BNET Industries

Market Cap:$23.2B
Last Fiscal Year Sales:$12.6B
  • Public
  • US
Dow Jones Description

Tools to technology, creating better living standards at Danaher! Established in 1980, Danaher Corporation (NYSE:DHR) has its headquarters in Washington, DC. The company designs, manufactures, and markets electronic testing, environmental, and medical equipment with strong brand names and significant market positions. The company has revenue of $8 billion and about 40,000 employees. During 2005 the company acquired several companies like Leica Microsystems AG, Visual Networks Inc and 97% interest in Linx Printing Technologies PLC.

President & CEO
H. Lawrence Culp
Number of Employees 50,300
Contact Information

2099 Pennsylvania Ave

Washington, District of Columbia 20006-6807

danaher.com

(202) 828-0850

NAICS Code Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables: 334513

Recent Events

  • Altor Equity Partners sells PaloDEx to Danaher

    11/16/09 - Merger / Acquisition - View Story

  • Financial sector concerns, economic worries depress stock markets (Dollar-Markets)

    11/03/09 - Merger / Acquisition - View Story

  • AT&T; 3M Company Net Drops

    10/23/09 - Financial Announcement - View Story

  • Danaher to acquire PaloDEx

    10/14/09 - Merger / Acquisition - View Story

  • MDS sells mass spec business to Danaher for $650 million

    10/05/09 - Merger / Acquisition - View Story

  • Week of Sept. 7, 2009: Facet Rejects Biogen Idec's Proposal; Roche Announces Management Changes; ...

    9/24/09 - Joint Venture / Alliance - View Story

  • Leading Proxy Advisory Firms Recommend that MDS Shareholders Vote in Favour of the Divestiture of...

    10/08/09 - Merger / Acquisition - View Story

  • Danaher's board declares USD0.03 quarterly dividend

    9/21/09 - Stock Split / Dividend - View Story

  • BRIEF-RESEARCH ALERT-Goldman upgrades U.S. multi-industry sector to attractive

    9/09/09 - Bond / Stock Rating - View Story

  • Goldman Sachs Upgrades Illinois Tool Works ITW to Conviction Buy, Upgrades Multi-Industry Stocks

    9/09/09 - Bond / Stock Rating - View Story

  • MDS sells mass spec business to Danaher, seeks buyer for pharma services business

    9/08/09 - Merger / Acquisition - View Story

  • BRIEF-RESEARCH ALERT-JP Morgan upgrades GE to overweight

    9/08/09 - Bond / Stock Rating - View Story

  • UPDATE 4-Danaher expands in life sciences, to cut more jobs

    9/02/09 - Merger / Acquisition - View Story

  • Danaher to buy units from MDS, Life Technologies

    9/02/09 - Merger / Acquisition - View Story

  • Danaher Accelerates Restructuring, Buys 2 Firms

    9/03/09 - Financial Announcement - View Story

  • Danaher accelerates restructuring plans; will close 30 facilities

    9/03/09 - Merger / Acquisition - View Story

  • MDS says it's committed to focusing on Nordion unit

    9/10/09 - Merger / Acquisition - View Story

  • Life Technologies to Sell Mass Spectrometry Business to Danaher for $450 Million in Cash

