Joyce has served as Danaher's president and CEO since 2014 and joined the company in 1989. Blair has led Danaher's life sciences segment, growing annual revenues from $2.4 billion in 2015 to about $10 billion this year. Blair joined Danaher in 2010.

In other news, Danaher reported financial results for the first quarter of 2020 (end-April 3). The company posted revenues of $4.343 billion, up 3% from sales of $4.220 billion in the first quarter of 2019. The company posted net income of $595.1 million, compared with earnings of $333.8 million the same period the year before.