The Board of Directors of Owens & Minor, Inc. announced today, following its regularly scheduled board meeting, that G. Gilmer Minor, III, (72), who has served as Chairman of the Board since 1994, will retire from the Board at the conclusion of the company’s Annual Shareholders’ Meeting on April 26, 2013. The Board is pleased to announce that Mr. Minor will assume the position of Chairman Emeritus. As part of its succession plan, the Board intends to appoint Craig R. Smith (61), President & Chief Executive Officer of Owens & Minor, to serve as Chairman of the Board, upon Mr. Minor’s retirement. Mr. Smith, who joined Owens & Minor in 1989, has served as President & Chief Executive Officer since 2005, when he was also elected to the Board of Directors.
Mr. Minor, who joined the company in 1963 and served as its Chief Executive Officer from 1984 to 2005, served with distinction for more than 40 years in leading and managing the company’s growth and operations until his retirement from the Company in 2005. Mr. Minor is widely respected for working tirelessly on behalf of Owens & Minor’s customers, teammates, and shareholders, as well as his efforts on behalf of the communities served by the company.
“Through a combination of strong leadership and a keen understanding of the healthcare industry, Gil Minor has built a strategically focused company that remains true to its principles and culture of high integrity and customer focus in a rapidly changing marketplace,” said James E. Rogers, Lead Director of the Owens & Minor Board of Directors. “The Board looks forward to honoring his service at the Annual Shareholders’ Meeting and to his continuing counsel as Chairman Emeritus.”
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 and a healthcare supply-chain management company.
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 suppliers, 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
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV