ST. PAUL, Minn. – Patterson Companies, Inc. (NASDAQ:PDCO), a provider of dental and animal health products, has appointed Pamela Tomczik to its Board of Directors. The announcement was made today, and the appointment is effective immediately. Ms. Tomczik, who is currently the Senior Vice President, Treasurer and Corporate Development of Target Corporation (NYSE:TGT), joins Patterson's board with a wealth of experience in finance, treasury, and mergers and acquisitions (M&A).
John D. Buck, Chairman of Patterson Companies, expressed enthusiasm about Ms. Tomczik's election to the board, highlighting her extensive experience and the diverse perspectives she brings. Her role on the Board’s Audit and Finance Committee is expected to contribute to the company's strategic planning and financial oversight.
The addition of Ms. Tomczik comes as the company decided to increase the number of its directors from nine to ten. Ms. Tomczik's background includes her tenure at Target since 2014, where she has played a pivotal role in overseeing the company's capital structure and shareholder distribution strategies, as well as leading acquisitions and partnerships. Prior to her time at Target, she held various leadership roles at Thomson Reuters (NYSE:TRI) and served as a corporate attorney.
Patterson Companies serves dental and animal health customers, offering a range of products and services in North America and the U.K. The company prides itself on its comprehensive portfolio and customer service. This board appointment is part of Patterson's ongoing efforts to drive customer value and improve shareholder returns.
The information in this article is based on a press release statement from Patterson Companies, Inc.
InvestingPro Insights
As Patterson Companies, Inc. (NASDAQ:PDCO) welcomes Pamela Tomczik to its Board of Directors, the company's financial health and strategic positioning are of particular interest to shareholders and potential investors. According to recent data from InvestingPro, Patterson Companies boasts a market capitalization of $2.79B, demonstrating its substantial presence in the dental and animal health markets. The company's P/E ratio stands at a moderate 14.47, with an adjusted P/E ratio over the last twelve months as of Q2 2024 at 14.14, indicating a fair valuation relative to its earnings.
InvestingPro Tips highlight that Patterson Companies has been proactive with its capital, as management has aggressively been buying back shares, a move often seen as a sign of confidence in the company's future prospects. Additionally, the company has maintained dividend payments for 15 consecutive years, showcasing a commitment to returning value to shareholders, which is reflected in its current dividend yield of 3.46%.
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