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Dentsply Sirona chairman, CEO and COO all resign

Dentsply Sirona chairman, CEO and COO all resign

10/02/2017

Dentsply Sirona Inc. (XRAY) announced Monday sweeping leadership changes, as Chief Executive Jeffrey Slovin, Executive Chairman Bret Wise and Chief Operating Officer Christopher Clark have all resigned. The dental products maker said in a statement that the resignations were "not related to any issues or disagreements regarding the company's financial disclosures, accounting policies and practices." Dentsply named Mark Thierer as interim CEO and Bob Size as interim COO, and named Eric Brandt as non-executive chairman. The company reiterated its adjusted earnings per share guidance of $2.65 to $2.75, which surrounds the FactSet consensus of $2.69. "Dentsply Sirona's Board of directors strongly believes that the Company is well-positioned to achieve its business objectives and deliver value for its shareholders, and that new leadership is critical to achieving success," Brandt said. The stock, which was inactive in premarket trade, has tumbled 7.8% over the past three months, but edged up 0.6% over the past 12 months. The S&P 500 has climbed 16% over the past 12 months.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

 

(END) Dow Jones Newswires

10-02-17 0745ET

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