Fortrea appoints new CFO, shares dip by 0.34%

By Hao Liu • Sunday, June 28 16:00 • Permanent Link

Fortrea named Jason Knoblauch as chief financial officer, effective July 6, replacing Jill McConnell.

Knoblauch joins from Clario, where he also served as CFO. Before that, he was CFO at Curia and earlier held financial leadership roles at PPD, including interim CFO. He also worked in PwC’s transaction services practice.

The company said McConnell is stepping down after helping build Fortrea into an independent global CRO and will assist with the transition.

Fortrea also reiterated full-year 2026 guidance, keeping revenue at $2.55 billion to $2.65 billion and adjusted EBITDA at $190 million to $220 million. Following these announcements, the company's shares moved -0.34%, and are now trading at a price of $17.65. For the full picture, make sure to review Fortrea's 8-K report.

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