Market Sentiment Analysis

POSITIVE FACTORS

  • Shane Bohnen's extensive experience as a senior legal advisor is a positive asset for the company.
  • Brenda Furlow's successful tenure and leadership over the past nine years are acknowledged and appreciated.
  • The transition plan includes ongoing support from Brenda, ensuring stability during the change.
  • Mr. Bohnen's contributions to M&A activities and ESG initiatives are likely to enhance the company's strategic position.

Full Press Release Details

BIO-TECHNE ANNOUNCES RETIREMENT, APPOINTMENT OF GENERAL COUNSEL
Minneapolis/January 31, 2023/ Bio-Techne Corporation (NASDAQ: TECH) today announced Shane Bohnen has been appointed Senior Vice President, General Counsel effective March 3, 2023. Mr. Bohnen succeeds Brenda Furlow, who will be retiring from the Company after serving as Executive Vice President and General Counsel for the past nine years. Brenda has been and will continue to provide transition support until her March 3, 2023, retirement and will serve in a consulting capacity for special projects going forward.
Mr. Bohnen has over 20 years of experience as a senior legal advisor, including serving as Bio-Techne's Associate General Counsel since 2019. During his tenure at Bio-Techne, Mr. Bohnen led several initiatives, including commercial support across the entire Bio-Techne enterprise, co-leading recent M&A activities, contributing to the Company's ESG initiatives, including the preparation of the most recent Corporate Sustainability Report, and protecting the enterprise's competitive interests through offensive and defensive litigation. Prior to joining Bio-Techne, Mr. Bohnen spent 10 years in private practice where he developed broad experience in life sciences litigation, practicing in more than sixty U.S. jurisdictions on behalf of life sciences manufacturers and providers, and eventually being elected to the partnership at Bowman & Brooke LLP. Mr. Bohnen also served as in-house corporate counsel at Smiths Medical where he held roles of increasing responsibility including providing conglomerate-wide, global legal support across five distinct enterprises. Additionally, he served briefly as in-house counsel at Resideo where he supported three successful acquisitions, a number of process and culture improvement initiatives and several strategic reorganizations.
"I want to personally thank Brenda for her leadership and significant contributions over the last nine years at Bio-Techne. She established the legal and compliance functions at Bio-Techne, and most recently has been instrumental in leading our corporate sustainability program. Her legal advice and strategic insight have played an integral role in the Company's success, and I wish her the best in the future," said Chuck Kummeth, President and Chief Executive of Bio-Techne. "Shane has been a trusted legal advisor to the Bio-Techne executive team since joining the Company in 2019. His in-depth knowledge of Bio-Techne and experience in our complex commercial business, management of legal and regulatory risk, oversight of compliance and ethics programs, and corporate governance experience will be essential as we continue to execute our long-term growth strategy."
About Bio-Techne Corporation (NASDAQ:TECH)
Contact: David Clair, Vice President, Investor Relations

Frequently Asked Questions

Who is the new General Counsel of Bio-Techne?

Shane Bohnen has been appointed as Senior Vice President, General Counsel.

When will Brenda Furlow retire from Bio-Techne?

Brenda Furlow will retire on March 3, 2023.

What role did Shane Bohnen have before his new appointment?

Shane Bohnen served as Associate General Counsel since 2019.

What contributions did Brenda Furlow make at Bio-Techne?

Brenda established legal functions and led the corporate sustainability program.

How long has Shane Bohnen worked in the legal field?

Shane Bohnen has over 20 years of experience as a senior legal advisor.

Last updated: Jan 31, 2023