Thomas  Pike net worth and biography

Thomas Pike Biography and Net Worth

CEO & Chairman of Fortrea

Thomas Pike is Chairman and Chief Executive Officer of Fortrea (Nasdaq: FTRE). He has served in this position since Fortrea’s launch as an independent company in July 2023. Tom joined the organization as President and Chief Executive Officer in January 2023 during Fortrea’s spinoff from its parent company, Labcorp (NYSE: LH).

Tom has more than 30 years of leadership experience in global services industries, most notably in the contract research organization (CRO) industry, working with pharmaceutical, biotech, hospitals and sites on a global basis. Prior to joining Labcorp, he co-founded, advised and served as a director for several healthcare and technology services companies. Previously, Tom served as CEO and a member of the Board of Directors of Quintiles Transnational Holdings, Inc. (NYSE: Q), a leading fully integrated biopharmaceutical services company, from April 2012 until its merger with IMS Health in 2016 to create IQVIA (NYSE: IQV). He led Quintiles through its successful IPO, which was one of the year’s 10 largest U.S. offerings, and helped it grow into a Fortune 500 company. Under Tom’s stewardship, Quintiles was first recognized as a World’s Most Admired Company by Fortune in 2015 and was named a 2016 World’s Most Ethical Company. He retired in 2016 as Vice Chairman of the merged Quintiles and IMS.

Prior to Quintiles, Tom spent 22 years at Accenture (NYSE: ACN), a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations, until 2009. At Accenture, his roles included Chief Risk Officer and Managing Director of the North America Health and Products business areas. Previously, Tom was the global Chief Operating Officer for Accenture’s Resources operating group and had also served as Accenture’s Chief Strategy Officer. After leaving Accenture in 2009 and until joining Quintiles in 2012, he was involved with a number of start-ups in the technology and healthcare sectors. Early in his career, Tom was a consultant at McKinsey & Company.

Tom earned his bachelor's degree in accounting from the University of Delaware. He is a member of the Board of Directors for Martin Marietta Materials, Inc. (NYSE:MLM) having served since 2019.

What is Thomas Pike's net worth?

The estimated net worth of Thomas Pike is at least $1.11 million as of May 29th, 2024. Mr. Pike owns 57,827 shares of Fortrea stock worth more than $1,113,748 as of December 21st. This net worth approximation does not reflect any other investments that Mr. Pike may own. Additionally, Mr. Pike receives an annual salary of $2,190,000.00 as CEO & Chairman at Fortrea. Learn More about Thomas Pike's net worth.

How old is Thomas Pike?

Mr. Pike is currently 65 years old. There are 2 older executives and no younger executives at Fortrea. Learn More on Thomas Pike's age.

What is Thomas Pike's salary?

As the CEO & Chairman of Fortrea Holdings Inc., Mr. Pike earns $2,190,000.00 per year. Learn More on Thomas Pike's salary.

How do I contact Thomas Pike?

The corporate mailing address for Mr. Pike and other Fortrea executives is 8 Moore Drive, Durham, NC 27709, United States, . Fortrea can also be reached via phone at 877-495-0816 and via email at [email protected]. Learn More on Thomas Pike's contact information.

Has Thomas Pike been buying or selling shares of Fortrea?

Thomas Pike has not been actively trading shares of Fortrea in the last ninety days. Most recently, on Wednesday, May 29th, Thomas Pike bought 10,000 shares of Fortrea stock. The stock was acquired at an average cost of $24.81 per share, with a total value of $248,100.00. Following the completion of the transaction, the chief executive officer now directly owns 57,827 shares of the company's stock, valued at $1,434,687.87. Learn More on Thomas Pike's trading history.

Who are Fortrea's active insiders?

Fortrea's insider roster includes Peter Neupert (Director), and Thomas Pike (CEO & Chairman). Learn More on Fortrea's active insiders.

Are insiders buying or selling shares of Fortrea?

In the last twelve months, Fortrea insiders bought shares 2 times. They purchased a total of 12,000 shares worth more than $298,700.00. The most recent insider tranaction occured on June, 12th when General Counsel James S Hanson bought 2,000 shares worth more than $50,600.00. Insiders at Fortrea own 0.1% of the company. Learn More about insider trades at Fortrea.

Information on this page was last updated on 6/12/2024.

Thomas Pike Insider Trading History at Fortrea

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
5/29/2024Buy10,000$24.81$248,100.0057,827View SEC Filing Icon  
8/23/2023Buy20,000$25.23$504,600.0020,000View SEC Filing Icon  
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Thomas Pike Buying and Selling Activity at Fortrea

This chart shows Thomas Pike's buying and selling at Fortrea by year and by quarter.

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Fortrea Company Overview

Fortrea Holdings Inc., a contract research organization, primarily engages in the provision of biopharmaceutical product and medical device development services worldwide. The company operates through two segments: Clinical Services and Enabling Services. The Clinical Services segment provides across the clinical pharmacology and clinical development spectrum. The Enabling Services segment provides patient access and clinical trial technology solutions to customers that streamline complex randomization and optimize the trial drug supply process. The company offers delivery models that include full service, functional service provider, and hybrid service structures. It also offers phase I-IV clinical trial management, differentiated technology enabled trial solutions, and post approval services, as well as consulting services. The company serves pharmaceutical, biotechnology, and medical device organizations. Fortrea Holdings Inc. was incorporated in 2023 and is headquartered in Durham, North Carolina.
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Today's Range

Now: $19.26
Low: $18.35
High: $19.53

50 Day Range

MA: $19.70
Low: $16.82
High: $23.73

2 Week Range

Now: $19.26
Low: $16.53
High: $41.02

Volume

2,653,824 shs

Average Volume

1,292,983 shs

Market Capitalization

$1.73 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.16