Labcorp Names New Chief Financial Officer

Labcorp has hired Julia Wang to replace Executive Vice President and Chief Financial Officer (CFO) Glenn Eisenberg, as he has retired after a decade in the post. He will remain with the company as a special advisor to the CEO through April to ensure a seamless transition of his current role and help with strategic initiatives underway within Labcorp.

“I want to thank Glenn for a transformative 10 years as Labcorp’s CFO,” Labcorp Chairman, President, and CEO Adam Schechter said. “Under his leadership, Labcorp has more than doubled its revenues from organic growth and acquisitions, while delivering double-digit compound annual total shareholder returns. He has developed a very strong team and has been instrumental in helping us achieve our strategic objectives. Also, during his tenure, Labcorp has completed approximately 100 acquisitions, investing around $11 billion and returning over $6 billion to shareholders through share repurchases and dividends. I look forward to working with Glenn on the CFO transition and key strategic initiatives. I wish him the best on his retirement and appreciate his leadership and dedication to Labcorp.”

Wang has global strategic and financial experience across the diagnostic, pharmaceutical/biotech, medical device, and consumer products industries. Most recently, she was CFO of BeiGene, having joined the firm in June 2020 as senior vice president, Enterprise Optimization and deputy CFO. While at BeiGene, she was instrumental in driving business transformations through accelerating growth, nurturing innovation, and cultivating a culture of sustainable operating efficiencies.

Before her BeiGene tenure, Wang served as senior vice president, Global Business Finance and Corporate Planning at Alexion Pharmaceuticals. Prior to Alexion, she held leadership positions at Quest Diagnostics, including vice president of U.S. Regional Finance and Enterprise Commercial, and vice president of Finance, Value Creation. Earlier in her career, Wang held senior leadership roles at Johnson & Johnson as CFO of various operating businesses in medical device and pharmaceuticals. Previously, she also led finance initiatives at PepsiCo.

“Julia brings the right mix and diversity of expertise in diagnostics and drug development as well as pharmaceutical and biotech to lead our financial team into Labcorp’s next phase of growth,” Schechter added. “We will benefit from Julia’s extensive healthcare and consumer sector experience, strategic insights and operating rigor as we continue to create and unlock value for our shareholders and fulfill our mission to improve health and improve lives.”

Wang earned her MBA from Fuqua School of Business at Duke University and a bachelor of arts degree in British language and literature from Shandong Normal University.

“I have long admired Labcorp as a trusted brand and am thrilled to join Labcorp as CFO and see clear opportunities to continue executing on our strategy to help deliver better outcomes for patients,” Wang stated. “No doubt Labcorp offers a mission-driven, collaborative culture that delivers value for patients, employees, and shareholders. I look forward to working with Glenn to ensure a seamless transition and partnering with Adam to position Labcorp to continue to provide excellent value to shareholders and accelerated growth as we enter 2025 with momentum.”

Labcorp provides comprehensive laboratory services to doctors, hospitals, pharmaceutical companies, researchers, and patients. The company’s more than 67,000 employees serve clients in approximately 100 countries, provided support for 84% of the new drugs and therapeutic products approved in 2023 by the U.S. Food and Drug Administration, and performed more than 600 million tests for patients globally.