James Davis, CEO and president of Secaucus-based Quest Diagnostics, has been elected to serve to serve in the additional position of chairman of the board of directors, effective April 1.
“The board carefully considered our governance structure and determined that combining the roles of chairman and CEO under Jim Davis’ leadership is in the best interest of shareholders to successfully continue to execute Quest Diagnostics’ strategy,” Tim Ring, Quest’s lead independent director, said.
Davis, who joined the company in 2013 and assumed the role of CEO, president and director on Nov. 1, will succeed former CEO Steve Rusckowski, who remains chairman through March 31.
“I am honored to assume these additional responsibilities as I continue to work together with the board, Quest’s nearly 50,000 colleagues and our many customers and partners to create a healthier world and build value,” Davis said. “I want to thank Steve for his many years of stewardship as chairman and CEO. I look forward to building on his contributions and working closely with Tim Ring in my new capacity as chairman.”