Bernard J. Pitz to Join Sybron Dental Specialties, Inc. as Chief Financial Officer
17 Fevereiro 2005 - 7:31PM
PR Newswire (US)
Bernard J. Pitz to Join Sybron Dental Specialties, Inc. as Chief
Financial Officer ORANGE, Calif., Feb. 17 /PRNewswire-FirstCall/ --
Sybron Dental Specialties, Inc. (NYSE:SYD), a leading manufacturer
of a broad range of value-added products for the professional
dental market and the specialty markets of orthodontics,
endodontics, implants and infection prevention, today announced
that Bernard J. Pitz will join the Company effective March 1, 2005.
After a transition period, Mr. Pitz will succeed Gregory D. Waller,
who announced last November his intention to retire during 2005, as
Chief Financial Officer. Mr. Waller will remain with the Company
through April 1, 2005 to assist with the transition to the new CFO,
and will also remain as a consultant to Sybron for a period of at
least one year. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001204/SDSLOGO) Mr. Pitz, 44,
joins Sybron from Universal Electronics Inc. (NASDAQ:UEIC), a
leading wireless technology developer, where he served as Senior
Vice President and Chief Financial Officer since November 2003. In
this position, Mr. Pitz helped lead UEI through a period of
significant financial growth, while also overseeing the Company's
Sarbanes-Oxley compliance efforts. Prior to UEI, Mr. Pitz served as
Vice President of Finance for Corning Incorporated's worldwide
frequency control operations. Mr. Pitz joined Corning Incorporated
as a result of its acquisition of Oak Industries in 2000, where he
served as Vice President of Finance, North America. From 1983 to
1998, Mr. Pitz held a variety of financial and operating positions
at Motorola in the United States and China. Mr. Pitz holds an MBA
from the University of Chicago and a Bachelors of Science degree
from Northern Illinois University. "We are very pleased to welcome
Bernie to the Company," said Floyd W. Pickrell, Jr., Chief
Executive Officer of Sybron Dental Specialties. "He has a wealth of
experience managing the financial activities of manufacturing
companies with global operations and an exceptional track record of
helping to generate profitable growth. Bernie also has an excellent
M&A background that will be valuable as we continue to utilize
strategic acquisitions as a core element of our growth strategy."
Mr. Pitz commented, "I am very pleased to join Sybron at a time
when the Company has excellent momentum. Over the past few years,
the Company has strengthened its position in its core dental and
orthodontic markets, while making strong inroads into newer markets
such as endodontics and dental implants. Sybron has also made
exceptional progress in improving its working capital management
and strengthening its balance sheet, and these will remain top
priorities for the Company. I look forward to working with the rest
of the management team to help Sybron capitalize on the strong
growth opportunities available and taking the Company to the next
level." Mr. Pickrell concluded, "We are very appreciative for the
many years of outstanding service that Greg Waller provided to
Sybron, and we wish him well in his retirement. We are pleased that
he will remain involved with the Company in his role as a
consultant." CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Statements made in this press release regarding future matters are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements, including those dealing with the Company's expectations
as to its future growth, acquisition strategy, and market
opportunities are based on the Company's current expectations. Our
actual results may differ materially from those currently expected
or desired because of a number of risks and uncertainties,
including the level of demand for the Company's products;
regulatory compliance; currency fluctuations; distributor inventory
adjustments; the intensity of competition; and other factors
affecting the Company's business and prospects discussed in the
filings made by the Company, from time to time, with the SEC
including the factors discussed in the "Cautionary Factors" section
in Item 7 of the Company's most recent Annual Report on Form 10-K
and its periodic reports on Form 10-Q. We undertake no obligation
to publicly update any forward-looking statement, whether as a
result of new information, future events or otherwise. BUSINESS
DESCRIPTION Sybron Dental Specialties and its subsidiaries are
leading manufacturers of a comprehensive line of consumable general
dental and specialty products for the orthodontic, endodontic,
implant and infection prevention markets worldwide.
http://www.newscom.com/cgi-bin/prnh/20001204/SDSLOGO
http://photoarchive.ap.org/ DATASOURCE: Sybron Dental Specialties,
Inc. CONTACT: Gregory D. Waller, Chief Financial Officer of Sybron
Dental Specialties, Inc., +1-714-516-7400 Web site:
http://www.sybrondental.com/
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