Owens & Minor, a global healthcare logistics company, announced it has made two changes to its executive leadership. Andrew G. Long will replace Jeffrey T. Jochims as EVP and CEO for the company’s Products & Healthcare Services segment.
In addition, Alexander J. Bruni will be promoted to EVP and CFO to replace Long as he transitions into his new role.
Owens & Minor also provided an update on expected third-quarter performance, lowering expectations from previous announcements.
“While the Patient Direct segment continues to perform well, the Products & Healthcare Services segment is facing more pressures than previously expected with the unfavorable macro-economic conditions that show no signs of abating, along with elevated customer stocking levels and continued lower than expected hospital procedure volume. Accordingly, the pace of change at Owens & Minor must accelerate, and I believe the leadership changes announced today will provide the Company with the best opportunity to contend with these headwinds,” said Edward Pesicka, President and CEO.