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Owens & Minor, Inc. (NYSE:OMI) announced that Snehashish Sarkar, the company’s executive vice president and chief information officer, has informed the company of his decision to resign. Sarkar will step down from his position effective September 26, 2025, to pursue a new opportunity with another company.
According to a statement made in a press release and filed with the Securities and Exchange Commission, Sarkar has served as chief information officer at Owens & Minor since joining the company in October 2022. The company noted that Sarkar built a global team during his tenure.
No further details regarding his successor or transition plans were provided in the filing. Owens & Minor is a supplier of medical, dental, and hospital equipment and supplies and is headquartered in Glen Allen, Virginia.
This information is based on a statement in a press release and a filing with the Securities and Exchange Commission.
In other recent news, Owens & Minor reported its second-quarter 2025 earnings, showing a mixed financial performance. The company posted earnings per share of $0.26, missing the forecasted $0.29 by 10.34%. Despite the earnings miss, revenue for the quarter increased by 3.3% year-over-year, reaching $682 million. UBS, a notable analyst firm, responded to these results by lowering its price target for Owens & Minor to $7.00 from $13.00, while maintaining a Buy rating. The firm highlighted concerns about near-term dis-synergies from the sale of Patient & Healthcare Services and the impact of losing Kaiser on 2026 EBIT. UBS estimates that proceeds from the P&HS sale could be around $700 million, potentially helping Owens & Minor reduce its debt. These developments reflect the challenges and opportunities facing the company in the current financial landscape.
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