Company Commences Search for Permanent CEO
RICHMOND, Va.--(BUSINESS WIRE)--Nov. 8, 2018--
Owens & Minor, Inc. (NYSE: OMI) announced today that Robert C. Sledd, a
member of the company’s board of directors, has been elected Chairman
and Interim President and Chief Executive Officer. Mr. Sledd succeeds P.
Cody Phipps, who served as Chairman, President and CEO. The company also
announced that the Board has already formed a search committee to
recruit a new CEO with the assistance of a leading executive search firm.
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Robert C. Sledd elected Chairman and Interim President and Chief Executive Officer of Owens & Minor (NYSE-OMI). (Photo: Business Wire)
Anne Marie Whittemore, Lead Director, said, “The Board believes the
business will benefit from a change in leadership. We thank Cody for his
contributions to Owens & Minor and appreciate Bob Sledd’s willingness to
step in on an interim basis as we conduct a search for our next CEO. Bob
has a long and successful track record operating a large distribution
company. We will benefit from his wealth of management experience as
well as his knowledge of our business from his board tenure. Under Bob’s
leadership, we will continue to execute on our strategic plan to
strengthen and diversify our business as we also focus on operational
Mr. Sledd said “Owens & Minor is a highly respected company that is well
positioned to address the critical supply chain needs of providers and
manufacturers across the continuum of care. I look forward to working
with our dedicated teammates to provide our customers with services and
products that improve healthcare delivery.”
The company also announced that Robert Snead will continue in the role
of Interim Chief Financial Officer. Mr. Sledd commented, “Robert is an
outstanding teammate and I look forward to working closely with him.”
About Robert Sledd
Mr. Sledd has been a director of Owens & Minor since 2007 and most
recently served until his appointment as Interim President and CEO as a
member of the Executive and Audit Committees and Chairman of the
Compensation & Benefits Committee. He brings over two decades of
experience in distribution as Chairman and CEO of Performance Food Group
Co. (“PFG”), a foodservice distribution company he co-founded in 1987.
Under his leadership, PFG became the third largest foodservice
distributor in the U.S. with a significant private label offering to
both the retail and foodservice markets. Mr. Sledd served as Chief
Executive Officer of publicly-traded PFG from 1987 to 2001 and from 2004
to 2006, and as Chairman from 1995 until 2008.
Mr. Sledd most recently served as a Managing Partner of Pinnacle
Ventures, LLC and Sledd Properties, LLC. Prior to that, he spent four
years as Senior Economic Advisor to the former Governor of Virginia and
was responsible for development of Virginia’s strategic economic
development plan and oversight in coordination with the Secretary of
Mr. Sledd has served on the Board of Universal Corporation (NYSE: UVV)
since 2009, and is Chairman of the Pension Investment Committee, as well
as a member of the Audit and Finance Committees. He also serves as a
Director of Pool Corporation (NASDAQ: POOL), a wholesale distributor of
swimming pool supplies, equipment, and related leisure products, and is
a member of the company’s Audit and Compensation Committees. Mr. Sledd
previously spent seven years as a member of the Board of Bon Secours
Health System, including four as Chairman.
Mr. Sledd holds a B.A. degree from the University of Tennessee.
About Owens & Minor
Owens & Minor, Inc. 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 of
approximately $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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181108005297/en/
Source: Owens & Minor, Inc.
Owens & Minor, Inc.
Jenny Graves, 804-723-7754