(RTTNews) - Tuesday, Patterson Companies, Inc. (PDCO:
News ), a distributor serving dental, companion-pet veterinarian, and rehabilitation supply markets, said its president and chief executive officer, James Wiltz, will retire at the end of the current fiscal year as of April 24, 2010. The company named Scott Anderson, currently president of Patterson Dental Supply, Inc. subsidiary, as Wiltz's successor.
Anderson, who has worked with Patterson since 1993, became president of Patterson Dental Supply, Patterson's largest business, in June 2006. Prior to that he held senior management positions in the dental unit, including vice president, sales, and vice president, marketing.
Patterson expects to name a new president for its dental business within the next few months.
Wiltz, who remains on the board of directors, will be working with Anderson between now and the end of fiscal 2010 to ensure a smooth management transition.
PDCO closed Tuesday's regular trading at $26.71, up 0.08 or 0.30, on a volume of 1.09 million shares on the Nasdaq. In after hours, the stock further gained 0.01 or 0.04%, trading at $26.72.
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by RTT Staff Writer
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