QuidelOrtho Announces Separation of Chairman and Chief Executive Officer Roles

QuidelOrtho Corporation (Nasdaq: QDEL) (“QuidelOrtho” or the “Company”), a global provider of innovative in vitro diagnostic (IVD) technologies designed for point-of-care settings, clinical labs and transfusion medicine, announced today that its Board of Directors (the “Board”) has appointed Dr. Kenneth F. Buechler, Lead Independent Director, to non-executive Chairman, effective December 11, 2022. The separation of the Chairman and Chief Executive Officer roles is a key step toward strengthening the Company’s governance practices and will facilitate the right balance between strong and consistent Company leadership and independent oversight by the Board. The Board also appointed Douglas Bryant to serve as President, in addition to Mr. Bryant’s current role as Chief Executive Officer and a member of the Board.

“On behalf of the Board, I want to thank Doug for his leadership as both Chairman and Chief Executive Officer and the strong execution of the transformational combination of Quidel Corporation and Ortho Clinical Diagnostics,” said Dr. Buechler, Chairman of the Board. “Doug has exceeded our expectations in integrating the Company while helping the commercial team maintain its near-term execution goals. As we look to the future, the Company has a significant opportunity to solidify its position as a leader in the IVD market and play a key role in meaningfully improving the global trajectory of human health.”

“I have had the pleasure of working closely with Ken for many years and I am pleased that I will continue to benefit from his guidance and insights moving forward. He brings strategic oversight combined with a wealth of leadership and scientific industry expertise to our Board,” said Mr. Bryant, President and Chief Executive Officer of QuidelOrtho. “With QuidelOrtho at the forefront of developing disease-specific biomarkers and tests, expanding centralized and point-of-care testing, changing the technological landscape with automation, and delivering strong performance across all business units, this is the right time for steadfast focus on executing on our strategic priorities and transforming the power of diagnostics into a healthier future for all.”