Drive taps Bob Size as new CEO

PORT WASHINGTON, N.Y. - Drive DeVilbiss Healthcare CEO Bob Gilligan has stepped down, the company announced today.

Drive's board of directors has appointed former Dentsply Sirona executive Robert Size as its new CEO. He will assume day-to-day leadership of the company and will also join the board.

“We thank Bob Gilligan for his leadership and valuable contributions to Drive,” said John Compton, chairman of the board. “We are confident that Bob Size will lead Drive into a phase of further growth and customer satisfaction.”

Size comes to Drive after serving in various executive leadership roles at Dentsply Sirona, a supplier of dental materials and equipment, over the past 15 years. At Dentsply, he had enterprise-wide executive and operating responsibilities, as well as manufacturing operations and sales responsibilities in the United States and Europe.

Prior to Dentsply, Size served as CEO and president of Superior MicroPowders and held various cross-functional and international leadership positions at Cookson Group PLC.

“I am incredibly excited to assume this role and for the future of the company,” he said.

Drive recently received $35 million in new capital, along with a reduction in cash debt service obligations from its current lenders of about $100 million over the next two and a half years.

Prior to the transaction, the Wall Street Journal had reported that Medical Depot, which operates Drive, had begun restructuring talks with its senior lenders on $600 million in debt.

Drive has been owned by Clayton, Dubilier & Rice, a New York-based private equity firm, for the past three years.