Aramark Corp. is losing one of its top executives to medical-device maker C.R. Bard Inc.

Murray Hill, N.J.-based C.R. Bard said it has hired Christopher S. Holland, Aramark's senior vice president of finance, to become its chief financial officer as of May 21. Holland, 45, will succeed Todd C. Schermerhorn who announced his intention to retire last July.

Holland has been an executive at the Philadelphia-based institutional food-service provider since 2003. He was named to his current title in February 2011.

In a regulatory filing, Aramark said Holland would resign both as an executive and a director of the privately held company as of May 10.

The publicly traded C.R. Bard is much smaller than Aramark, which reported sales of $13.08 billion in its most recent fiscal year. Bard had 2011 net sales of $2.9 billion.

The announcement came after the U.S. stock market had closed for the day. Shares of C.R. Bard closed at $98.96, up 25 cents.