    9/02/09 - Merger / Acquisition - View Story

News & Analysis

danaher corp. and staff - All News and Analysis

Decision Makers

Name (plus bio) Position
H. Lawrence Culp President & CEO
Lawrence Culp President and Chief Executive Officer
Steve Breitzka President
Daniel L. Comas Cfo
Patrick W. Allender Chief Financial Officer
Robert S. Lutz Chief Accounting Officer & Vice President
Jim Lico Executive Vice President
Philip W. Knisely Executive Vice President
Steven E. Simms Executive Vice President
Thomas P Joyce Executive Vice President
William K. Daniel II Executive Vice President
James H. Ditkoff Senior Vice President, Finance and Tax
Alex A. Joseph Vice President & General Manager
Andy Wilson Vice President, Business Development
Barbara Hulit Vice President
Brian Burnett Vice President, Procurement
Christian Williamson Vice President of Global Market Strategies
Christopher C. McMahon Vice President & Controller
Dan Daniel Vice President
Daniel A. Pryor Vice President, Strategic Development
Daniel A. Raskas Vice President, Corp Development
Donald Doles Vice President, Business Sys & Procurement
F. Anders Wilson Vice President, Investor Relations
Frank T. McFaden Vice President & Treasurer
Henk van Duijnhoven Vice President, HR
J. David Bergman Vice President, Audit
Matt R. McGrew Vice President, Investor Relations, Danaher Corporation
Mark McElhinny Dynapar Business Unit Director
Craig B. Purse Controller
Ben Brockert
Jon Clark
Jonathan P. Graham Senior Vice President & General Counsel
Margaret Brask
Peter Kurstein
Philip W Knisley

Board of Directors

Name (plus bio) Position
John T. Schwieters Chairman
Mitchell P Rales Executive Committee Chairman
Steven M. Rales Board Chairman
A. Emmet Stephenson Jr. Board Director
Alan G. Spoon Board Member
Donald J. Ehrlich Board Director
Linda P. Hefner Board of Directors
Mortimer M. Caplin Board Director
Walter G. Lohr Board Director

Mr. Culp is President and Chief Executive Officer of Danaher Corporation. Mr. Culp has served as President and Chief Executive Officer of Danaher since May 2001. Mr. Culp has played a key role in the creation of the Company’s strategic vision as well as in the development and application of the Danaher Business System. During Mr. Culp’s tenure, Danaher’s revenues have tripled to more than $12 billion and the Company’s market capitalization has doubled to more than $16 billion. Mr. Culp began his Danaher career in 1990 at Veeder-Root where he became President in 1993. He subsequently became a Group Executive and Corporate Officer in 1995 where he had primary leadership responsibility for Danaher's Environmental and Electronic Test businesses. In 1999 he was appointed Executive Vice President and became Chief Operating Officer in 2000. Prior to joining Danaher, Mr. Culp held positions with Accenture. Mr. Culp is a member of the Board of Directors for GlaxoSmithKline, plc. and on the Board of Visitors and Governors for Washington College. Mr. Culp earned his B.A. from Washington College and his MBA from Harvard Business School.

Organization Position Status
Danaher Corporation President & CEO Current
Danaher Corporation Board of Directors Current
Washington College B.A. Former

Independent Non-Executive Director. Mr Culp is President and Chief Executive Officer of Danaher Corporation. Prior to joining Danaher, he held positions in Accenture, previously Andersen Consulting.

Organization Position Status
Danaher Corporation President and Chief Executive Officer Current
GlaxoSmithKline Plc Board of Directors Current

Organization Position Status
Danaher Corporation President Current
Danaher Industrial Controls President Current
Danaher Corporation Vice President Current
Gems Sensors Inc. President Former
Jims Sensors Inc President Former
Gems Sensors Inc. Group Executive, Danaher Sensors and Controls Former
Danaher Corporation Group Executive Former
Rockford College Bachelor of Science In Finance Former

Organization Position Status
Danaher Corporation Cfo Current
Danaher Corporation Executive Vice President Current
Stanford University Masters of Business Administration Former
Georgetown University undergraduate degree in Economics Former

Organization Position Status
DH Holding Corp. CFO Current
Danaher Corporation Chief Financial Officer Current
Brady Corporation Europe Director Current
Brady Corporation Director Current
Id-Direct Director Current
IDenticard Systems, Inc. Director Current
API Delevan, Inc. Cfo, Executive Vice President & Secretary Former
Danaher Corporation Executive Vice President Former
Danaher Corporation Secretary Former

Organization Position Status
API Delevan, Inc. Vice President & Chief Accounting Officer Current
Danaher Corporation Chief Accounting Officer & Vice President Current
Danaher Corporation Board of Directors Current

