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Owens & Minor Announces Appointment Of New Chief Financial Officer

Stocks in this article: OMI

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 overseas.”

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.

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