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"Varian Medical Systems has more than doubled its net orders, revenues, and earnings in the last six years through excellent execution of a sound growth strategy," said Levy. "We have successfully developed and commercialized new technologies and products that have led to revolutionary advances in radiation oncology and X-ray imaging. We have extended our market leadership and added to our potential for growth in new markets. I have had the good fortune to direct the efforts of an accomplished management team that is well prepared to continue our growth under the leadership of Tim Guertin. He has worked with Varian for 30 years as a principal architect of our successful growth strategy.”

"Part of our work over the last several years involved the development of a succession plan for the company," Levy said. "With Tim Guertin, I am confident that Varian will be in very good hands."

Said Guertin: "Dick Levy has cultivated a company committed to growing a profitable business by commercializing true solutions for improving the quality and cost efficiency of medical care. His vision, leadership, and management model will help us to sustain Varian Medical Systems’ growth for years to come."

Guertin, who has been serving as president and chief operating officer since August, is responsible for the development, production, promotion, and sales of all Varian Medical Systems products and services throughout the world. He served as president of the oncology systems segment, which represents more than 80 percent of Varian's business, from 1990 until being named chief operating officer in January. Guertin holds a B.S. in electrical engineering and computer science from the University of California at Berkeley.