Fortrea Appoints Jason Knoblauch as CFO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2026
0mins
Fortrea announced that Jason Knoblauch has been appointed as chief financial officer, effective July 6. He will succeed Jill McConnell, who is stepping down. Knoblauch joins Fortrea from Clario, a provider of endpoint data solutions to the clinical trials industry, where he served as CFO.
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Analyst Views on FTRE
Wall Street analysts forecast FTRE stock price to fall
8 Analyst Rating
3 Buy
4 Hold
1 Sell
Hold
Current: 17.850
Low
7.00
Averages
15.33
High
25.00
Current: 17.850
Low
7.00
Averages
15.33
High
25.00
About FTRE
Fortrea Holdings Inc. is a global contract research organization (CRO), which provides clinical development solutions to the life sciences industry. The Company is engaged in providing biopharmaceutical product and medical device development services to pharmaceutical, biotechnology and medical device customers. The Company offers customers flexible delivery models that include full service, functional service provider, and hybrid service structures. It provides phase I-IV clinical trial management, clinical pharmacology and consulting services. The Company manages its business through a single segment, Clinical Services, that provides services across the clinical pharmacology and clinical development spectrum. The Company has access to all key markets worldwide through a footprint of primary office locations in five countries (the United States, the United Kingdom, China, India and Singapore) with field operations in other jurisdictions worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Fortrea Appoints New CFO Jason Knoblauch Effective July 2026
- Executive Change: Fortrea has appointed Jason Knoblauch as CFO, effective July 6, 2026, transitioning from his previous role at Clario, which is expected to bring a fresh financial strategy to the company following Jill McConnell's departure.
- Guidance Reaffirmation: The company reiterated its 2026 financial guidance, targeting revenues between $2.55 billion and $2.65 billion, with adjusted EBITDA projected between $190 million and $220 million, reflecting confidence in its future performance.
- Earnings Beat: Fortrea reported a non-GAAP EPS of $0.16, exceeding expectations by $0.11, and revenue of $636.5 million, surpassing market forecasts by $10.56 million, indicating strong competitive positioning and profitability.
- Positive Market Reaction: The appointment of the new CFO and reaffirmation of financial guidance have led to optimistic market sentiment towards Fortrea's future performance, potentially boosting investor confidence and driving stock price appreciation.
See More
Fortrea Holdings Appoints New CFO Jason Knoblauch
- Executive Appointment: Fortrea Holdings announced that Jason Knoblauch will become CFO on July 6, 2026, succeeding Jill McConnell, ensuring a smooth transition in financial management and enhancing investor confidence.
- Extensive Experience: Prior to joining Fortrea, Knoblauch served as CFO at Clario, bringing valuable financial management experience from the clinical trials industry, and previously held the CFO position at Curia, which adds depth to his industry insights.
- IPO Background: Knoblauch's experience includes financial leadership roles at Pharmaceutical Product Development (PPD), where he was part of the team that successfully led the company to an IPO in 2020, showcasing his capability in driving company growth and capital market operations.
- Financial Outlook: Fortrea reiterates its guidance for 2026, targeting revenues between $2.55 billion and $2.65 billion, with adjusted EBITDA expected to range from $190 million to $220 million, indicating the company's confidence in future growth.
See More
Fortrea Appoints New Chief Financial Officer
- Executive Transition: Fortrea announced the appointment of Jason Knoblauch as Chief Financial Officer effective July 6, 2026, succeeding Jill McConnell, who played a pivotal role in establishing the company as a leading independent CRO, highlighting the importance of strong leadership during this transition.
- Leadership Experience: Knoblauch brings extensive industry experience from his role as CFO at Clario and previous positions at Curia and PPD, where he was instrumental in leading PPD to a successful IPO, suggesting his potential to drive strategic growth at Fortrea.
- Financial Guidance Reaffirmed: Fortrea reiterated its 2026 financial guidance, targeting revenues between $2.55 billion and $2.65 billion, with adjusted EBITDA projected between $190 million and $220 million, reflecting the company's confidence in its future performance.
- Industry Positioning: As a leading global provider of clinical development solutions, Fortrea partners with biopharmaceutical and medical device companies to drive healthcare innovation, and Knoblauch's addition is expected to enhance the company's competitive edge and client service capabilities.
See More
Significant Stock Movements for Multiple Companies
- Fortrea Stock Surge: Clinical research firm Fortrea Holdings saw a 4.6% increase in stock price on Wednesday after Barclays raised its price target from $16 to $18 while maintaining an Equal Weight rating, thereby boosting market confidence in its future performance.
