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Parexel Appoints Peyton Howell As Chief Executive Officer (CEO) To Succeed Jamie Macdonald

Mar 18, 2024over 1 year ago

Position

Chief Executive Officer

Company

Parexel

Peyton Howell
DurhamTherapeuticsMedicalBiotechnologyHealth Care

Description

Parexel announced that Chief Operating and Growth Officer Peyton Howell will succeed Jamie Macdonald as Chief Executive Officer (CEO) effective May 15, 2024, while also being appointed to the company’s Board of Directors on the same date. Jamie Macdonald will continue on the Board through Dec. 31, 2024, and will remain an industry advisor to EQT and the largest individual investor in Parexel.

Company Information

Company

Parexel

Location

Durham, North Carolina, United States

About

Parexel is among the world’s largest clinical research organizations (CROs), providing the full range of Phase I to IV clinical development services to help life-saving treatments reach patients faster. The company's team of more than 21,000 global professionals works in partnership with biopharmaceutical leaders, emerging innovators and sites to design and deliver clinical trials with patients in mind, increasing access and participation to make clinical research a care option for anyone, anywhere.

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Executive Insights

Based on hiring data
New executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months