Fresenius Medical Care AG & Co. KGaA (FMS), a unit of German healthcare firm Fresenius SE & Co. KGaA (FSNUF.PK, FSNPF.PK), on Monday said its Supervisory Board appointed Ronald (Ron) Kuerbitz as the Chief Executive of North American unit, with effect from January 1, 2013.
Kuerbitz will succeed Rice Powell as part of the company's succession plan to ensure a smooth transition of leadership in North America. As announced in March, Powell, the current CEO of US unit, will assume the role of Fresenius Medical Care's CEO and Chairman of the Management Board, effective January 1.
The world's largest provider of dialysis products and services noted that Kuerbitz currently serves as Executive Vice President responsible for Market Development and Administration for the North American unit.
Kuerbitz joined Fresenius Medical in 1997 to lead its corporate development function and was later named as the division's General Counsel and Chief Administrative Officer.
Since 2011, Kuerbitz has served as Chairman of Kidney Care Partners in Washington D.C., a coalition of patient advocates, dialysis professionals, care providers and device and pharmaceutical manufacturers.
Ulf Mark Schneider, Chairman of the Supervisory Board of Fresenius Medical, said, "Ron has made outstanding contributions to the success of Fresenius Medical Care over the years. With his superb understanding of the strategic and regulatory opportunities and challenges ahead of us, Ron's leadership will ensure the continued success of the company. We are looking forward to working with him in his new role."
On Frankfurt's Xetra, Fresenius Medical shares are currently trading at 56.03 euros, up 0.20 euros or 0.36 percent. In the U.S., shares settled on Friday at $72.86, down $1.28 or 1.73 percent.
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