Henry Schein falls after longtime CEO to retire
ReutersJul 15, 2025 12:18 PM
Shares of medical products distributor Henry Schein HSIC.O fall about 2% to $69.29 premarket
HSIC says CEO Stanley Bergman will retire at the end of the year, after 45 years at the company; adds he will continue to serve as chairman of the board
Co says it is commencing a formal search process for a new CEO and will consider internal and external candidates
During his tenure, co's revenue grew from $225 million in 1989 to almost $13 billion in 2024- HSIC
Given the new KKR investment, we see this broader timing as logical, allowing the board to begin to make some of the previously-discussed changes... that will no doubt be deepened under the new CEO- brokerage Evercore ISI
Up to last close, stock up 2.1% YTD
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