Dentsply Sirona Names Mark Thierer Interim CEO; Reiterates Adj. EPS Guidance

(RTTNews) - Dentsply Sirona Inc. (XRAY) announced the appointment of Mark Thierer as Interim CEO and Bob Size as Interim President and Chief Operating Officer. Eric Brandt was elected as Non-Executive Chairman of the Board. The Board has accepted resignations from Bret Wise, Executive Chairman; Jeffrey Slovin, Chief Executive Officer and Director; and Christopher Clark, President and Chief Operating Officer. The Board also initiated a search process to identify a permanent CEO and COO.

Dentsply Sirona reiterated its adjusted earnings per share guidance for 2017 announced on August 9, 2017 of $2.65 to $2.75 per diluted share.

Dentsply Sirona's Board also approved an amendment and restatement of the company's by-laws that, among other things, eliminated certain of the governance provisions adopted in connection with the merger that created Dentsply Sirona, including the supermajority voting requirements related to adopting certain amendments to the by-laws and corporate governance guidelines/policies and taking specified actions with respect to executive officers, and removed the position of lead independent director. The Board also approved the reduction in the size of the Board from eleven to nine directors.