Healthcare Industry News: Olympus
News Release - January 3, 2008
Henry Schein Creates New Chief Merchandising Officer Position and Appoints New President of Medical GroupMELVILLE, N.Y.--(HSMN NewsFeed)--Henry Schein, Inc. (Nasdaq:HSIC ), the largest distributor of healthcare products and services to office-based practitioners in the combined North American and European markets, today announced the appointment of Michael Racioppi to Senior Vice President, Chief Merchandising Officer, a newly created position reporting to Henry Schein Chairman and Chief Executive Officer, Stanley M. Bergman.
In this new role, Mr. Racioppi will assume leadership of processes to optimize the Company’s global gross profit, including planning and the sharing of best practices. In addition, Mr. Racioppi will oversee several global vendor initiatives; develop plans for Internet sales and marketing; and help optimize the Company’s Henry Schein Brand offering and other programs.
“This new position will enable Michael to leverage his unique talents as broadly as possible and to focus on global gross profit improvement initiatives,” said Mr. Bergman. “Michael’s leadership through his 15 years with Henry Schein, his work in building our Medical Group into a $1.5 billion business and his chairmanship of the Health Industry Distributors Association make him the ideal person to drive our Company’s efforts in this strategically important area.”
Assuming Mr. Racioppi’s previous position as President of Henry Schein’s Medical Group will be David McKinley, who is currently President of Henry Schein Practice Solutions. Mr. McKinley has extensive experience in leading fast-growing organizations that participate in markets undergoing technological change. Prior to joining Henry Schein, Mr. McKinley served as Group Vice President of Olympus’ $700 million Medical Systems group, and before that was General Manager for C.R. Bard’s Urology division.
“Since joining Henry Schein in 2005, Dave has proven himself to be a most capable and versatile leader,” said James P. Breslawski, Henry Schein President and Chief Operating Officer, to whom Mr. McKinley will report. “In the relatively short time that he has been with Henry Schein, Dave has been recognized for his strategic organizational insights and ability to motivate Team Schein Members at all levels as he leads through example. He will be invaluable as we continue to harness the full potential of the Henry Schein Medical Group in North America.”
In addition, the Company announced an expansion of the responsibilities of Corporate Chief Technology Officer Jim Harding. Mr. Harding will now also lead Henry Schein’s Technology Group.
About Henry Schein
Henry Schein, Inc. (Nasdaq:HSIC ), a Fortune 500® company and a member of the NASDAQ 100® Index, is recognized for its excellent customer service and highly competitive prices. Henry Schein’s four business groups - Dental, Medical, International and Technology - serve more than 500,000 customers worldwide, including dental practices and laboratories, physician practices and veterinary clinics, as well as government and other institutions. The Company operates through a centralized and automated distribution network, which provides customers in more than 200 countries with a comprehensive selection of more than 85,000 national and Henry Schein private-brand products in stock, as well as over 100,000 additional products available to our customers as special order items.
Henry Schein also offers a wide range of innovative value-added practice solutions for healthcare professionals, such as ArubA®, the Company's electronic catalog and ordering system. Its leading practice-management software solutions have been installed in more than 50,000 practices, including DENTRIX® and Easy Dental® for dental practices, MicroMD® for physician practices, and AVImark® for animal health clinics. Headquartered in Melville, N.Y., Henry Schein employs over 12,000 people and has operations in 22 countries. The Company's sales reached a record $5.05 billion in 2006. For more information, visit the Henry Schein Web site at www.henryschein.com.
Source: Henry Schein
Issuer of this News Release is solely responsible for its
Please address inquiries directly to the issuing company.