Newly established role will focus on fresh growth opportunities,
CEO Scott Anderson to oversee Dental business on interim basis
ST. PAUL, Minn.–(BUSINESS WIRE)–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
“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
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
About Patterson Companies, Inc.
Patterson Companies, Inc. is
a value-added distributor serving the dental and animal health markets.
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
Animal Health Market
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.
Patterson Companies, Inc.
John M. Wright, 651-686-1364
President, Investor Relations