Henry Schein 2005 Annual Report Download - page 5

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areas. And we generated better working capital
management through improved turns in inventory and
days sales outstanding for accounts receivable.
Expansion and growth
The year was marked by new responsibilities for proven
Company leaders. After 25 years of service to the Company
with increasing responsibilities,
James Breslawski became Henry
Schein’s President and Chief
Operating Officer. Michael Zack,
who has overseen Henry Schein’s
international expansion and growth
to nearly one-third of overall sales in his 17 years with the
Company, recently was promoted to President of the
International Group. These promotions underscored the
depth of our core executive management team and were
just two of many well-deserved Team Schein professional
advancements. We also welcomed Paul Brons, a former
member of the Board of Management of Akzo Nobel NV,
to the Henry Schein Board of Directors.
As we focused on our growth strategy of pursuing strategic
acquisitions and joint ventures, Henry Schein continued to
expand around the world, welcoming more than 1,000 new
Team Schein Members to our Company during 2005. We
created the leader in Canada’s expanding market for dental
merchandise and equipment—Henry Schein Ash Arcona—
through our acquisition of Ash Temple Ltd.
On the other side of the globe, we firmly established our
Company as the leading dental distributor in Australia and
New Zealand by acquiring Halas Dental Ltd. and Shalfoon
Bros. Ltd. We further advanced our Pan-European strategy
during the year, and by the end of the year we had
completed our newly expanded global headquarters in
Melville, New York.
Social responsibility
Henry Schein distinguished itself in the area of social
responsibility during 2005 through numerous Henry
Schein Cares activities. We used our core competencies to
help aid disaster relief by shipping medical supplies to
Henry Schein distinguished itself
in the area of social responsibility
during 2005 through numerous
Henry Schein Cares activities.
James Breslawski