Adam Elinoff, Agilent Technologies CFO
Courtesy of Agilent Technologies
Name: Adam Elinoff
New title: CFO, Agilent Technologies
Previous title: Vice president of finance and treasurer, Amgen
Agilent Technologies has hired Adam Elinoff to fill the CFO vacancy that opened in late July. Elinoff will take over the position on Nov. 17.
The appointment, which Agilent disclosed Monday, puts an executive who spent 19 years at biopharma company Amgen in charge of finance at the analytical and clinical laboratory business. Elinoff held a range of finance, strategy and transformation roles in his time at Amgen, where he was involved in work including scaling global capabilities.
Agilent CEO Padraig McDonnell said the company’s Ignite transformation program will benefit from Elinoff’s “expertise in strategic planning and M&A and his commitment to cross-functional collaboration.” The company also made several references to the new CFO’s prior involvement in business transformations in its press release to disclose the appointment.
Ignite is a three-year program. In the first phase of the program, Agilent found $80 million in savings by removing layers from the organization and moved from 21 product lines to six groupings, McDonnell said at a Bank of America event in September. The company is now expanding Ignite, including by involving recently appointed Chief Technology Officer August Specht in its innovation efforts.
Elinoff’s appointment fills a position that became available when Bob McMahon stepped down as CFO on July 31. California-based Agilent said McMahon resigned to relocate to the East Coast for family reasons while preparing for the next chapter of his career. Pennsylvania-based West Pharmaceutical Services appointed McMahon as CFO shortly after the executive left Agilent.
