Henry Schein (Nasdaq:HSIC) announced that it is creating the Henry Schein Leadership Team (HSLT) to replace its Executive Management Committee. The company will also integrate its global supply chain organization with its global distribution group.
“I am pleased to announce a new leadership structure at Henry Schein that reflects an important evolution of our organization designed to help Henry Schein become simpler, prioritize and make decisions faster, better execute on our priorities and become an even more customer-centric organization,” Fred Lowery, Henry Schein’s CEO, said in a news release.
“By bringing our supply chain teams closer to the customers served by our distribution businesses and enabling direct management of our corporate functions, these changes will further expedite prioritization, accelerate decision making and advance efforts to simplify our operating model. Taken together, these changes will continue helping improve our company and position Henry Schein for even greater success,” Lowery continued.
In addition, Michael S. Ettinger, the company’s EVP and COO, Mark E. Mlotek, the company’s EVP and chief strategy officer, and James Mullins, the company’s SVP, Global Supply Chain, will transition out of their roles effective October 30, 2026. After that date, they will remain as senior advisors to the company.
This is the first major organizational restructuring under Lowery, who became CEO in March of this year. In April, Henry Schein downsized its board of directors from fifteen to 10 members after the 2026 annual meeting, when one board member retired and four more did not seek reelection.
Shares fell after the Thursday announcement, falling from a high of $86.04 to a low of $83.57, but rebounded to close at $85.17.
Henry Schein will report its second quarter earnings before market opening on Aug. 4.
