Douglas Prince has been named executive vice president finance and chief financial officer, MDS, Inc., effective March 12th. He replaces Jim Garner, who will leave the company at the end of April.

Mr. Prince has more than 28 years' experience in finance and operations management. He joins the company from PerkinElmer, where he most recently launched the Enterprise Risk Management Initiative and led internal audit. Previously, he served as vice president and chief financial officer of the life and analytical sciences global business that operates in 40 countries with more than $1 billion in revenue.

Mr. Prince has served in finance leadership and management roles with General Electric. During his 17 years with GE, he led strategic turnarounds, acquisitions, integration activities and major productivity initiatives. He was also director of finance with AlliedSignal, where his leadership in integration projects served to boost productivity and increase sales. During this period, he earned a LeanSigma black belt for his re-engineering of the sales, inventory and production process.

"I am very pleased to have Doug Prince join our executive team with his wealth of financial and operational expertise," said Stephen P. DeFalco, president and chief executive officer, MDS Inc.

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