Meridian Bioscience (VIVO) Announces Retirement of Chairman David Phillips

November 24, 2021 9:05 AM EST

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Meridian Bioscience, Inc. (NASDAQ: VIVO), a leading global provider of diagnostic testing solutions and life science raw materials, announced today that David Phillips, Chairman of the Board of Directors, will retire from the Board of Directors and not seek re-election when his term ends in January 2022. The Board of Directors will elect a new chair when Mr. Phillips' term expires and will not replace the vacated seat, which will reduce the number of directors to eight.

Mr. Phillips joined the Meridian Board of Directors in 2000 and has served as chairman since September 2018. During his tenure, Mr. Phillips shepherded the Company through the implementation of Sarbanes-Oxley and numerous acquisitions that form today's Meridian. The Company has more than twice as many employees and finished fiscal 2021 with net revenues and diluted earnings per share more than five times that of fiscal year 2000.

David Phillips, Chairman of the Board of Directors stated, "It has been an honor to be part of Meridian for the last 21 years. I have witnessed the transformation and globalization of this business and I am proud of the impact the Company continues to make in healthcare. Jack has built the strongest management team since I have been part of the organization, and coupled with the expertise of the other directors, I am excited about what the future holds for the Company."

Jack Kenny, CEO said, "Dave has dedicated many years to Meridian as an advisor, leader, and friend. His contributions over the years are greatly appreciated and his presence around the office and in the board room will be greatly missed."

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