Bergen Brunswig President Resigns.ORANGE, Calif.--(BUSINESS WIRE)--Sept. 8, 1995--Bergen Brunswig Corporation (NYSE NYSE See: New York Stock Exchange :BBC BBC in full British Broadcasting Corp. Publicly financed broadcasting system in Britain. A private company at its founding in 1922, it was replaced by a public corporation under royal charter in 1927. ) Friday announced that it has accepted the resignation of President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Dwight Steffensen. Steffensen, who came to Bergen in 1985 with the acquisition of Synergex, has served in his current capacity since 1992. Mr. Steffensen will continue in his duties through mid-October and remain a member of the Board of Directors. Robert E. Martini, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , will assume Mr. Steffensen's role on an interim basis until a successor has been named. "Dwight Steffensen has contributed significantly to Bergen's growth since joining the Company," said Robert E. Martini, Chairman and CEO. "We will miss Dwight's leadership, but respect him for his decision and we wish him well in his new endeavors." Steffensen commented, "After many exciting and challenging years at Bergen, I have decided to leave to pursue other opportunities. This decision has not been an easy one for me because of the strong relationships with Bergen associates, customers and suppliers, but I am confident the Company's current leadership will propel its growth for years to come and keep Bergen on the cutting edge of technological advances for this industry." Bergen Brunswig Corporation, a Fortune 500 Company with annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues in excess of $8.5 billion, is the nation's largest supplier of pharmaceuticals to the managed care market and the second largest wholesaler to the retail pharmacy market. Additionally, Bergen is the only pharmaceutical distributor that also supplies medical and surgical products on a national basis. Bergen's specialty wholesaling division, Alternate Site Distributors, furnishes pharmaceuticals and oncology products to clinic and physician accounts. CONTACT: Bergen Brunswig Corporation, Orange Lisa Riordan, Director, Investor Relations Investor relations The process by which the corporation communicates with its investors. , 714/385-4079 |
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