Sirona Dental Systems, Inc. Announces CFO Succession Plan

  Sirona Dental Systems, Inc. Announces CFO Succession Plan

Ulrich Michel to Succeed Simone Blank as Chief Financial Officer

Business Wire

LONG ISLAND CITY, N.Y. -- August 2, 2013

Sirona (NASDAQ: SIRO), the dental technology leader, today announced that its
board of directors has unanimously approved a succession plan for the Chief
Financial Officer of the company. Ulrich Michel will join Sirona as Chief
Financial Officer and Executive Vice President effective October 14, 2013 and
will succeed Simone Blank, who will step down as CFO, Executive Vice President
and Board member. Ms. Blank will assist to ensure a seamless transition.

Jeffrey Slovin, President and Chief Executive Officer of Sirona, commented:
“On behalf of Sirona, I want to sincerely thank Simone for 15 years of
dedicated service and sound financial stewardship. I’ve worked side by side
with her for eight years so it is no surprise to me that she leaves us in the
strongest financial position in our Company’s history. Simone has played an
important role in developing Sirona into a global organization and increasing
shareholder value. We can now build on that foundation to take Sirona even
further. We wish her our very best and much happiness as she enters this next
well-deserved phase of her life.”

Mr. Slovin continued: “We are very excited to welcome Ulrich Michel to Sirona.
His global experience, management capabilities and proven track record as CFO
of a U.S. public company make him the ideal candidate to succeed Simone. He
shares our commitment to the importance of innovation, excellence in execution
and a best-in-class global sales and service infrastructure. His hiring is
part of Sirona’s succession plan and we expect him to be instrumental in
guiding Sirona through its next phase of growth. The Board and myself have the
utmost confidence in Ulrich and expect his wealth of knowledge to make a
significant impact.”

Mr. Michel, 50, brings 25 years of financial experience to Sirona. Most
recently, Mr. Michel spent over eight years as the Chief Financial Officer of
WABCO, a New York Stock Exchange listed company that is a global technology
leader in the commercial vehicle industry with approximately $2.5 billion in
sales. Prior to that he was the Chief Financial Officer for American
Standard's Trane Commercial Systems’ business in Europe, Middle East, Africa &
India Region. Mr. Michel joined American Standard from Honeywell
International/Allied Signal where he spent six years in financial leadership
positions in the U.S. and Europe, with areas of focus including mergers and
acquisitions, the Specialty Chemicals business and the Control Products
business. Before joining Honeywell International/Allied Signal, Mr. Michel
spent eight years at Pricewaterhouse, working both in the U.S. where he
qualified as a U.S. Certified Public Accountant (CPA) and in Europe where he
became a German Wirtschaftspruefer.

About Sirona Dental Systems, Inc.

Sirona, the dental technology leader, has served dealers and dentists
worldwide for more than 130 years. Sirona develops, manufactures, and markets
a complete line of dental products, including CAD/CAM restoration systems
(CEREC), digital intra-oral, panoramic and 3D imaging systems, dental
treatment centers and handpieces. Visit http://www.sirona.com for more
information about Sirona and its products.

Contact:

Sirona Dental Systems, Inc.
Joshua Zable, +1 718-482-2184
Vice President, Investor Relations
joshua.zable@sirona.com
 
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