Organization Position Status
Danaher Corporation Executive Vice President Current
Fluke Electronics Corporation / Fluke Corporation President Former
Fluke International Corporation President Former
Fluke Corporation President Former
Kistler-Morse Corporation President Former
Pacific Scientific Energetic Materials Co Executive Vice President Former
Fluke Corporation Vice President of Operations Former
Veeder-Root Company Vice President, Operations Former
Danaher Corporation Group Executive Former
Northwestern University Masters in Management Former
University of Michigan BS degree Former

Organization Position Status
Danaher Corporation Executive Vice President Current
API Delevan, Inc. Executive Vice President Former
University of Virginia MBA Former

Organization Position Status
Danaher Corporation Executive Vice President Current
Danaher Corporation Corporate Vice President Current
API Delevan, Inc. Executive Vice President Former
Hennessy Industries, Inc. Corporate Vice President Former
Matco Tools Corp. Corporate Vice President Former
Hennessy Industries, Inc. Group Executive Former
Matco Tools Corp. Group Executive Former
Danaher Corporation Group Executive Former

Organization Position Status
Danaher Corporation Executive Vice President Current
Delta Consolidated Industries, Inc. President Former
Hach President Former
Anderson Instrument Co. Inc. President Former
Fortune Brands, Inc. President Former
Danaher Corporation Project Manager Former
Danaher Corporation Corporate Officer Former
University of Chicago CPA Former
Loyola University MBA Former
University of Wisconsin Bachelor of Science degree in Business Administration Former
College of the Holy Cross bachelor's degree in Economics Former
Cleveland State University BS in Industrial Engineering Former

Organization Position Status
Danaher Corporation Executive Vice President Current

Organization Position Status
Danaher Corporation Senior Vice President, Finance and Tax Current

Organization Position Status
Danaher Corporation Vice President & General Manager Current

Organization Position Status
Danaher Corporation Vice President, Business Development Current
Motion Control Group Vice President of Finance Former
Honeywell International Inc. Former
KPMG International Former
Baylor University B.B.A in Accounting Former

Ms. Hulit joined Fluke in June 2005 as President of the Fluke Corporation. Prior to joining Fluke, Ms. Hulit was Vice President and Director at The Boston Consulting Group (BCG), where she lead the firm's global packaged goods sector and consumer and retail practice in the US. She joined BCG in 1992, focusing on strategy and business development, rising from consultant to partner in six years. Prior to joining BCG, Ms. Hulit also served in sales and marketing roles with Noxell Corporation, Frito Lay and Marketing Corporation of America. Ms. Hulit earned her MBA from the Kellogg School at Northwestern and BBA in Marketing from the University of Texas - Austin.

Organization Position Status
Danaher Corporation Vice President Current
Kellogg School of Management at Northwestern University MBA Former
The University of Texas at Austin Bba In Marketing Former

Organization Position Status
Veeder-Root Company President Current
Danaher Corporation Vice President, Procurement Current

Christian Williamson, Chairman , is currently Vice President of Global Market Strategies at Danaher Corporation, a $10 Billion industrial conglomerate which operates within multiple platforms including water treatment. Mr. Williamson joined the Trojan Technologies Division of Danaher in 2001 through the acquisition of Advanced UV Solutions and was promoted to Vice-President, Global Market Strategies in January 2008 - Executive Team Member. Prior to that, Mr. Williamson was Managing Director, Environmental Contaminant Treatment since 2001. Prior to that Mr. Williamson was Managing Partner for Advanced UV Solutions, LLP, a "spin-off" of the consulting firm Hydro Geo Chem, Inc. The main goal of AUVS was to liquidate the asset for Hydro Geo Chem through the sale of the AUVS Company. Mr. Williamson holds a B.S. in Engineering Mathematics and a Doctorate in Hydrology with an emphasis in Systems Engineering from The University of Arizona

Organization Position Status
Danaher Corporation Vice President of Global Market Strategies Current
Locateplus Co Chairman of The Board Current
The University of Arizona Doctorate In Hydrology Former
The University of Arizona B.S. In Engineering Mathematics Former

Organization Position Status
Danaher Corporation Vice President & Controller Current
DH Holding Corp. Vice President Former

Mr. Daniel has served as Vice President and Group Executive since July, 2006 with responsibility for the Danaher Motion Control platform of businesses as well as Jacobs Vehicle Systems. Prior to Danaher, Mr. Daniel spent 19 years with ArvinMeritor serving in a variety of positions including the role of President, Light Vehicle Aftermarket from 1999 to 2006. Mr. Daniel earned his B.A. from DePauw University and his MBA from The Darden School at The University of Virginia, where he serves as a member of the Corporate Advisory Board.

