Patterson Companies Names Paul Guggenheim Chief Innovation Officer
June 02 2016 - 9:45AM
Business Wire
Newly established role will focus on fresh
growth opportunities, technology applications
CEO Scott Anderson to oversee Dental business
on interim basis
Patterson Companies, Inc. (Nasdaq: PDCO) today announced that
Paul Guggenheim, chief executive officer of Patterson Dental, has
been named the company’s chief innovation officer, effective June
15, 2016. In this newly established corporate role, Guggenheim will
be charged with exploring and deploying technologies to impact the
business, strategic planning to unlock new growth opportunities,
and establishing practices across Patterson designed to cultivate
and commercialize market breakthroughs.
“Paul has focused his entire career on pushing the boundaries of
service and finding new ways to help our customers succeed,” said
Scott Anderson, chairman, president and chief executive officer of
Patterson Companies. “This role will add a new dimension to
Patterson Companies, bring our commitment to excellence to a higher
level, and allow all of Patterson, and our customers, to better
benefit from Paul’s passion for continual improvement.”
Guggenheim has served Patterson Companies for more than 16 years
in a range of executive positions. Prior to Patterson Companies, he
was president of Guggenheim Brothers Dental Supply Co., which was
acquired by Patterson in 2000.
Said Guggenheim, “I am delighted at the opportunity to bring a
more intense focus on innovation – both within our organization and
for our customers – to Patterson Companies. We have made
fundamental changes to our business over the past year and now
operate two highly complementary businesses focused on new and
evolving market opportunities. At this pivotal point, the time is
right to make market innovation a larger focus area for Patterson
in order to build on our leadership position.”
With Guggenheim transitioning to his new role, Scott Anderson
will oversee the Dental business on an interim basis, supported by
Ann Gugino, executive vice president and chief financial officer,
who will add operational leadership of the Dental segment to her
responsibilities.
Anderson added, “Our efforts to transform Patterson include our
Dental business. As we move forward in Dental, we will concentrate
on delivering the high-touch service and sales support for which we
are known, but with much greater efficiency and agility. By any
measure, we have an exceptional team in this business and I look
forward to working with Ann and our accomplished leadership to
shape the future of Patterson Dental.”
About Patterson Companies, Inc.Patterson Companies, Inc.
is a value-added distributor serving the dental and animal health
markets.
Dental MarketPatterson's Dental
segment provides a virtually complete range of consumable dental
products, equipment and software, turnkey digital solutions and
value-added services to dentists and dental laboratories throughout
North America.
Animal Health MarketPatterson's
Animal Health segment is a leading distributor of products,
services and technologies to both the production and companion
animal health markets in North America and the U.K.
This press release contains certain forward-looking statements,
as defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are information of a non-historical
nature and are subject to risks and uncertainties that are beyond
Patterson's ability to control. Forward-looking statements
generally can be identified by words such as "believes," "expects,"
"anticipates," "foresees," "forecasts," "estimates" or other words
or phrases of similar import. It is uncertain whether any of the
events anticipated by the forward-looking statements will transpire
or occur, or if any of them do, what impact they will have on the
results of operations and financial condition of Patterson or the
price of Patterson stock. These forward-looking statements involve
certain risks and uncertainties that could cause actual results to
differ materially from those indicated in such forward-looking
statements, including but not limited to the other risks and
important factors contained and identified in Patterson's filings
with the Securities and Exchange Commission, such as its Quarterly
Reports on Form 10-Q and Annual Reports on Form 10-K, any of which
could cause actual results to differ materially from the
forward-looking statements. Any forward-looking statement in this
press release speaks only as of the date on which it is made.
Except to the extent required under the federal securities laws,
Patterson does not intend to update or revise the forward-looking
statements.
Source: Patterson Companies, Inc.
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version on businesswire.com: http://www.businesswire.com/news/home/20160602005743/en/
Patterson Companies, Inc.John M. Wright, 651-686-1364Vice
President, Investor Relations
Patterson Companies (NASDAQ:PDCO)
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