Thursday, August 16, 2012

Running A Multi-billion Dollar Company

Some individuals work for so long and don’t make it to the top. We are not saying that they are failures. Just having a job means you’re not a failure already. There are just those special breed of individuals who make it to the top and stay there performing their jobs well.

This is the case with H. Laurence Culp, Jr. the president and CEO of Danaher Corporation. He graduated with a B.A. from Washington College in 1985 and later earned his MBA at Harvard Business School. Culp first worked at Accenture which was previously known as Andersen Consulting.

Then he joined Danaher Corporation in 1990 through Veeder-Root a Danaher subsidiary.  Three years later he became the president of this subsidiary.  Culp was then promoted as a group executive and corporate officer in 1995. His responsibilities included heading the corporation’s Environmental and Testing Measurement businesses.

It was all uphill after that. In 1999 Culp was promoted as executive vice president and the following year he became the COO. Then the following year again in 2001 he was appointed president and CEO of Danaher and holds these positions till now.

Danaher is a Fortune 200 publicly listed company that designs, manufactures and markets products and services to professional , medical, and commercial customers. It does business in 125 countries and had revenues of $16.1 billion 2011.

Culp has held his position for over 10 years now. Under his watch the company’s revenue and market capitalization increased four times to more than $16 billion and $35 billion respectively.  With this kind of performance it looks like he’ll be at the top post for some time to come.

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