Organization Position Status
Danaher Corporation Vice President Current
Darden Graduate School of Business Administration MBA Former
DePauw University B.A. Former

Organization Position Status
Danaher Corporation Vice President, Strategic Development Current
Carlyle Holding Corporation Current
Hach Executive Vice President Former
API Delevan, Inc. Vice President, Strategic Development Former
Harvard Business School M.B.A. Former
Harvard Business School M.B.A Former
Williams College B.A. magna cum laude Former

Organization Position Status
Danaher Corporation Vice President, Corp Development Current
API Delevan, Inc. Vice President, Corp Development Current

Organization Position Status
Danaher Corporation Vice President, Business Sys & Procurement Current

Organization Position Status
Danaher Corporation Vice President, Investor Relations Current

Organization Position Status
Danaher Corporation Vice President & Treasurer Current

Organization Position Status
Danaher Corporation Vice President, HR Current

Organization Position Status
Danaher Corporation Vice President, Audit Current

Organization Position Status
Danaher Corporation Vice President, Investor Relations, Danaher Corporation Current

Organization Position Status
Danaher Industrial Controls Vice President, Sales Current
Danaher Corporation Dynapar Business Unit Director Current

Organization Position Status
Accu-Sort Systems, Inc. Vice President & Group Executive Current
Danaher Corporation Controller Current
Danaher Corporation President Former
Videojet Inc. President Former
Danaher Corporation Vice President & Group Executive Former
University of Chicago MBA Former

Organization Position Status
Masten Space Systems, Inc. Aerospace Technician Current
Sauer-Danfoss Inc. Current
Danaher Corporation Current
Iowa State University Former

In 2002, Mr. Clark joined Danaher as the Vice President of Global Marketing for Hach Company in Loveland, CO. In August of 2005, as part of his general management career path, he transitioned to a manufacturing position as Operations Manager in order to broaden his knowledge and experience in manufacturing and the Danaher Business System. In 2006, Mr. Clark was named President, Hach Americas and Asia. In 2007, he was named to his current position as President, Hach Lange with responsibility for the Hach, Hach Lange, Lachat, OTT, Hydrolab, and Sigma product lines worldwide. Prior to Danaher, Mr. Clark held increasingly responsible positions with Newell Company, Black and Decker, Teledyne and Ingersoll Rand. Mr. Clark earned his bachelor's degree in Business Administration from the University of Buffalo- Buffalo, NY in 1982.

Organization Position Status
Danaher Corporation Current
Black & Company Former
University Corp. Bachelor's Degree In Business Administration Former

Organization Position Status
Danaher Corporation Senior Vice President & General Counsel Current
General Electric Company Vice President, Litigation & Legal Policy Former
Williams & Connolly Partner Former

Organization Position Status
Smarttopgrading Current
Danaher Corporation Current

Mr. Kurstein began his career at Danaher following the acquisition of Radiometer in 2004. He has served as President of Radiometer since 1987. Prior to joining Danaher, Mr. Kurstein has held increasingly responsible positions at Pfizer, Inc., in New York and Shiley, Inc. in California. Mr. Kurstein earned his MBA from Harvard Business School in 1981. He is a member of the boards of Foss A/S, H. Lundbeck A/S, and Danish-American Business Forum.

