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Incoming Harvard president to leave Schein board, citing time demands

Lawrence S. Bacow will serve on the Henry Schein board through the annual meeting; Shira Goodman, a former Staples CEO, was nominated to be a director.

Lawrence S. Bacow speaks after being introduced Feb.

Lawrence S. Bacow speaks after being introduced Feb. 11, in Cambridge, Mass., as the 29th president of Harvard University. Photo Credit: AP

Lawrence S. Bacow, the incoming president of Harvard University, will be leaving the board of directors of Henry Schein Inc., the Melville company disclosed Monday.

A government filing said Bacow informed the company of his decision on Thursday, citing the “time commitment” of his new role in deciding not to stand for re-election to the board of directors.

The decision by Bacow, who was appointed to the board in December 2014, was not related to any disagreements with the company's "operations, policies or practices," the Securities and Exchange Commission filing said.

On Friday, Henry Schein’s board approved Shira Goodman, former chief executive of Staples Inc., as a new nominee for the board of directors. Goodman was Staples interim chief executive from June 2016 to September 2016 and chief executive until January 2018. She was replaced four months after the office products retailer was taken private in a leveraged buyout by Manhattan private equity firm Sycamore Partners.

Bacow will become Harvard’s 29th president on July 1, succeeding Drew Gilpin Faust, Harvard’s first female president. Bacow, who served as president of Tufts University for a decade, currently is the Hauser Leader-in-Residence at the Harvard Kennedy School of Government’s Center for Public Leadership. Before becoming president at Tufts, Bacow was on the faculty of the Massachusetts Institute of Technology for 24 years.

Henry Schein, a distributor of products to the offices of dentists, veterinarians and doctors, is Long Island’s largest public company based on revenue.

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