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Varian Medical Systems' CEO Timothy E. Guertin Announces Plans to Retire; Board of Directors Names Dow R. Wilson as Successor
Date:8/13/2012

PALO ALTO, Calif., Aug. 13, 2012 /PRNewswire/ -- Varian Medical Systems (NYSE: VAR) today announced that Timothy E. Guertin has declared his intention to retire as the company's President and CEO at the end of the company's current fiscal year on September 28, 2012.  Varian's Board of Directors has elected Dow R. Wilson, 53, the company's current Executive Vice President and Chief Operating Officer, to become Varian's President and CEO upon Guertin's retirement.  The board also appointed Guertin, 62, as its vice chairman and appointed Wilson to the board, both effective as of September 29, 2012.  Guertin will continue as a non-executive employee of the company until his retirement in February 2013.

"Varian has given me the unique opportunity to build a global business around the mission of saving lives, and, after more than 35 years here, I'm ready to transition to retirement while remaining active on the board," said Guertin.  "Our company has grown net orders, revenues and earnings by more than 100 percent over the last seven years while weathering some of the toughest economic conditions in modern times.  More importantly, we have successfully developed significant new technology and products in radiation oncology and X-ray imaging that will help to save the lives of millions of people around the world.  We have expanded into new areas and built a strong team that is well positioned to continue growing under the capable leadership of Dow Wilson."      

"Tim Guertin has been an exceptional visionary and inspiring spokesperson for Varian," said Richard M. Levy, Chairman of the Board of Directors for Varian Medical Systems.  "The board is confident that Dow Wilson can lead further execution and enhancement of that vision on behalf of our customers, investors, and patients around the world.  Dow is a
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SOURCE Varian Medical Systems, Inc.
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