David Broecker to Step Aside as IBRI CEO

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David Broecker (left) will be succeeded as CEO by Rainer Fischer (pictured right) in October. David Broecker (left) will be succeeded as CEO by Rainer Fischer (pictured right) in October.
INDIANAPOLIS -

The Indiana Biosciences Research Institute in Indianapolis has named its next chief executive officer. Rainer Fischer will continue to serve as chief scientific and innovation officer and succeed David Broecker as CEO October 1. Broecker, the IBRI's founding CEO, will stay on as an advisor to the institute. Fischer came to the IBRI last year and in a Perspectives piece for Inside INdiana Business last October, Broecker praised Fischer as a "superstar scientist."

In an interview with Inside INdiana Business when he was hired, Fischer said the IBRI demonstrated it is open to working "across borders" in various fields including pharmaceuticals, agriculture, medtech and information technology.

Fischer came to the IBRI from the Fraunhofer Institute for Molecular Biology and Applied Ecology in Germany. He helped expand employment at the institute from 40 to 680 and led a team that raised nearly one billion Euro in outside research funding. His experience also includes co-founding five startups in the biotech space. Fischer has published over 500 scientific papers, holds 40 patents and has 64 patents pending.

During Broecker's time at the IBRI, more than $120 million in funding has been raised and partnerships with the likes of Dow AgroSciences, Eli Lily and Co., Roche Diagnostics and the Indiana Clinical and Translational Science Institute have been secured. He says "the IBRI has been an amazing journey for me and I have been able to accomplish all the early goals I set out to achieve with the launch of the Institute. Indiana has one of the most unique life sciences communities and I am proud of the early successes we have created. The depth, breadth, and incredible collaboration that we have seen across all of Indiana's stakeholders - industry, research universities, government, and philanthropic organizations - has been amazing. With Rainer now on board, it is time to pass the baton so he can take the IBRI to the next level of success."

IBRI Board Chairman Dan Evans says "David's start-up and entrepreneurial expertise was critical to the successful launch of the IBRI, setting the stage for the next phase of the IBRI's evolution and advancement of our scientific capabilities. Late last year David led us to hiring Rainer Fischer who is now ready to assume the leadership reins. Rainer's unique experience in developing and leading one of the world's premiere research organizations positions him perfectly to lead the IBRI. David's continued involvement as an advisor will maintain our momentum going forward."

You can connect to more about Fischer's promotion by clicking here.

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