Owens & Minor Implements Management Succession Plan
Thursday, July 31, 2014
Owens & Minor, Inc. (NYSE:OMI), a healthcare logistics company headquartered in Richmond, has named President & Chief Operating Officer James L. Bierman, 61, to serve as President & Chief Executive Officer and appointed him as a director of the company, effective September 1, 2014. Craig R. Smith, 63, currently Chairman & Chief Executive Officer, will continue to serve the company in the role of Executive Chairman.
Bierman said, “I am honored to have the opportunity to lead Owens & Minor at such an exciting time in its history. I look forward to working with our first-rate executive team and the thousands of talented Owens & Minor teammates as we continue to execute our strategic plan and create sustainable value for customers and shareholders.”
“I’m extremely proud of the world-class business that Owens & Minor represents today, and humbled to have led our 6,700 dedicated teammates around the world. Jim is a proven executive who, as a key architect of our strategy, has led positive change across the company’s sales, operations and logistics. I look forward to working with him and the Board as we make this important transition,” added Smith.
Bierman's appointment reflects the Board’s ongoing succession planning process and is designed to ensure a seamless transition to proven leadership as the company continues to advance its strategy of Connecting the World of Medical Products to the Point of CareTM by broadening its service offering to provider and manufacturer customers.
Mr. Bierman also currently serves on the board of directors of TeamHealth Holdings, Inc., where he is chairman of the board’s audit and nominating and governance committees. He is a former director of Quintiles and its parent company, Pharma Services Holding, Inc.; Devco Pharmaceuticals Ltd (a U.K development-stage biotech company); Physicians’ Online Inc. (a privately held U.S. internet provider of medical information and communications and a transaction network for physicians); and Mediconsultant.com Inc. (a publicly held North American internet provider of healthcare information and services).