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.
Don’t miss any content from Distribution Strategy Group. Join our list.
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.