Patterson Companies fires CEO in wake of second straight annual profit drop

Scott Anderson, CEO and chairman of Saint Paul, Minn.-based Patterson Companies, stepped down Thursday from the role he held since 2010, according to the Minneapolis Star-Tribune.

 

The move comes in the wake of the medical supplier's second consecutive year of profit loss. According to Jeff Johnson, an analyst with Robert W. Baird & Co., Patterson's fourth quarter reports demonstrate the weakest quarter of dental supply sales in company history.

James Wiltz, who served as CEO and presidentfrom 2005 to 2010, will serve as the interim CEO while Patterson searches for a permanent replacement.

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