Owens & Minor Announces Exec Changes, Early 3Q Numbers - Modern Distribution Management

Log In

Owens & Minor Announces Exec Changes, Early 3Q Numbers

Changes include the appointment of Andrew G. Long as EVP, CEO, products & healthcare services segment, replacing Jeffrey T. Jochims.
Richmond, Virginia-based global healthcare products distributor Owens & Minor on Oct. 12 announced several executive leadership team changes, as well as preliminary financial figures for 2022's third-quarter.
Author
Date

Richmond, Virginia-based global healthcare products distributor Owens & Minor on Oct. 12 announced several executive leadership team changes, as well as preliminary financial figures for 2022’s third-quarter.

The changes include the appointment of Andrew G. Long as executive vice president, CEO, Products & Healthcare Services segment, replacing Jeffrey T. Jochims, who will leave the company, Owens & Minor said.

Long has worked as the company’s EVP and CFO since joining Owens & Minor almost three years ago.

Alexander J. Bruni also has been promoted to EVP and CFO, replacing Long, the company said.

“Andy has been a great leader at Owens & Minor and I am looking forward to having Andy in this role where his skillset will help drive the Products & Healthcare Services segment to a stronger future,” said Edward A. Pesicka, president and CEO. “Andy is well prepared for these new responsibilities and has a track record of success – building a world-class finance organization, leading and strengthening our IT capabilities and developing and deploying the Owens & Minor Business System. Andy has earned the confidence of myself and the Board of Directors as well our 20,000 teammates around the world and we are certain he is the right person for this role.”

Owens & Minor also announced preliminary third-quarter results and updated guidance for 2022.

Among the estimated 3Q numbers, the company said it now expects adjusted net income per share to be in a range of $2.50-$2.60 for the full year and adjusted EBITDA to be in a range of $527-$537 million. Previous full-year guidance for adjusted net income per share was in a range $2.85-$3.15 and previous full-year guidance for 2022 adjusted EBITDA was $570-$610 million, Owens & Minor said.

The company plans to release its financial results for 3Q 2022 on Nov. 2.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.