Henry Schein, Inc. (HSIC) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript

John Stansel
JPMorgan Chase & Co, Research Division

Hello. I’m John Stansel, and I’m a member of the health care services team here at JPMorgan. I’ve been joined by a large cohort of the Henry Schein management team, including CEO, Stan Bergman; CFO, Ron South; Andrea Albertini, the CEO of the Global Distribution and Technology Group; and Tom Popeck, the CEO of the Global Products Group. So we’re going to start with a bit of a presentation from the guys, and then we will go into a Q&A afterwards.

Ronald South
Senior VP & CFO

Very good. Thank you, John.

Stanley Bergman
Executive Chairman & CEO

Thank you, John. We must have seen practically everyone at this conference in one-on-one. So those that are here, thank you for coming. I’m going to go through this, John, if that’s okay, very quickly so that there’s more time for Q&A. But this is going to be posted on the website.

So we’re very pleased that yesterday morning, we announced Fred Lowery as the Henry Schein new CEO effective March 2 of this year. In July, I announced my plans to retire and the plan contemplated a recruiting process, a succession recruiting process, a review of internal candidates and external candidates by our Nominating and Governance Committee. The process actually went quite well. There was tremendous interest from external candidates. And of course, we had internal candidates. And although we had planned to announce the new candidate by — the