Unexpected CEO Departure Doesn't Weaken Our Exemplary Stewardship Rating
On March 5 the board of directors at Cantel Medical announced an unexpected management change as it replaced former CEO Jorgen Hansen effective immediately. Current vice chairman of the board, George Fotiades, will replace Hansen with the stated goal of improving both the firm's organic and acquired growth trajectory. We intend to maintain our Exemplary stewardship rating, as the primary drivers of our assessment--savvy capital allocation, significant insider ownership, and well-aligned incentiv...Cantel Medical is a provider of infection prevention products and services in the healthcare market. The company has four segments: Medical, which designs, develops, manufactures, sells and installs products and services comprising a circle of infection prevention solutions; Life Sciences, which designs, develops, manufactures, sells, and installs water purification systems; Dental, which designs, manufactures, sells, supplies and distributes infection prevention healthcare products; and Dialysis, which designs, develops, manufactures, sells and services reprocessing systems and sterilants for dialyzers, as well as dialysate concentrates and supplies utilized for renal dialysis
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