This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Scott P. Anderson Elected Patterson Companies Chairman

Patterson Companies, Inc. (Nasdaq: PDCO) today announced that Scott P. Anderson, president and chief executive officer, has been elected to the additional position of chairman of the board, effective April 28, 2013, the start of Patterson’s 2014 fiscal year. Anderson, 46, succeeds Peter L. Frechette, who has been chairman since 1985. Frechette, 75, has been named chairman emeritus and will serve out his current term as a director, which ends in September. Prior to his post as chairman, Frechette was the company’s chief executive officer from 1982-2005 and president from 1982-2003.

Andre Lacy, the board’s lead director, said, “On behalf of the board, I would like to congratulate Scott on this achievement. This move completes the transition that started when Scott was named president and CEO in 2010. We look forward to continued growth and market leadership for Patterson Companies.”

Anderson said, “I am grateful for the opportunity to lead Patterson Companies at this new level. Pete, over his distinguished career, provided insight and guidance – and the foundation on which the modern Patterson Companies was built. He focused Patterson on growth and taking exceptional care of the customer. We will continue to advance that agenda going forward. Pete developed a strong company and culture. It is now our responsibility to nurture and perpetuate that culture, as we help our customers succeed and strive to enhance long-term value for our shareholders.”

Frechette commented, “Patterson Companies has been in great hands since Scott has been CEO. He is a proven leader with deep industry background, and he knows Patterson Companies well. His 20-year record with us includes having served as president of Patterson Dental from 2006 to 2010, following multiple senior management positions. I have every confidence in Scott, the management team and the future of this organization.”

About Patterson Companies, Inc.Patterson Companies, Inc. is a value-added distributor serving the dental, companion-pet veterinarian and rehabilitation supply markets. Dental MarketAs Patterson’s largest business, Patterson Dental provides a virtually complete range of consumable dental products, equipment and software, turnkey digital solutions and value-added services to dentists and dental laboratories throughout North America. Veterinary MarketPatterson Veterinary is a leading distributor of consumable veterinary supplies, equipment and software, diagnostic products, vaccines and pharmaceuticals to companion-pet veterinary clinics. Rehabilitation MarketPatterson Medical is the world’s leading distributor of rehabilitation supplies and non-wheelchair assistive patient products to the physical and occupational therapy markets. The unit’s global customer base includes hospitals, long-term care facilities, clinics and dealers.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs