Honoree Year: 2015
University of Deleware
Lerner College of Business and Economics
Area of Impact:
Healthcare or Wellness
Thomas H. (Tom) Pike is the CEO of Quintiles and a member of its board of directors. Quintiles is the world’s largest biopharmaceutical services company. A former manager at Accenture—a global management consulting, technology services, and outsourcing company, Pike was tapped by Quintiles in 2012 amid rumors that he was being hired to prep the company to go public for the second time following its move to private status upon acquiring Pharma Services Holdings Inc. in 2003.
Quintiles indeed went public in 2012 and has been gaining market share since. Pike’s job was to expand the revenue and profit margins of Quintiles, and he brought to the company his reputation as a “financial wizard,” a standing that makes him a frequent guest on television finance shows like CNBC’s
Mad Money, Fox Business Network and Bloomberg Television. Pike spent 22 years at Accenture, serving in a variety of leadership roles, including chief strategy officer and chief risk officer.
But Pike is more than a successful alumnus when it comes to the University of Delaware’s School of Business and Economics. The Pike "Helping Hand" Scholarship was established in 2013 by Tom and his wife, Joanne. Tom received a helping hand to pay his tuition when he was an undergraduate in the Lerner College, and he sees this scholarship, which supports accounting majors, as an opportunity to pay it forward. He also is an avid supporter of Lerner’s students in terms of knowledge transfer, providing opportunities for students to network with him and others in his organization. He recently was a feature presenter in the “Business Roundtable” series, which gives students a glimpse into the finance and investment industries from the insider’s perspective.
Pike’s impact as CEO is evidenced by a number of impressive outcomes. He has positioned Quintiles for growth, achieving the company’s goals by delivering an additional 383 million USD of constant currency service revenue last year, representing a growth of 10.1 percent, net new business growth of 14.4 percent, and a diluted adjusted earnings per share growth of 31.1 percent. The company, led by Pike, is considered by industry analysts to be well positioned for the long term with its industry-leading backlog. General corporate and unallocated expenses were down by 0.8 million last year over the year before. In February, Quintiles was named to Fortune magazine’s “World’s Most Admired Companies” list for 2015.