RICHMOND, Va.--(BUSINESS WIRE)--Jun. 4, 2018--
& Minor, Inc. (NYSE:OMI) announced today that Robert K. Snead,
currently Group Vice President of Finance—Global Solutions, has assumed
the additional role of interim Chief Financial Officer of Owens & Minor,
effective June 1, 2018, succeeding Richard “Randy” A. Meier, Executive
Vice President, Chief Financial Officer, who is leaving the company to
pursue other opportunities. The company is engaging a national firm to
conduct a search for a permanent chief financial officer.
After joining Owens & Minor as Vice President of Corporate Development
in 2010, Snead assumed roles of increasing responsibility in strategic
planning, corporate development and later as treasurer of the company.
Prior to joining Owens & Minor, Snead served as a director in the
mergers and acquisitions group of Barclays Capital in New York. Snead
earned his undergraduate degree from the University of Virginia and a
master’s in business administration from Columbia Business School.
In addition, Michael W. Lowry, Senior Vice President, Corporate
Controller, was named the company’s Chief Accounting Officer. Lowry, who
joined Owens & Minor in 1988, has held a variety of leadership positions
on the finance team. He was named Corporate Controller in 2013. Prior to
that, Lowry was the company treasurer for four years starting in 2009.
“We have built a strong finance team with leaders who have the insight
and expertise that will support our company as we continue to execute
our strategic plan and build our global enterprise,” said P. Cody
Phipps, Chairman, President & Chief Executive Officer. “During our
transformation, Robert played a central role supporting our leadership
team and board of directors from both a financial and strategic
perspective. I’m excited about the contributions he will make in this
expanded capacity, as we conduct the search for a permanent CFO. We have
great confidence in our entire finance team.”
In other leadership transitions, Rony C. Kordahi, Executive Vice
President, North American Operations, announced that he is resigning as
Executive Vice President, North American Operations, effective May 31,
2018, and will be leaving the company in July after a transition period
to pursue other opportunities. His responsibilities will be transitioned
to members of the management team and operations leaders. Owens & Minor
has begun a search for his successor.
“On behalf of all of us at Owens & Minor, I want to thank Randy for his
many contributions to the growth and development of our company over the
last five years. He was instrumental in transforming Owens & Minor into
a global company,” said Phipps. “In addition, we thank Rony for leading
the operations team and for taking steps to improve safety and drive
process improvements throughout our network. We wish both Randy and Rony
great success in their future endeavors.”
About Owens & Minor
Owens & Minor, Inc. (NYSE: OMI) is a global healthcare solutions company
with integrated technologies, products, and services aligned to deliver
significant and sustained value for healthcare providers and
manufacturers across the continuum of care. With 17,000 dedicated
teammates serving healthcare industry customers in 90 countries, Owens &
Minor helps to reduce total costs across the supply chain by optimizing
episode and point-of-care performance, freeing up capital and clinical
resources, and managing contracts to optimize financial performance. A
FORTUNE 500 company, Owens & Minor has annualized revenues exceeding $10
billion, including contributions from Halyard Health S&IP. Founded in
1882, Owens & Minor has operated continuously from its Richmond,
Virginia, headquarters. Today, the company now has distribution,
production, customer service and sales facilities located across Asia,
Europe, Latin America, and the U.S. For more information about Owens &
Minor, visit owens-minor.com,
on Twitter, and connect on LinkedIn at www.linkedin.com/company/owens-&-minor.
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Source: Owens & Minor, Inc.
Owens & Minor, Inc.
Truitt Allcott, 804-723-7555
Investor & Media Relations
Director, Finance & Investor Relations