PRESS RELEASE DATED OCTOBER 13, 1999
Published on October 14, 1999
For Immediate Release
Contact: Investor Relations: R. Jasper, 201-847-7160
Press Relations: C. Jenkins, 201-847-5369
BD Announces Chief Financial Officer Is Leaving the Company;
External Search for Replacement Underway
Franklin Lakes, NJ (October 13, 1999) -- Becton, Dickinson and Company
("BD") today announced that Kenneth R. Weisshaar, Senior Vice President and
Chief Financial Officer, is leaving the Company to pursue other interests after
11 years of distinguished service. The Company has launched an external search
for a new chief financial officer.
Clateo Castellini, Chairman of the Board and Chief Executive Officer,
confirmed that the Company is finalizing its year-end audited financial
statements and expects results for the quarter and year ended September 30, 1999
to be in line with expectations. Mr. Castellini further confirmed that the
Company intends to announce its earnings on November 4, 1999.
BD manufactures and sells a broad range of medical supplies and devices and
diagnostic systems for use by health professionals, medical research
institutions, industry and the general public. For the fiscal year ended
September 30, 1998, BD reported total revenues of $3.1 billion and net income of
$236 million.
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This press release may contain certain forward-looking statements (as defined
under Federal securities laws) regarding BD's performance, including future
revenues, products and income, or events or developments that BD expects to
occur or anticipates occurring in the future. All such statements are based upon
current expectations of BD and involve a number of business risks and
uncertainties. Actual results could vary materially from anticipated results
described in any forward-looking statement. Factors that could cause actual
results to vary materially from any forward-looking statement include, but are
not limited to, competitive factors, changes in regional, national or foreign
economic conditions, changes in interest or foreign currency exchange rates,
delays in product introductions, Year 2000 issues, and changes in health care or
other governmental regulation, as well as other factors discussed herein and in
BD's filings with the Securities and Exchange Commission.