Sirona (NASDAQ: SIRO), the dental technology leader, today announced that its board of directors has unanimously approved a succession plan for the Chief Executive Officer of the company. Effective February 20, 2013, Jeffrey T. Slovin will be promoted to Chief Executive Officer. Mr. Slovin, 48, will succeed Jost Fischer, 58. As of February 20, 2013, Mr. Fischer will retire and relinquish his positions as CEO and Chairman of the Board. Thomas Jetter, a current member of Sirona’s Board of Directors, will assume the role of Non-Executive Chairman of the Board upon Mr. Fischer’s retirement. Effective today, as part of the succession plan, Rainer Berthan is promoted to Executive Vice President responsible for the Company’s business segments.
Mr. Fischer commented: “Jeffrey Slovin is the ideal candidate to succeed me as Sirona’s CEO. He has the necessary experience and stellar reputation within the dental community to take Sirona into the future. Before joining Sirona in 2006, Jeff was CEO of publicly traded Schick Technologies, Inc. where he built a reputation as an innovator and operator, and delivered significant shareholder value. Since joining Sirona, he has consistently demonstrated excellent judgement and played a major role in improving our operations, targeting our research and development efforts and leading growth initiatives.”
Mr. Fischer continued: “This appointment is part of a leadership succession process that was methodically developed over the past several years in preparation for this very day. Jeff has the full support of myself and the Board. During my 11 years as CEO of Sirona, we have built Sirona from a primarily German company to a truly global leader in dental technology. Sirona is well positioned for the future, with a powerful sales and service infrastructure, a strong management team, and an outstanding product portfolio. I am excited to watch as Jeff takes Sirona to new heights.”
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