Azenta, Inc. (AZTA) Announces CEO Succession Plan

Azenta, Inc. (Nasdaq: AZTA) today announced a CEO succession plan, under which CEO and Board Director Dr. Stephen Schwartz will be retiring from Azenta after more than 14 years of service. Dr. Schwartz will continue to serve as CEO until a successor is appointed to ensure a smooth transition.

Dr. Schwartz's retirement follows a discussion with the Board as part of the company's active succession planning process. In connection with that process, the Board has initiated a search to identify Azenta's next CEO, and has engaged Heidrick & Struggles, a leading executive search firm, to assist in the process of identifying and evaluating candidates.

Dr. Schwartz said, "It has been a privilege to be a part of this incredible company. I am proud of Azenta's achievements and I want to express my deepest gratitude to the terrific Azenta team. Together, we have undergone an impressive and complex transformation from semiconductor capital equipment company, Brooks Automation, to the leading life sciences business Azenta is today. I look forward to supporting a smooth transition to the next CEO as Azenta prepares to embark on its next chapter."

Frank E. Casal, Chair of the Board, said "On behalf of the Board, we are grateful to Steve for his unwavering commitment to Azenta for more than 14 years. Under his leadership and vision, Azenta successfully transformed into a standalone, publicly-traded, pure-play life sciences company, operating around the world with annual revenue of over $600 million and more than 3,000 team members. We thank Steve for his many contributions to Azenta's success, his collaborative partnership in the Boardroom as well as his commitment to leading the business, as we identify the best possible successor."

Today, Azenta also reported its earnings results for the second quarter of fiscal 2024.

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