Owens & Minor Inc. (NYSE: OMI) has appointed Jonathan Leon as executive vice president and CFO.
Leon, who has been with the company since 2017, had previously been serving as interim CFO since June 2024. He will continue to manage his responsibilities as corporate treasurer until a successor is found, Owens & Minor said in a press release.
This leadership change comes as Owens & Minor accelerates its strategies to support both hospital and home health-care initiatives. Owens & Minor acquired Apria in early 2022, a provider of home medical equipment (HME), including respiratory therapy, sleep apnea treatment, negative pressure wound therapy, and home delivery of durable medical equipment (DME).
The Indianapolis, Indiana-based company serves more than 2 million patients annually.
Leon’s leadership is expected to guide Owens & Minor through its next phase of development, which will likely have a direct impact on its HME operations through Apria.
“His extensive knowledge of the health-care sector, financial acumen, established relationships with investors, and proven leadership capabilities will be invaluable as we continue our progress toward achieving our long-term goals outlined at our recent Investor Day,” Owens & Minor CEO Edward Pesicka said in the press release.
Before joining Owens & Minor, Leon spent 18 years at The Brink’s Company, where he served as treasurer, and in several related investor relations and corporate finance roles.
Having a committed financial leader in place will undoubtedly go a long way in helping Owens & Minor hit its lofty monetary goals.
Owens & Minor is pushing to turn its patient-direct segment into a $5 billion business, in terms of revenue, by 2028. The company reported second-quarter 2024 revenue of about $2.67 billion.
One of the most recent highlights for Owens & Minor: its $1.36 billion acquisition of Rotech Healthcare Holdings in July.
