Henry Schein announces retirement of CAO and appointment of new COO

Gerald A, Benjamin (Image: Business Wire)

Henry Schein has announced the retirement of their executive vice-president and CAO, Gerald Benjamin, from 1 Jul 2022 onwards.

After 34 years in the company, Benjamin will also retire from Henry Schein’s Board of Directors at the end of his current term in May, although he will remain an adviser to the company, according to Henry Schein’s press release.

Benjamin was responsible for developing and expanding the company’s supply chain system, which includes the management of approximately 5.6 million sqft of properties around the world, consisting of 27 distribution centres, offices, showrooms, manufacturing, and sales space around the world.

His work contributed to Henry Schein’s financial success, whose sales have grown at a compound annual rate of approximately 12.5% since it became a public company in 1995.

“We are pleased that Gerry — who coined the term ‘Team Schein’ and contributed so much to advancing the values and culture of the company — will remain a member of Team Schein as an adviser following his retirement. On behalf of the board of directors and Team Schein, I would like to thank Gerry for his leadership and dedication to the Company,” said Stanley Bergman, chairman of the board and CEO of Henry Schein.

Benjamin commented: “I am honoured to have worked alongside Stan, the board of directors, the company’s executive management committee members, and my fellow Team Schein members to help grow this organisation. I will miss my daily interactions with Team Schein, and I am confident that Stan, Michael, and our Team Schein members will continue to advance our philosophy of ‘doing well by doing good’.”

In conjunction with Benjamin’s retirement, Michael Ettinger will be promoted to executive vice-president and COO, effective 1 Jul 2022, reporting to Bergman.

Michael S. Ettinger (Image: Business Wire)

Ettinger joined Henry Schein in 1994 and has served as senior vice-president, corporate and legal affairs, and secretary since 2013, and chief of staff since 2015, responsible for the company’s corporate affairs, communications, legal, compliance, regulatory, and security functions.

Prior to his current position, he served as the company’s general counsel. The organisational changes announced today reflect the implementation of the company’s succession plan for members of its senior corporate, shared services, and administrative teams.

“Since Michael joined our company in 1994, he has established a well-deserved reputation for integrity, judgment, and wise counsel,” said Bergman. “I am confident in Michael’s talents, calm and steady leadership style, and huge respect for and credibility among all those who have had the pleasure of working with him.”

“I am honoured to have the opportunity to work alongside this exceptional leadership team and to build upon their extraordinary achievements,” said Ettinger.