Health Care 2024: EDWARD A. PESICKA

Fortune 500 health care logistics and supply company Owens & Minor is in the process of moving its headquarters to Henrico’s Innsbrook Corporate Center after selling its Mechanicsville building to the Virginia Department of Transportation for $33.5 million. 

Pesicka, who became the company’s chief executive in 2019, announced in 2023 an “operating model realignment program” to increase profits and reduce costs, and the company later laid off 61 workers in Massachusetts. Owens & Minor reduced net debt by $577 million last year, while also reporting revenue of $10.3 billion. That’s an increase from $9.95 billion in 2022. Pesicka’s total compensation was about $8.4 million in 2023.

In June, Owens & Minor reported in a securities filing that its chief financial officer, Alexander Bruni, resigned at the company’s request and would depart in early September. The reason was not publicly disclosed. And in July, the company entered an agreement to acquire Florida home-based care business Rotech Healthcare Holdings for $1.36 billion in cash.

Pesicka spent 15 years at Thermo Fisher Scientific, where he served in several leadership roles.

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