David Dexter:  

CLASS OF 1969
David Dexter's Classmates® Profile Photo
Portland, OR

David's Story

Board Director | President & Chief Executive Officer (RET) | Healthcare & Bioscience Leader| CEO & Management Advisor| Delivered best in class financial performance while leading complex healthcare enterprises; recognized for multiple successful business turnarounds, disciplined M&A execution, and driving growth and cost transformation through Innovation and AI applications. David A. Dexter is a retired healthcare executive and board leader with more than three decades of experience guiding complex, multistate clinical laboratory and healthcare organizations. He simultaneously served as President & CEO of Sonora Quest Laboratories, LLC, President & CEO of Laboratory Sciences of Arizona, LLC and General Manager of Joint Ventures for Quest Diagnostics in Arizona with nearly 4,000 employees. In these roles, Dex and his senior team built one of the nation’s largest and most successful joint venture laboratories (SQL, LLC) and combined with (LSA, LLC) formed one of the largest integrated laboratory networks in the nation providing management and strategic direction for 35 Hospital and Rapid Response Laboratories supporting Banner Health Hospitals, Academic Medical Centers, and Cancer Centers in Arizona and 5 western states. Career Financial Performance: Led Sonora Quest Laboratories from approximately ($1M/month OM loss) to strong growth and profitability in the billions for both Net Revenue and Operating Margin (19.3% over 26 years). Led Laboratory Sciences of Arizona to an industry best of 2.88% of total hospital lab cost versus the 6–12% national average. My Mentor: Kenneth Freeman, former Chairman/President/CEO of Quest Diagnostics, KKR Managing Director, and Dean Emeritus of Boston University Questrom School of BusineThe importance of a great mentor cannot be overstated, and Ken Freeman provided me with invaluable guidance on Values, Behaviors, and Leadership that shaped my career. My Sense of Purpose: ‘To Make A Difference For Others’ My Business Philosophy: “It’s not how many hits you get, it’s how many runs you score” Favorite Axioms: “If you don’t plan well, you plan to fail.” | “If you can’t measure it, you can’t manage it”| “Hope is not a strategy”| I’m Most Proud Of: I’ve never laid off an employee (but I have fired managers ) What I Did Differently: As CE...Expand for more
O, I required myself and every senior team leader to lead a major charitable event each year and actively participate on non-profit boards as part of their executive development and the company’s market strategy. My Mantra: I believe that CEO’s have a moral and ethical responsibility to make a difference for the communities and which we live and work. I call it ‘Higher Ambition Leadership’ Recognitions: 2025 – Jon W. McGarity Arizona Bioscience Leader of the Year (AZBio) and SQL/LSA voted #1 Bioscience Company in Arizona (AZ Big Media) 2025 – Visionary Healthcare Leader Award (Mission of Mercy) 2024 – Sword of Hope National Award for CEO’s Against Cancer Executive Circle (American Cancer Society) 2023 – St. George National Award for Distinguished Service (American Cancer Society) 2022 – Top 25 Most Admired Leaders (Phoenix Business Journal) 2022 – Top 5 Bioscience Leaders (AZ Big Media) 2018 – Ranked David A. Dexter as #11 on Arizona Healthcare Leaders Power List (Phoenix Magazine) and Top 5 Bioscience Leaders (AZ Big Media) 2017 – SQL was the recipient of the Arizona “Exceptional Innovator Impact Award” for large companies (The Greater Phoenix Chamber of Commerce) and SQL/LSA was the recipient of Corporate Philanthropy Community Impact Award for Large Companies (The Business Journal) 2015 – Southwest Leadership Award (Southwest Alliance for Excellence) 2014 – Public Service National Leadership Award for Business Innovation and Creativity (G2 Lab Institute) 2011 – SQL was the recipient of The Business Ethics Award (The Better Business Bureau) 2009 – Top 25 Most Admired CEOs (The Business Journal) 2008 – Arizona CEO of the Year (Arizona Corporate Excellence) Former Board & Leadership Service: Arizona Chamber of Commerce and Industry – Board Member; Health Care Committee Greater Phoenix Leadership – Board Member; Health Care Committee AZBio – Board Member Arizona Health-e-Connections – Founding Board Member; Board Chair Health Current Health Information Exchange (HIE) – Founding Board Member; Board Chair Contexture (HIE) – Board Member Breakthrough T1D – Board Member and Board of Chancellors American Cancer Society – CEOs Against Cancer – Chair and Board Member American Cancer Society – Founding Board Member of National CEO Executive Circle CEO Connections – Member
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