Mr McAree previously served as vice president of finance at Caliper. Mr McAree is a certified public accountant and holds a Bachelor of Science degree in accounting from Bentley College.
The company has announced that Thomas Higgins will step down from the position of CFO, effective April 4, 2008. It also announced that Joseph Griffith IV, Caliper’s corporate controller, has been promoted and is assuming the role of vice president of finance.
Kevin Hrusovsky, president and CEO of Caliper, said: “We are fortunate to have a person of Peter’s capability and experience within Caliper and we are confident that his promotion to CFO will strengthen and streamline our financial organization and enable strong continuity with our investors and value creation activities.”