Henry Schein has named Frederick Lowery as its next CEO, effective March 2, it announced Jan. 13.
It also outlined a compensation package it tied primarily to earnings performance and strategic execution as the company continues to expand its digital and B2B capabilities.
Lowery will succeed Stanley Bergman, who will step down after 35 years as CEO. Bergman will remain chairman of the board. Lowery will also join Henry Schein’s board upon assuming the role.
The leadership change comes as Henry Schein continues to invest in digital ordering, ecommerce tools and integrated supply chain systems for dental and medical practices. The company has positioned those platforms as central to improving procurement efficiency and customer experience on its B2B channels.
About new Henry Schein CEO Lowery
Lowery most recently served as executive vice president and president of Laboratory Products and BioProduction at Thermo Fisher Scientific. There, he led the Fisher Scientific distribution business. His responsibilities included distribution operations, owned brands, manufacturing, R&D, marketing and sales. Henry Schein said that experience aligns with its distribution-led, digitally enabled business model.
“I am honored to join Henry Schein at such a pivotal moment,” Lowery said.
Under his employment agreement, Lowery will receive a base salary of $1.25 million and a target annual bonus of at least 150% of salary under the company’s incentive plan. For fiscal 2026, bonus performance will be weighted 70% to earnings per share and 30% to the company’s strategic scorecard, with a maximum payout of 175% of target. The target bonus for 2026 is no less than $1.875 million.
Lowery will also be eligible for annual equity awards. For fiscal 2026, those awards will have a target grant-date value of $10 million. In addition, Lowery will receive a one-time cash bonus of $1.184 million and a $2.5 million sign-on equity award in restricted stock units vesting over three years. Henry Schein will also reimburse relocation expenses of up to $500,000, the company said in a new filing with the U.S. Securities and Exchange Commission.
The agreement provides severance protections under Henry Schein’s executive plans, including cash severance tied to salary and prior bonus levels, prorated incentives and equity treatment, with enhanced benefits in the event of a change in control, subject to plan terms.
Bergman said Lowery’s operational background positions him to lead the company’s next phase. Board members cited his experience across commercial, logistics and manufacturing operations. Investor KKR, which has a board representative at Henry Schein, also backed the appointment.
Lowery previously held leadership roles at Maytag Corp. and General Motors. He holds a master’s degree in manufacturing management from Kettering University and a bachelor’s degree in mechanical engineering from Tennessee Technological University.
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