Cantel Medical Corp. Announces Management Changes
April 25 2008 - 8:30AM
Business Wire
CANTEL MEDICAL CORP. (NYSE:CMN) announced the resignation of
President and CEO R. Scott Jones, effective as of Tuesday, April
22, 2008. Concurrently, the Board created the Office of the
Chairman and promoted COO and Executive Vice President Andrew A.
Krakauer to President and a member of the Office of the Chairman.
The newly created Office of the Chairman will include Mr. Charles
M. Diker, Chairman of the Board, Mr. Krakauer and Seth R. Segel,
Senior Vice President � Corporate Development of the Company. Mr.
Krakauer has served in his current role at Cantel since November
2004. Prior to joining Cantel, he served as President of the Ohmeda
Medical Division of Instrumentarium / GE Healthcare. Before being
named President of Ohmeda Medical in 1998, Mr. Krakauer served
Ohmeda or its predecessor companies as President of the Specialty
Products Division and Business Development from 1994 through 1998,
General Manager of the Suction and Oxygen Therapy and Infant Care
businesses from 1988 through 1994, and in a series of financial and
business development positions from 1980 through 1987. Mr. Krakauer
holds an MBA from University of Chicago and a BA from SUNY at
Binghamton. Mr. Segel has served in his current role at Cantel
since November 2002. From May 1999 through October 2002, he served
in various management positions at Jupiter Media Metrix, Inc., a
provider of global market research. Mr. Segel holds an MBA from
Harvard University and a BA from the University of Pennsylvania.
Mr. Diker said, �Andy has done an outstanding job as COO,
particularly in the creation and advancement of our Mar Cor
Purification Division and the growth of our Specialty Packaging
Division. He was also a key participant in the acquisition and
integration of Crosstex International. We are highly confident in
Andy�s ability to grow our core infection prevention and control
businesses and to help us expand through acquisitions and other
growth opportunities. While Andy has extensive operating
experience, Seth has done an outstanding job at Cantel with
acquisitions over the past five years. In addition to his
responsibilities in corporate development, he will have added
responsibilities in strategic planning, operations and investor
relations.� �We thank Scott for the contributions he has made to
the Company and wish him the best in his new ventures,� said Mr.
Diker. �During his tenure, the Company completed five acquisitions
and achieved strong revenue growth. We are fortunate to have in
place a core executive team � which in addition to Messrs. Krakauer
and Segel includes Craig A. Sheldon, our CFO and Senior Vice
President, and Eric W. Nodiff, our General Counsel and Senior Vice
President � who possess the strengths we need to continue the
growth of the Company. This team has broad business experience,
strategic orientation, exceptional leadership skills, and a strong
focus on performance. We will work together to further develop our
core infection prevention and control businesses while exploring
growth opportunities through product expansion and acquisitions.�
About Cantel Medical Corp. Cantel Medical Corp. (NYSE:CMN) is a
leading provider of infection prevention and control products in
the healthcare market. Cantel's products include specialized
medical device reprocessing systems for renal dialysis and
endoscopy, dialysate concentrates and other dialysis supplies,
disposable infection control products primarily for the dental
industry, water purification equipment, sterilants, disinfectants
and cleaners, hollow fiber membrane filtration and separation
products for medical and non-medical applications, and specialty
packaging for infectious and biological specimens. Cantel also
provides technical maintenance for its products and offers
compliance training services for the transport of infectious and
biological specimens. For further information, visit the Cantel
website at http://www.cantelmedical.com.
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