Glenn Coleman is leaving one Charlotte-based company – Dentsply Sirona – to join another – Premier. Both companies reported the changes in Securities and Exchange Commission filings on Tuesday.
Premier is a healthcare services company that acts as a group purchasing organization for 4,350 U.S. hospitals and healthcare systems and another 300,000 healthcare providers. Dentsply is the largest maker of professional dental products. Premier employs about 2,800 employees, while Dentsply employs 16,000. Dentsply has a market cap of about $4.9 billion, compared with $2.1 billion at Premier.
Coleman’s history with Dentsply Sirona began in September 2022. He will leave Dentsply on Nov. 7. Dentsply will use an executive search firm to find a new chief financial officer. Coleman was the third-highest paid Dentsply executive last year with total compensation of $3.9 million, according to its 2024 proxy.
Coleman will start with Premier on Nov. 11. Coleman will succeed Craig McKasson, who is retiring Dec. 31, and will serve as a strategic adviser for Premier through 2026. McKasson has been with the company for 27 years.
“I have long admired Premier for its technology innovations and commitment to improving healthcare cost and quality outcomes, and I am honored to be stepping into the role of chief administrative and financial officer at such an exciting time for the company,” says Coleman in a release.
Coleman has more than 30 years experience and led Dentsply’s finance and information technology divisions. Coleman previously held a vice president and chief operating officer position at Integra Lifesciences Holdings in Princeton, New Jersey. Coleman spent 25 years in financial management positions with global businesses, including Davidson-based Curtiss-Wright and Alcatel-Lucent. He began his career at PricewaterhouseCoopers.
With Premier, Coleman will receive a base salary of $700,000 annually, and be eligible for an annual incentive plan target award of 125% of his base salary and an annual equity award of up to 390% of his base salary. He’ll also receive restricted stock worth $3.6 million and an $800,000 sign-on bonus over two installments, with the second occurring March 31, according to the SEC filing.
Premier also named Crystal Climer the company’s principal accounting officer to succeed McKasson. Climer had been the company’s chief accounting officer,