- Kura Sushi Partnership: Sushi chain Kura Sushi's stock rose by 5.7% on Wednesday following the announcement of a partnership with global interactive entertainment brand HoYoverse, a move expected to enhance brand visibility and attract more customers.
- Energizer Shareholder Confidence: Energizer, a battery and lighting company, experienced a 5.1% stock increase on Wednesday after major shareholder Aqua Capital, Ltd. disclosed a significant stock purchase, signaling confidence in the battery maker's future growth.
- Bath and Body Works Expansion: Personal care and home fragrance retailer Bath & Body Works saw a 3.5% rise in stock price on Wednesday after announcing a partnership with Ulta Beauty to sell its products in Ulta stores, which is expected to expand market reach and boost sales.
See More
Fortrea CEO to Participate in Healthcare Conference
- Executive Participation: Fortrea's CEO Anshul Thakral, CFO Jill McConnell, and SVP of Investor Relations Tracy Krumme will participate in the Jefferies Global Healthcare Conference on June 4, 2026, highlighting the company's leadership in the life sciences sector.
- Conference Format and Timing: The event will take place in a fireside chat format at 8:45 AM EDT, expected to attract significant investor interest in Fortrea's latest developments and strategic direction.
- Investor Interaction Opportunities: Fortrea encourages investors to engage in one-on-one or group meetings through Jefferies representatives, aiming to discuss the company's business model and market outlook, thereby enhancing investor confidence and promoting capital inflow.
- Company Background Overview: As a leading global contract research organization, Fortrea boasts over 30 years of experience in clinical development solutions across more than 20 therapeutic areas, dedicated to accelerating the development of innovative therapies to improve patient outcomes.
See More
SciSparc Receives Approval to Acquire Stake in Israeli Tech Firm
- Acquisition Approval: SciSparc Ltd. (SPRC) received regulatory approval from the TSX Venture Exchange for its subsidiary NeuroThera Labs to acquire approximately 54% of CliniQuantum, valued at about $9.46 million, which is expected to enhance its competitive edge in clinical trial data analysis.
- Stock Surge: SPRC's shares soared nearly 140% to close at $10.55 on Thursday, reflecting strong market enthusiasm for its acquisition plans, which may attract further investor interest in its future growth prospects.
- Ebola Testing Progress: Co-Diagnostics Inc. (CODX) saw its stock rally over 50% for the third consecutive day amid the Ebola outbreak, indicating the effectiveness of its PCR assay strategy, which is likely to bolster the company's influence in public health.
- Clinical Trial Initiation: MiNK Therapeutics (INKT) dosed its first patient in a randomized phase 2 trial for acute lung injury, leading to an 18% stock increase, and this advancement could provide crucial data support for its future treatment options, strengthening its market position.
See More
Fortrea Appoints New CFO Jason Knoblauch Effective July 2026
- Executive Change: Fortrea has appointed Jason Knoblauch as CFO, effective July 6, 2026, transitioning from his previous role at Clario, which is expected to bring a fresh financial strategy to the company following Jill McConnell's departure.
- Guidance Reaffirmation: The company reiterated its 2026 financial guidance, targeting revenues between $2.55 billion and $2.65 billion, with adjusted EBITDA projected between $190 million and $220 million, reflecting confidence in its future performance.
- Earnings Beat: Fortrea reported a non-GAAP EPS of $0.16, exceeding expectations by $0.11, and revenue of $636.5 million, surpassing market forecasts by $10.56 million, indicating strong competitive positioning and profitability.
- Positive Market Reaction: The appointment of the new CFO and reaffirmation of financial guidance have led to optimistic market sentiment towards Fortrea's future performance, potentially boosting investor confidence and driving stock price appreciation.
See More
Fortrea Holdings Appoints New CFO Jason Knoblauch
- Executive Appointment: Fortrea Holdings announced that Jason Knoblauch will become CFO on July 6, 2026, succeeding Jill McConnell, ensuring a smooth transition in financial management and enhancing investor confidence.
- Extensive Experience: Prior to joining Fortrea, Knoblauch served as CFO at Clario, bringing valuable financial management experience from the clinical trials industry, and previously held the CFO position at Curia, which adds depth to his industry insights.
