© 2023 254 North Front Street, Suite 300, Wilmington, NC 28401 | 910.343.1640
News Classical 91.3 Wilmington 92.7 Wilmington 96.7 Southport
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

PPD CEO Resigns

PPD’s new CEO Raymond Hill resigned Monday after only three months at his post and just a week after the company went private. 

PPD was sold to the Carlyle Group and Hellman and Friedman for $3.9 billion dollars.

Company Spokesperson Ned Glascock, who is a WHQR board member, says that PPD will begin its search for a new CEO in 2012. In the meantime, a four-person executive committee will run day-to-day operations, which officials say will not be affected by Hill’s resignation.

Next year, former CEO and founder Fred Eshelman will serve as a senior advisor. 

At its headquarters in Wilmington, PPD employs about 1,500 people. 


After growing up in Woodbridge, Virginia, Michelle attended Virginia Tech before moving to Wilmington to complete her Master in Fine Arts from the University of North Carolina in Wilmington. Her reporting and nonfiction writing have been featured on NPR’s All Things Considered, within the pages of Wrightsville Beach Magazine, and in literary journals like River Teeth and Ninth Letter. Before moving to Wilmington, Michelle served as the general manager for WUVT, a community radio station in Blacksburg, Virginia. She lives with her husband Scott and their pups, Katie, Cooper, and Mosey.