LINCOLN, Mass., Oct. 5, 2018 /PRNewswire/ -- The Center for
Higher Ambition Leadership (CHL) has awarded Henry Schein, Inc. (Nasdaq: HSIC) its
inaugural Higher Ambition Company of the Year Award in recognition
of the company's commitment to proving that business can be a force
for good. The award was presented to Henry
Schein's Chairman of the Board and CEO, Stanley M. Berman, at a CEO member dinner on
Wednesday hosted by CHL in New
York.
CHL is a growing community of purposeful leaders working
together to advance the practice and performance of leaders with a
higher ambition. CHL supports members in building leadership and
organizational capabilities to sustainably deliver superior
economic and social value.
The Company of the Year award will be presented annually to
organizations that exemplify CHL's mission and demonstrate:
- a track record of delivering sustained value for their
stakeholders;
- that higher ambition leadership and practices are core to their
culture and demonstrated at every level; and
- leadership among peers and a commitment to creating and sharing
practices that others can learn from and apply to their
organizations and the greater good.
"In the competitive field of health care products and services
distribution, Henry Schein stands
out," said CHL Board Director Ed
Ludwig. "Team Schein demonstrates higher ambition values and
practices in every facet of their business. Most notably, they have
an intense commitment to building strong, trust-based relationships
with all of their stakeholder groups—from employees to customers to
suppliers to the communities around them—all while delivering
consistent financial results over the long term and much more,"
Ludwig continued.
With more than one million customers, more than 22,000
employees—known as Team Schein Members—and $12.5 billion in sales in 2017, Henry Schein is recognized for consistent,
outstanding performance—and for "doing well by doing good."
Highlights:
- Market cap growth from approximately $300 million in 1995 to approximately
$13.3 billion today, representing a
CAGR of 18 percent.
- Named a FORTUNE® "World's Most Admired Company" for
17 consecutive years, one of the "World's Most Ethical Companies"
by the Ethisphere Institute annually since 2012, and most recently
to FORTUNE's "Change the World" list, an annual ranking of
companies that are "doing well by doing good."
- Clear demonstration of the purpose and mission of Henry Schein across the organization at all
levels.
- Committed leadership of a multitude of local and global social
impact initiatives through Henry Schein Cares, the company's global
corporate social responsibility program. Henry Schein Cares focuses
on a range of priorities, including expanding access to care,
promoting wellness and prevention, disaster preparedness and
relief, capacity building, and environmental sustainability.
- Engagement of the company's team, supplier partners, and
customers to participate in innovative public-private partnerships
that create shared value for society and enhance access to health
care for underserved and at-risk populations.
- Robust organizational leadership development training programs
for Team Schein Members at all levels of the company and around the
world.
- A founding member of the Center for Higher Ambition Leadership,
consistently sharing higher ambition best practices with other
members in many forums, including hosting a 2017 CHL Learning Visit
in Indianapolis.
"It is truly an honor to accept this award on behalf of the more
than 22,000 Team Schein Members in 34 countries around the world,"
Mr. Bergman said. "There is no question that the road to
Henry Schein's long-term success
over the past 86 years has been paved by our ability to develop
deep, trust-based relationships with each of our five
constituencies: Our Team, our Customers, our Supplier Partners, our
Investors, and Society. This notion of 'doing well by doing good'
really does work, and CHL has provided an exceptional community of
like-minded companies to learn from and share our experiences with.
We continue to be inspired by other CHL members, and especially by
our collective ability to create shared value for our society and
our world."
"We are pleased to honor Stanley
Bergman and Henry Schein as a
leader in the Higher Ambition movement," said Russ Eisenstat, Executive Director, Center for
Higher Ambition Leadership. "Team Schein is at the forefront of a
growing global movement of leaders committed to building great
companies that sustainably deliver superior economic and social
value. We hope Henry Schein's
success will inspire others to raise their level of ambition for
the positive contribution their companies can make."
Henry Schein's senior leadership
is directly involved in the work of CHL, and they trace the
Company's performance to the values and behaviors that CHL espouses
among its members.
