US-based company that provides laboratory equipment for drug development, cell and gene therapy research and academic research Caron Products and Services, Inc. announced on Wednesday that it has named Joanna Moncivaiz as its new president and CEO.

Moncivaiz is to replace Jay Hexamer, who has announced his retirement. Hexamer is to continue to serve the firm in a senior advisory role.

Moncivaiz has earlier served as CFO and VP of Finance at Filtec and VP of Finance at TASI Group. She has more than 20 years of experience building profitable global platforms in the test, measurement, and instrumentation sectors by implementing business systems, reducing complexity in workflows, and focusing on quality.