Exhibit 99.1
Christine Tsingos Announces Plans to Retire as CFO ofBio-Rad Laboratories, Inc. Effective April 30, 2019
HERCULES, Calif.–January 3,2019–Bio-Rad Laboratories, Inc. (NYSE: BIO and BIOb), a global leader of life science research and clinical diagnostic products, today announced that Christine A. Tsingos has informed the company of her intention to retire as Executive Vice President and Chief Financial Officer effective April 30, 2019. Ms. Tsingos will remain in her current role through April 30 and will assist in the orderly transition to a successor.
“After 16 years as CFO ofBio-Rad, Christine leaves a tremendous legacy of financial stewardship that has served the company and investors well,” said Norman Schwartz,Bio-Rad President and Chief Executive Officer. “On behalf of the entire Board and management team, I thank Christine for her integrity, dedication, and leadership,” he added.
“I am proud and fortunate to have spent so many years being part ofBio-Rad, a great company focused on advancing discovery and improving lives,” Tsingos said. “I am excited about spending more time with my family and the prospect of serving on the boards of other companies. Until then, I am dedicated to helpingBio-Rad find my successor and aiding in a smooth transition.”
Over the past 16 years,Bio-Rad has increased its revenues more than 240 percent, boosted profitability and cashflow, and enjoyed an appreciation in its stock price from approximately $30 to a recent high of more than $300 per share.
The company has initiated a comprehensive search for a successor.
AboutBio-Rad
Bio-Rad Laboratories, Inc. (NYSE: BIO and BIOb) is a global leader in developing, manufacturing, and marketing a broad range of innovative products for the life science research and clinical diagnostic markets. With a focus on quality and customer service for over 65 years, our products advance the discovery process and improve healthcare. Our customers are university and research institutions, hospitals, public health and commercial laboratories, biotechnology, pharmaceutical, as well as applied laboratories that include food safety and environmental quality. Founded in 1952,Bio-Rad is based in Hercules, California, and has a global network of operations with more than 8,000 employees worldwide.Bio-Rad had revenues exceeding $2.1 billion in 2017. For more information, please visitwww.bio-rad.com.