"Henry Schein's success directly
reflects our commitment to serving the needs of all of our
constituencies," said James
Breslawski, President and Vice Chairman. "Each is as
important as the next, and we strive to balance their interests as
we pursue our goal of doing well by doing good."
"No organization can be successful without a strong culture, and
we believe our unique Team Schein culture is essential to our
success," said Gerald Benjamin,
Executive Vice President and Chief Administrative Officer. "As a
team, we are committed to each other in serving the larger cause of
'helping health happen'."
"Our shareholders understand that providing a solid return on
their investment is a function of balancing the interests of our
Mosaic of Success," said Steven
Paladino, Executive Vice President and Chief Financial
Officer. "By satisfying each constituency, we are best able to
deliver the consistent performance that investors value."
"A balanced portion of our growth stems from the successful
investments and acquisitions we have made the past twenty years,
and each investment starts with culture," said Mark Mlotek, Executive Vice President and Chief
Strategic Officer. "People are one of the most important assets in
any organization. When we consider new investments, we begin by
getting to know the people very well. This takes time, but it is
time well spent because it makes for a more successful
investment."
"As Stan likes to say, it's all about people and always about
people," said Lorelei McGlynn,
Senior Vice President and Chief Human Resources Officer.
"Organizations that truly care for their people succeed in the long
run, and that's one of the hallmarks of CHL's Higher Ambition
Leadership Institute (HALI). I am fortunate to have completed the
HALI program, and I am especially fortunate to be a Team Schein
Member."
Also attending the award dinner from Henry Schein were HALI graduates Peter McCarthy, President, Global Animal Health
Group, and Bob Minowitz, Senior Vice
President, Global Dental Merchandising and Business Operations.
CEO members of CHL nominate organizations to be considered for
Higher Ambition Leadership Company of the Year Award. The nominees
are reviewed, and the winner selected by the CHL Board of
Directors. Visit the CHL website (www.higherambition.org) to Read
More about Henry's Schein's higher ambition
practices.
About Henry Schein, Inc.
Henry Schein, Inc. (Nasdaq:
HSIC) is a solutions company for health care professionals powered
by a network of people and technology. With more than
22,000 Team Schein Members serving more than 1
million customers globally, the Company is the world's largest
provider of Business, Clinical, Technology, and Supply Chain
solutions to enhance the efficiency of
office-based dental, animal health,
and medical practitioners. The Company also
serves dental laboratories, government and institutional
health care clinics, and other alternate care sites.
A Fortune 500® Company and a member of
the S&P 500® and the Nasdaq 100® indexes,
Henry Schein's network of trusted
advisors provides health care professionals with the valued
solutions they need to improve operational success and clinical
outcomes. The Company offers customers exclusive, innovative
products and solutions, including practice management software,
e-commerce solutions, specialty and surgical products, as well as a
broad range of financial services. Henry Schein operates through a centralized and
automated distribution network, with a selection of more than
120,000 branded products and Henry
Schein private-brand products in stock, as well as more than
180,000 additional products available as special-order items.
Headquartered in Melville, N.Y., Henry Schein has operations or affiliates in 34
countries. The Company's sales reached a record $12.5
billion in 2017, and have grown at a compound annual rate of
approximately 15 percent since Henry
Schein became a public company in 1995. For more
information, visit Henry Schein
at www.henryschein.com, Facebook.com/HenrySchein,
and @HenrySchein on Twitter.
About the Center for Higher Ambition Leadership
The Center for Higher Ambition Leadership (CHL) is a growing
community of purposeful leaders working together to build higher
performing organizations and a better world. As a non-profit
organization, CHL members join forces to:
- Share and advance management practices that sustainably create
superior economic and social value;
- Develop the next generation of purposeful leaders; and,
- Activate and inspire our stakeholders and the larger world in
this work.
To learn more, visit: www.higherambition.org and follow CHL on
LinkedIn or @HigherAmbition on Twitter.
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SOURCE The Center for Higher Ambition Leadership