PAREXEL International Announces Plans For CFO Transition

BOSTON, Aug. 8, 2012 /PRNewswire/ -- PAREXEL International Corporation (Nasdaq: PRXL) announced today that James F. Winschel, Jr., Senior Vice President and Chief Financial Officer, will transition to the position of Executive Vice President at PAREXEL upon appointment of a new Chief Financial Officer.  A search for Mr. Winschel's successor is currently underway, and both internal and external candidates are being considered.  Mr. Winschel will continue to serve as Chief Financial Officer until his successor is appointed and will then help facilitate a smooth transition of financial leadership of the Company.  Mr. Winschel plans to retire in 2014.

 "Jim has made many significant contributions to PAREXEL during his twelve years with the Company, and has played an important role in helping the Company to become a leading global biopharmaceutical services organization," stated Mr. Josef von Rickenbach, Chairman and CEO of PAREXEL.  "I look forward to working with Jim in his new role, and I know that the Company will continue to benefit from his significant financial expertise and industry knowledge."

About the Company

PAREXEL International Corporation is a leading global bio/pharmaceutical services organization, providing a broad range of knowledge-based contract research, consulting, and medical communications services to the worldwide pharmaceutical, biotechnology and medical device industries. Committed to providing solutions that expedite time-to-market and peak-market penetration, PAREXEL has developed significant expertise across the development and commercialization continuum, from drug development and regulatory consulting to clinical pharmacology, clinical trials management, medical education and reimbursement. Perceptive Informatics, Inc., a subsidiary of PAREXEL, provides advanced technology solutions, including medical imaging, to facilitate the clinical development process. Headquartered near Boston, Massachusetts, PAREXEL operates in 70 locations throughout 51 countries around the world, and has approximately 12,695 employees. For more information about PAREXEL International visit www.PAREXEL.com.

PAREXEL is a registered trademark of PAREXEL International Corporation, and Perceptive Informatics is a trademark of Perceptive Informatics, Inc. All other names or marks may be registered trademarks or trademarks of PAREXEL International Corporation, Perceptive Informatics, Inc. or their respective owners and are hereby acknowledged.

SOURCE PAREXEL International Corporation

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