Parexel CFO resigns; may be heading to Germany-based firm

By Gareth Macdonald

- Last updated on GMT

iStock/Glynn Burrows
iStock/Glynn Burrows

Related tags Contract research organisation U.s. securities and exchange commission Chief financial officer

Parexel has confirmed that CFO Ingo Bank has resigned a little over three years after joining the US contract research organisation (CFO).

The US contract research organisation announced Bank’s resignation in a Securities and Exchange Commission (SEC) on July 15 explaining that he is leaving “in order to take a senior leadership role in another company​.”

A spokeswoman told us “I can confirm that Ingo Bank, Senior Vice President and Chief Financial Officer CFO, has left Parexel. Since joining PAREXEL three years ago, Mr. Bank has provided leadership across various areas of our organization. We congratulate and wish Ingo success​.”

She declined to provide any details of the company Bank will join, but did add "My understanding is that Ingo is returning to his native Germany​."


Emma Reeve, Parexel Corporate Vice President and Controller, has been appointed as interim CFO while the firm searches for a full time replacement.

William Blair analyst, John Kreger, questioned the timing of Bank’s departure – which is after the end of Parexel’s financial year but before it publishes its financial results – but said subsequent comments by management had provided reassurance.

Mr. Bank’s departure reportedly does not relate to any issues or disagreement around the year-end close, the audit, or strategy. Moreover, the company reiterated the guidance provided recently at the investor day in late June​. “

Related news

Show more

Related products

show more

The Right CDMO Can Unlock Faster Drug Development

The Right CDMO Can Unlock Faster Drug Development

Content provided by Lonza Small Molecules | 15-May-2023 | Interview

Drug development presents biotech companies with ever-changing challenges. Enabling a faster end-to-end process requires seamless flexibility and extensive...

SDTM supplemental qualifiers explained

SDTM supplemental qualifiers explained

Content provided by Formedix | 12-May-2023 | White Paper

What are SDTM supplemental qualifiers? In short, these are variables in non-CDISC datasets that cannot be mapped to a variable that matches the SDTM standard....

Plan for success with process liquid and buffer preparation

Plan for success with process liquid and buffer preparation

Content provided by Thermo Fisher Scientific - Process Liquid Preparation Services | 25-Apr-2023 | White Paper

Setting the groundwork for successful scale-up is essential for getting a therapeutic to market quickly and efficiently, but navigating the unknowns associated...

Related suppliers

Follow us


View more