Bio-Rad Names Jonathan DiVincenzo President and Chief Operating Officer, Effective September 9
Bio-Rad Laboratories appointed Jonathan P. DiVincenzo, formerly an executive at Labcorp, as President and Chief Operating Officer, effective September 9, 2024, replacing Andrew Last, who retires September 5, 2024. CEO Norman Schwartz keeps his role as Chief Executive Officer and Chairman and gives up the title of President.
- DiVincenzo's offer letter provides a $665,000 annual base salary and a 2024 target cash bonus of 100% of eligible earnings.
- Equity and sign-on terms include restricted stock units valued at $2,500,000 within sixty days of hire and a $1.3 million sign-on bonus payable by February 15, 2025.
- DiVincenzo was most recently Executive Vice President and President, Central Laboratories & International at Labcorp from May 2023 to August 2024.