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Dentsply Sirona appoints interim CFO amid ongoing search for permanent replacement

Dentsply Sirona is searching for a new chief financial officer and has appointed Herman V. Cueto as interim chief of the company’s finances. (Image: Watchara Ritjan/Shutterstock)
Dental Tribune International

Dental Tribune International

Fri. 6. December 2024

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CHARLOTTE, N.C., US: Dentsply Sirona has named Herman V. Cueto as its interim chief financial officer (CFO), effective immediately. Cueto, a seasoned healthcare executive with more than 20 years of financial leadership, will oversee the financial organisation of the world’s largest manufacturer of professional dental products while a search for a permanent CFO is conducted.

Cueto joins Dentsply Sirona after serving as executive vice president and CFO at Azenta Life Sciences, a provider of life sciences solutions focused on sample management and genomic services, since October 2023. Prior to that, he was senior vice president of finance at medical device company Becton, Dickinson and Company (BD), where he managed financial operations for segments, regions, business planning and analysis, and operations. Cueto’s career at BD began after its 2017 acquisition of C.R. Bard, where he had held leadership roles for 14 years, including the roles of vice president and group CFO. Dentsply Sirona President and CEO Simon Campion and John P. Groetelaars, former interim CEO, also joined Dentsply Sirona from BD.

Herman V. Cueto brings extensive healthcare financial expertise. (Image: LinkedIn)

Herman V. Cueto brings extensive healthcare financial expertise. (Image: LinkedIn)

Campion expressed confidence in Cueto’s ability to lead the company’s financial operations: “Herman brings deep financial acumen, operational expertise and an understanding of the global healthcare sector. We are confident he will help our talented finance team remain focused on executing against our strategic priorities while we take the time necessary to thoroughly evaluate candidates for the permanent position.”

Cueto succeeds Glenn Coleman, who resigned in November to assume an executive position at healthcare improvement company Premier. Coleman had served as CFO since September 2022, after the departure of Jorge Gomez in May 2022.

Cueto’s appointment comes as the company navigates ongoing challenges, including a criminal investigation by German authorities into its intercompany loans. In November 2022, Dentsply Sirona completed an internal investigation into certain financial reporting matters, leading to revision of its third-quarter and full-year 2021 financial statements. Additionally, in October 2024, the company voluntarily suspended the sales and marketing of its Byte clear aligners and impression kits to review regulatory requirements, prompting multiple law firms to launch investigations into potential securities law violations.

More information about Dentsply Sirona can be found at www.dentsplysirona.com.

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