BREA, Calif. - Envista Holdings Corporation (NYSE: NYSE:NVST), a major player in the dental products industry, announced the appointment of Paul Keel as its new Chief Executive Officer, starting May 1, 2024. Keel, who also joins the company's Board of Directors, will take over from Amir Aghdaei, who is set to continue as a senior advisor to ensure a smooth transition.
Paul Keel comes to Envista with a robust background in leadership roles across several industries. He most recently served at Smiths Group (OTC:SMGZY) plc, a global technology company listed on the FTSE 100. His previous experience includes 16 years at 3M, where he held various positions including Group President of the Consumer Business Group and President of 3M Medical and 3M's Specialty Dental business.
Keel's career also includes tenure at GE, McKinsey & Company, and General Mills (NYSE:GIS). He is an alumnus of Carleton College and holds an MBA from Harvard Business School.
Scott Huennekens, chairman of Envista, expressed confidence in Keel's ability to drive growth and operational excellence, citing his experience in the medical and oral care markets. Keel himself expressed honor in leading Envista and emphasized his commitment to stakeholders, including customers, patients, colleagues, communities, and shareholders.
Envista is known for its portfolio of over 30 trusted dental brands such as Nobel Biocare, Ormco, DEXIS, and Kerr. The company's offerings span dental consumables, solutions, technology, and services, aiming to partner with dental professionals to improve patient care.
Their products range from dental implants to digital imaging technologies, addressing a broad spectrum of clinical needs. Envista's foundation is built on the Envista Business System (EBS) methodology, a culture of continuous improvement, and a focus on innovation and customer engagement.
This leadership change comes at a time when Envista is positioning itself to further digitize, personalize, and democratize dental care. The information regarding Paul Keel's appointment is based on a press release statement from Envista Holdings Corporation.
InvestingPro Insights
As Envista Holdings Corporation (NYSE: NVST) welcomes Paul Keel as its new CEO, the company's financial metrics and market performance provide additional context for investors considering the impact of this leadership transition. Here are some key insights based on real-time data from InvestingPro:
InvestingPro Data:
- Market Cap (Adjusted): $3.29 billion
- P/E Ratio (Adjusted) last twelve months as of Q4 2023: 29.48
- Revenue last twelve months as of Q4 2023: $2.566 billion
InvestingPro Tips:
- Analysts have revised their earnings downwards for the upcoming period, which could be an important consideration for investors looking at the company's future performance.
- Despite not being profitable over the last twelve months, analysts predict that the company will turn a profit this year, indicating potential for growth under the new leadership.
With these insights in mind, investors may want to explore further tips available on InvestingPro. There are additional tips listed for NVST, providing a more comprehensive analysis that could help in making informed investment decisions. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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