Fortrea has appointed Robert "Bobby" Parks as its chief accounting officer (CAO), effective from August. Parks, who brings three decades of experience to the role, will be responsible for Fortrea's accounting function, financial reporting, risk, controls, and compliance in accordance with applicable standards, laws, and regulations.
Previously, Parks served as the chief accounting officer at SailPoint Technologies Holdings, a leader in identity security software. He also held the position of senior vice president and corporate controller at Quintiles, now IQVIA, and served as the CAO at Syneos, a leading biopharmaceutical solutions organization.
Parks' appointment comes as Amanda Warren, the current CAO, is set to serve as an advisor to the CFO from August through November.
Fortrea (Nasdaq: FTRE) is a leading global provider of clinical development solutions to the life sciences industry, offering phase I-IV clinical trial management, clinical pharmacology, and consulting services. The company's solutions leverage three decades of experience spanning more than 20 therapeutic areas, a passion for scientific rigor, exceptional insights, and a strong investigator site network.
As a publicly traded company, Fortrea's latest financials will be released soon. It will be interesting to see how the appointment of Robert Parks as the new CAO will impact the company's financial reporting and controls, especially in comparison to the previous period. As a result of these announcements, the company's shares have moved 4.9% on the market, and are now trading at a price of $24.64. For the full picture, make sure to review Fortrea's 8-K report.
