O&M Board Intends to Name President & CEO P. Cody Phipps as Chairman
RICHMOND, Va.--(BUSINESS WIRE)--
Owens & Minor, Inc. (NYSE: OMI) today announced that Chairman of the
Board Craig R. Smith notified the company that he does not intend to
stand for re-election at the company's Annual Shareholders Meeting to be
held on May 5, 2017. Smith, who has been a board member since 2005, was
named Chairman in 2013. After joining Owens & Minor in 1989, Smith
served in a wide range of capacities from operations to sales, from
customer-facing roles to executive management positions. Highly regarded
in the healthcare industry, Smith was named Chief Executive Officer in
2005, President in 1999, and served as Chief Operating Officer from 1995
to 2005. Upon first joining the company, he served as the Los Angeles
division vice president. Smith retired as President & CEO in 2014.
"On behalf of the board of directors and the company, we thank Craig for
his dedication to Owens & Minor and our teammates, and we salute his
tireless service to our customers across three decades," said Anne Marie
Whittemore, Lead Director for Owens & Minor. "Craig has represented the
spirit of Owens & Minor in the healthcare industry, and he has served
the company with distinction over many years. The board wishes to thank
Craig for his service and congratulate him for his many accomplishments
at Owens & Minor."
At the time of Smith's retirement, the Board intends to elect P. Cody
Phipps, President & Chief Executive Officer of Owens & Minor, as the
company's new Chairman of the Board.
"The board looks forward to working with Cody as our chairman to
implement the company's strategic agenda," said Whittemore. "His
leadership and dynamic approach to transforming the company will serve
our board, our teammates and our global healthcare customers well."
About Owens & Minor
Owens & Minor, Inc. (NYSE: OMI) is a global healthcare services company
dedicated to Connecting the World of Medical Products to the Point of
CareSM by providing vital supply chain services to
healthcare providers and manufacturers of healthcare products. Owens &
Minor provides logistics services across the spectrum of medical
products from disposable medical supplies to devices and implants. With
logistics platforms strategically located in the United States and
Europe, Owens & Minor serves markets where three quarters of global
healthcare spending occurs. Owens & Minor's customers span the
healthcare market from independent hospitals to large integrated
healthcare networks, as well as group purchasing organizations,
healthcare products manufacturers, and the federal government. A FORTUNE
500 company, Owens & Minor is headquartered in Richmond, Virginia, and
has annualized revenues exceeding $9 billion. 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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Owens & Minor, Inc.
Trudi Allcott, 804-723-7555
Investor & Media Relations
Director, Finance & Investor Relations
Source: Owens & Minor, Inc.
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