Owens & Minor Announces Appointment of New Chief Financial Officer
RICHMOND, Va. -- February 19, 2013
Owens & Minor, Inc. (NYSE:OMI) announced today the appointment of Richard A.
(Randy) Meier, 53, as Executive Vice President & Chief Financial Officer of
Owens & Minor, Inc., effective March 1, 2013.
From 2010 to 2012, Meier served as Executive Vice President & Chief Financial
Officer of Teleflex, Inc., a global provider of specialty medical devices for
a range of procedures in critical care and surgery. Before joining Teleflex,
he served as President & Chief Operating Officer of Advanced Medical Optics,
Inc., from 2007 to 2009, when the company was acquired as a wholly owned
subsidiary of Abbott Laboratories. Meier joined Advanced Medical Optics, a
global ophthalmic medical device company, as Corporate Vice President & Chief
Financial Officer in 2002 and continuously served as chief financial officer
while simultaneously serving in a variety of finance and operations roles
between 2002 and 2007. Meier also worked for Valeant Pharmaceuticals, Inc.,
formerly ICN Pharmaceuticals, Inc., a global pharmaceutical company, from 1998
to 2002, where he served as Executive Vice President, Executive Vice President
& Chief Financial Officer, and as Treasurer.
“Randy brings a wealth of finance and operations experience to this critical
Owens & Minor role,” said Craig R. Smith, President & Chief Executive Officer
of Owens & Minor. “Through his career, Randy has developed a wide-ranging
expertise in the healthcare industry and in managing global enterprises, which
will provide solid support for Owens & Minor’s efforts to grow our business
Prior to joining Valeant Pharmaceuticals, Meier was a senior vice president
with the investment banking firm of Schroder & Co., Inc. in New York, which he
joined in 1996. In the early stages of his career, Meier held various
financial and banking positions at Salomon Smith Barney, Manufacturers Hanover
Trust Corporation, as well as other financial and management positions at
other firms. Meier will take over for Michael W. Lowry, who briefly served as
Interim Chief Financial Officer & Interim Chief Accounting Officer of Owens &
Minor, from February 7, 2013, until March 1, 2013. Lowry, 51, who has worked
at Owens & Minor since 1988, will resume his role as Operating Vice President,
Treasurer of Owens & Minor.
Meier serves on the board of BioMarin Pharmaceuticals, Inc. (NASD: BMRN),
where he is chairman of the Audit Committee and a member of the Corporate
Governance and Nominating Committee, and also on the board of Staar Surgical,
Inc. (NASD: STAA), where he serves on the Audit and Compensation Committees.
Meier is a graduate of Princeton University with a Major in Economics.
Information on www.Owens-Minor.com
Owens & Minor uses its website, www.owens-minor.com, as a channel of
distribution for material company information, including news releases,
investor presentations and financial information. This information is
routinely posted and accessible under the Investor Relations section.
Owens & Minor, Inc., (NYSE: OMI) a FORTUNE 500 company headquartered in
Richmond, Virginia, is a leading national distributor of name-brand medical
and surgical supplies. Owens & Minor also offers global third-party logistics
services to pharmaceutical, life-science, and medical-device manufacturers
through its European business unit, Movianto, and through its U.S.-based
service, OM HealthCare Logistics. With a diverse product and service offering
and distribution centers throughout the United States, the company serves
hospitals, integrated healthcare systems, alternate site locations, group
purchasing organizations, healthcare manufacturers, and the federal
government. Owens & Minor also provides technology and consulting programs
that improve inventory management and streamline logistics across the entire
medical supply chain. For news releases, or for more information about Owens &
Minor, visit the company website at www.owens-minor.com.
Owens & Minor
Truitt Allcott, Director, Investor & Media Relations
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