Organization Position Status
Danaher Corporation Current
Foss A/S Board of Directors Current

Organization Position Status
Danaher Corporation Current
University of Virginia MBA Former

Organization Position Status
Danaher Corporation Chairman Current
Perseus Books Group Board Member Current
Perseus LLC Vice Chairman Current
Danaher Corporation Board of Directors Current
Choice Hotels International, Inc. Board of Directors Current
Smithfield Foods, Inc. Vice Chairman of Perseus L.L.C., A Merchant Bank Current
Smithfield Foods, Inc. Director Current
AARP Advisory Partner Former
Arthur Andersen LLP Partner Former
Clark Enterprises Inc. Advisory Partner Former
John F. Kennedy Center for the Performing Arts Advisory Partner Former
SLM Corporation Advisory Partner Former
Trinity College Trustee Former
HCR ManorCare, Inc. Board of Directors Former
The George Washington University Law School Advisory Board Former
Synova Healthcare Group Inc Board of Directors Former
Perseus LLC Board of Directors Former
Georgetown University B.S. in Business Administration Former
The George Washington University L.L.B. Former
HCR ManorCare, Inc. member Former
Perseus Books Group member Former

Organization Position Status
Quality Wire Processing Inc. President Current
Danaher Corporation Executive Committee Chairman Current
Danaher Corporation Board Director Former

Organization Position Status
Danaher Corporation Board Chairman Current
DH Holding Corp. Chairman Current
Polaris Ventures Partners Managing General Partner Former
Danaher Corporation Board of Directors Former
Perseus LLC Vice Chairman Former

Organization Position Status
Danaher Corporation Board Director Current
Stephenson, Inc. President Former

Organization Position Status
Polaris Ventures Partners Managing General Partner Current
Legalzoom.Com, Inc. Managing General Partner Current
The HealthCentral Network Managing General Partner In the Boston Office Current
Getty Images, Inc. Member and Chairman of Committee Current
Lrn Corporation Director Current
Legalzoom.Com, Inc. Board of Directors Current
Danaher Corporation Board Member Current
The Regents Board of Directors Current
Silicon Optix, Inc. Director Current
Potomac Knowledgeway Project, Inc Board of Directors Current
Cushcraft Corporation Director Current
Art.com Director Current
The HealthCentral Network Director Current
Allposters.Com, Inc. Director Current
TechTarget, Inc. Board of Directors Current
AWS Convergence Technologies, Inc. Director Current
IAC Board Member Current
Council on Foreign Relations Member Current
Newsweek, Inc. President Former
The Washington Post Company President Former
The Washington Post Company Chief Operating Officer Former
Newsweek, Inc. Chief Financial Officer Former
Polaris, Inc. Managing Partner Former
Polaris Ventures Partners Advisor Former
The Boston Consulting Group, Inc. officer Former
The Post Company Former
International Data Group Board Member Former
The Washington Post Company Board Member Former
Washington Educational Telecommunications Association Board Member Former
Human Genome Sciences, Inc. Board Member Former
Getty Images, Inc. Board of Directors Former
Newsweek, Inc. Board Member Former
American Management Systems, Inc. Board Member Former
Polaris Ventures Partners Investor Former
Cars.com Investor Former
Cellular One Investor Former
BrassRing LLC Investor Former
Webtv Investor Former
Cushcraft Corporation Investor Former
The Washington Post Company Investor Former
Harvard Law School J.D Former
MIT Sloan School of Management M.S Former
Massachusetts Institute of Technology B.S Former

Organization Position Status
Schwab Corporation Chief Executive Officer Current
Danaher Corporation Board Director Current

As Executive Vice President and General Manager of the home business unit for Walmart U.S., Linda is responsible for overall strategy, merchandising assortment, brand management, product development and sourcing for home categories including small appliances, domestics, furniture and housewares. Linda joined Wal-Mart in May 2007. Previously, Linda was Executive Vice President of global strategy and business development at Kraft Foods. In that capacity, she was responsible for the development of Kraft’s corporate business strategy including merger and acquisition activities around the world. Prior to Kraft, Linda held a variety of positions at Sara Lee Corporation, including group and division CEO roles of several apparel businesses. Linda grew revenues for these businesses, through increased product innovation and consumer marketing, and drove simultaneous cost reduction in manufacturing, global sourcing, and logistics. Her responsibilities over her fourteen years at Sara Lee included marketing, strategy, and general management roles in both US and international geographies. Linda also has five years’ experience in management consulting with Ernst & Young. Linda earned a BS and MS from the University of North Texas and a MBA from Harvard Business School.

