- Push-out Score determined
- After around 13 years in the position
- Praise and thanks for Filliol
- Patrick Kaltenbach taking over
- Filliol said 73 words
(exechange) — Columbus, Ohio, December 15, 2020 — Olivier Filliol, chief executive of Mettler-Toledo, leaves. As announced by Mettler-Toledo International Inc. in a news release on Tuesday, December 15, 2020, Olivier A. Filliol leaves his post as chief executive officer of the supplier of precision instruments after around 13 years in the role, effective April 1, 2021.
Olivier Filliol’s duties as CEO will be taken over by Patrick K. Kaltenbach, currently President of the Life Sciences Segment of Becton Dickinson.
The fact that Olivier Filliol’s successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.
“The timing of this transition is ideal”
Olivier Filliol’s departure from the CEO post is explained as follows. Filliol said: “The timing of this transition is ideal, as our organization has never been stronger.”
Precise information regarding Olivier Filliol’s future plans was not immediately available.
Mettler-Toledo said: “Olivier Filliol, after 13 years as CEO, has chosen to step down and the Board of Directors has agreed on a CEO transition.”
Share price increase since January 2008
The announcement follows an increase in Mettler-Toledo International Inc.’s share price of 916% since January 2008. January 2008 is the month in which Filliol’s tenure as CEO began.
Chaired by Robert Spoerry
Robert Spoerry serves as Mettler-Toledo International Inc.’s Chairman.
Robert F. Spoerry has been a director since October 1996. He has been Chairman of the Board of Directors of the company since May 1998.
In the position of CEO since 2008
Olivier Filliol became CEO of the Company in 2008.
Filliol will remain a member of the Board of Directors, and in addition, he will support the Company in marketing and other organizational matters.
Olivier A. Filliol has been a director since January 2009.
He has a Master’s (lic. oec.) and Ph.D. (Dr. oec.) in Business Administration from the University of St. Gallen, Switzerland, and has completed executive education at the Business School of Stanford University.
He has been President and Chief Executive Officer of the company since January 1, 2008.
On March 25, 2020, Filliol will stand for election to the Board of Directors of Givaudan S.A., a company listed on the SIX Swiss Exchange.
Prior to his current role with the company, Filliol served the company as: Head of Global Sales, Service and Marketing from April 2004 to December 2007; Head of Process Analytics from June 1999 to December 2007; and General Manager of the U.S. checkweighing operations from June 1998 to June 1999.
Prior to joining the company, Filliol was a Strategy Consultant with the international consulting firm Bain & Company working in the Geneva, Paris, and Sydney offices.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Mettler-Toledo and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 51.2020 ($).