Sirona Dental’s Board Approves CEO Succession While Trading at 52-Week Highs

Sirona Dental System (NASDAQ:SIRO) announced that their board of directors has unanimously approved a succession plan for the company’s Chief Executive Officer. Effective February 20, 2013, Jeffrey T. Slovin will be promoted to CEO. Mr. Slovin will succeed Jost Fischer. As of February 20, 2013, Mr. Fischer will retire and relinquish his positions as CEO and Chairman of the Board. Thomas Jetter, a current member of Sirona’s Board of Directors, will assume the role of Non-Executive Chairman of the Board upon Mr. Fischer’s retirement. Effective today, as part of the succession plan, Rainer Berthan is promoted to Executive Vice President responsible for the Company’s business segments. Slovin has served as Sirona’s President since September 20, 2010 and, before to that time, as Executive Vice President and Chief Operations Officer of United States Operations. Their shares closed at $61.39, up $4.32 or 7.57% on the day. They have traded in a 52-week range of $39.15 to $59.50.

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