Organization Position Status
Wal-Mart Stores, Inc. Executive Vice President & General Manager, Home Business Unit Current
Danaher Corporation Board of Directors Current
Kraft Foods Inc. Executive Vice President, Business Development Former
Ernst & Young Management Consultant Former
Harvard Business School MBA Former
The University of North Texas B.S. & M.S. Former

Organization Position Status
Caplin & Drysdale Founder Current
Danaher Corporation Board Director Current
Presidential Realty Corporation Board of Directors Current
Caplin & Drysdale Member Current
Caplin & Drysdale Lawyer Former
United States Tax Court Former
U.S. Treasury Department Former
University of Virginia B.S. and LL Former

Organization Position Status
Hogan & Hartson LLP Partner Current
Danaher Corporation Board Director Current

Executive News

  • Danaher accelerates restructuring plans; will close 30 facilities

    Industrial Distribution - 9/03/09 - View Story

  • Danaher Buying MDS Inc. (MDZ) (JOBS) Unit for $1.1 Billion; Will Cut 3,300 Jobs and Close 30 Facilities 9/2/2009

    BioSpace - 9/03/09 - View Story

  • Danaher Accelerates Restructuring, Buys 2 Firms

    Washington Post - 9/03/09 - View Story

  • D.C.'s Danaher Accelerates Cuts, Buys 2 Firms

    Washington Post - 9/02/09 - View Story

  • MDS to sell off most remaining business units, focus on medical isotopes

    570News - 9/02/09 - View Story

  • MDS to sell off most remaining business units, focus on medical isotopes

    Canoe Money - 9/02/09 - View Story

  • UPDATE 4-Danaher expands in life sciences, to cut more jobs

    Reuters - 9/02/09 - View Story

  • Danaher buying MDS, Life Technologies unit

    San Jose Mercury News - 9/02/09 - View Story

  • Danaher expands in life sciences, cuts more jobs

    Reuters via Yahoo! - 9/02/09 - View Story

  • Danaher buying MDS unit for $1.1 billion

    Lake Wylie Pilot - 9/02/09 - View Story

  • UPDATE 1-Danaher speeds up restructuring, to cut more jobs

    Reuters - 9/02/09 - View Story

  • Danaher buying MDS unit for $1.1 billion

    Boston Globe - 9/02/09 - View Story

  • Danaher Steps Up Downsizing, Announces $1.1 Billion Acquisition

    CNN Money - 9/02/09 - View Story

  • Danaher to Acquire Life Sciences Instrumentation Businesses From MDS Inc. and Life...

    Reuters - 9/02/09 - View Story

  • Danaher Announces Increase to 2009 Anticipated Restructuring Activities

    PR Newswire - 9/02/09 - View Story

  • Danaher to Acquire Life Sciences Instrumentation Businesses From MDS Inc. and Life Technologies Corporation

    Stockwatch - 9/02/09 - View Story

  • Danaher to Acquire MDS Unit

    The Wall Street Journal Interactive Edition - 9/02/09 - View Story

  • Danaher to Present at Morgan Stanley Global Industrials Conference

    PR Newswire via Yahoo! - 8/26/09 - View Story

  • Danaher to Present at Morgan Stanley Global Industrials Conference

    PR Newswire - 8/26/09 - View Story

  • Lockheed Martin CEO tops highest paid list

    Washington Business Journal - 8/20/09 - View Story

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     DHR $72.43 +0.95 (1.33% )
Average Volume 2,156,880
Shares Outstanding 321.23M
Market Cap 23.3B
Year High 73.81
Year Low 47.2
Earnings Per Share 3.58
P/E Ratio 20.23
Dividend 0.12
Yield 0.17
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