Dentsply General Counsel Exits, Marking Fourth Resignation in Recent Weeks -- Update
October 16 2017 - 1:56PM
Dow Jones News
By Cara Lombardo
Dentsply Sirona Inc. said Monday that it has replaced its
general counsel, adding to speculation the company's interim CEO
could be building a permanent team.
Keith Ebling will replace former general counsel Jonathan
Friedman, who was the fourth executive to step down from the dental
supply company this month.
The company also named Nicholas Alexos to the newly created
position of chief administrative officer.
Both men also will serve as executive vice presidents and report
to interim Chief Executive Mark Thierer, who appears to be
refreshing the company's upper ranks, which suggests his role as
CEO could become permanent. A spokesman for the company declined
comment.
Mr. Ebling most recently was general counsel at Express Scripts
Holding Co., while Mr. Alexos comes from Madison Dearborn Partners
LLC, a private-equity firm he co-founded.
In his role as chief administrative officer, Mr. Alexos will
oversee treasury, information technology, business development,
strategic planning and investor relations.
Dentsply Sirona said earlier this month that it was searching
for a new chief executive and chief operating officer after three
of its top executives resigned.
The company, one of the world's largest makers of dental
products and equipment, has said the departures of CEO Jeffrey
Slovin, Executive Chairman Bret Wise, and President and Chief
Operating Officer Christopher Clark were "intended to better
position the company to achieve its potential." A person familiar
with the matter told The Wall Street Journal that directors forced
the men out amid lagging results following a $14.5 billion merger
of Dentsply International and Sirona Dental Systems in 2015.
The three men had assumed their most recent positions when the
merger closed in February 2016.
Mr. Friedman, who declined to comment, had been general counsel
of Sirona since 2007. The company accepted Mr. Friedman's
resignation Wednesday, according to a securities filing.
Earlier this month, Bob Size became Dentsply Sirona's interim
president and operating chief. Longtime board member Eric Brandt
took over as chairman.
The company said in August that it was cooperating with a
Securities and Exchange Commission probe about its accounting and
disclosures relating to transactions with a distributor. It said
none of the four resignations were related to the company's
accounting policies or practices.
Dentsply Sirona shares, up 2% this year compared to the S&P
500's 14% rise, were up 1.2% in recent trading.
Write to Cara Lombardo at cara.lombardo@wsj.com
(END) Dow Jones Newswires
October 16, 2017 13:41 ET (17:41 GMT)
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