- IPO Background: Knoblauch's experience includes financial leadership roles at Pharmaceutical Product Development (PPD), where he was part of the team that successfully led the company to an IPO in 2020, showcasing his capability in driving company growth and capital market operations.
- Financial Outlook: Fortrea reiterates its guidance for 2026, targeting revenues between $2.55 billion and $2.65 billion, with adjusted EBITDA expected to range from $190 million to $220 million, indicating the company's confidence in future growth.
See More
Fortrea Appoints New Chief Financial Officer
- Executive Transition: Fortrea announced the appointment of Jason Knoblauch as Chief Financial Officer effective July 6, 2026, succeeding Jill McConnell, who played a pivotal role in establishing the company as a leading independent CRO, highlighting the importance of strong leadership during this transition.
- Leadership Experience: Knoblauch brings extensive industry experience from his role as CFO at Clario and previous positions at Curia and PPD, where he was instrumental in leading PPD to a successful IPO, suggesting his potential to drive strategic growth at Fortrea.
- Financial Guidance Reaffirmed: Fortrea reiterated its 2026 financial guidance, targeting revenues between $2.55 billion and $2.65 billion, with adjusted EBITDA projected between $190 million and $220 million, reflecting the company's confidence in its future performance.
- Industry Positioning: As a leading global provider of clinical development solutions, Fortrea partners with biopharmaceutical and medical device companies to drive healthcare innovation, and Knoblauch's addition is expected to enhance the company's competitive edge and client service capabilities.
See More
Significant Stock Movements for Multiple Companies
- Fortrea Stock Surge: Clinical research firm Fortrea Holdings saw a 4.6% increase in stock price on Wednesday after Barclays raised its price target from $16 to $18 while maintaining an Equal Weight rating, thereby boosting market confidence in its future performance.
- Kura Sushi Partnership: Sushi chain Kura Sushi's stock rose by 5.7% on Wednesday following the announcement of a partnership with global interactive entertainment brand HoYoverse, a move expected to enhance brand visibility and attract more customers.
- Energizer Shareholder Confidence: Energizer, a battery and lighting company, experienced a 5.1% stock increase on Wednesday after major shareholder Aqua Capital, Ltd. disclosed a significant stock purchase, signaling confidence in the battery maker's future growth.
- Bath and Body Works Expansion: Personal care and home fragrance retailer Bath & Body Works saw a 3.5% rise in stock price on Wednesday after announcing a partnership with Ulta Beauty to sell its products in Ulta stores, which is expected to expand market reach and boost sales.
See More
Fortrea CEO to Participate in Healthcare Conference
- Executive Participation: Fortrea's CEO Anshul Thakral, CFO Jill McConnell, and SVP of Investor Relations Tracy Krumme will participate in the Jefferies Global Healthcare Conference on June 4, 2026, highlighting the company's leadership in the life sciences sector.
- Conference Format and Timing: The event will take place in a fireside chat format at 8:45 AM EDT, expected to attract significant investor interest in Fortrea's latest developments and strategic direction.
- Investor Interaction Opportunities: Fortrea encourages investors to engage in one-on-one or group meetings through Jefferies representatives, aiming to discuss the company's business model and market outlook, thereby enhancing investor confidence and promoting capital inflow.
- Company Background Overview: As a leading global contract research organization, Fortrea boasts over 30 years of experience in clinical development solutions across more than 20 therapeutic areas, dedicated to accelerating the development of innovative therapies to improve patient outcomes.
See More
SciSparc Receives Approval to Acquire Stake in Israeli Tech Firm
- Acquisition Approval: SciSparc Ltd. (SPRC) received regulatory approval from the TSX Venture Exchange for its subsidiary NeuroThera Labs to acquire approximately 54% of CliniQuantum, valued at about $9.46 million, which is expected to enhance its competitive edge in clinical trial data analysis.
- Stock Surge: SPRC's shares soared nearly 140% to close at $10.55 on Thursday, reflecting strong market enthusiasm for its acquisition plans, which may attract further investor interest in its future growth prospects.
- Ebola Testing Progress: Co-Diagnostics Inc. (CODX) saw its stock rally over 50% for the third consecutive day amid the Ebola outbreak, indicating the effectiveness of its PCR assay strategy, which is likely to bolster the company's influence in public health.
- Clinical Trial Initiation: MiNK Therapeutics (INKT) dosed its first patient in a randomized phase 2 trial for acute lung injury, leading to an 18% stock increase, and this advancement could provide crucial data support for its future treatment options, strengthening its market position.
See More
