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Chemed Corp (CHE.N)

CHE.N on New York Stock Exchange

318.13USD
22 Jun 2018
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Summary

Name Age Since Current Position

George Walsh

71 2009 Independent Chairman of the Board

Kevin McNamara

63 2001 President, Chief Executive Officer, Director

David Williams

56 2007 Chief Financial Officer, Executive Vice President

Spencer Lee

61 2002 Executive Vice President

Nicholas Westfall

38 2016 Executive Vice President

Michael Witzeman

46 2017 Principal Accounting Officer, Controller

Thomas Hutton

66 2006 Director

Joel Gemunder

77 1977 Independent Director

Patrick Grace

61 1996 Independent Director

Walter Krebs

84 2005 Independent Director

Andrea Lindell

73 2008 Independent Director

Thomas Rice

67 2009 Independent Director

Donald Saunders

72 1998 Independent Director

Frank Wood

74 2002 Independent Director

Biographies

Name Description

George Walsh

Mr. George J. Walsh, III, serves as an Independent Chairman of the Board of Chemed Corp. Mr. Walsh’s experience, qualifications, attributes and skills include serving as a partner with the law firm of Thompson Hine LLP, New York, New York. He has held this position since May 2002. Prior to this date, Mr. Walsh was a partner with the law firm of Gould & Wilkie LLP, New York, New York, and held this position since January 1979. Gould & Wilkie merged with Thompson Hine on May 1, 2002. Mr. Walsh was elected the Chairman of the Board of Directors in March 2009.

Kevin McNamara

Mr. Kevin J. McNamara is President, Chief Executive Officer, Director of the Company. Mr. McNamara’s experience, qualifications, attributes and skills include serving as President and Chief Executive Officer of the Company. He has held these positions since August 1994 and May 2001, respectively. Previously, he served as Executive Vice President, Secretary and General Counsel from November 1993, August 1986 and August 1986, respectively, to August 1994.

David Williams

Mr. David P. Williams is Chief Financial Officer, Executive Vice President of the Company. Mr. Lee is also Chairman and Chief Executive Officer of Roto-Rooter Services Company, a wholly owned subsidiary of the Company, and has held this position since January 1999. Previously, he served as a Senior Vice President of Roto-Rooter Services Company from May 1997 to January 1999.

Spencer Lee

Mr. Spencer S. Lee is Executive Vice President of the Company. Mr. Lee is also Chairman and Chief Executive Officer of Roto-Rooter Services Company, a wholly owned subsidiary of the Company, and has held this position since January 1999. Previously, he served as a Senior Vice President of Roto-Rooter Services Company from May 1997 to January 1999

Nicholas Westfall

Mr. Nicholas M. Westfall has been appointed as Executive Vice President of the Company, effective June 16, 2016. He is also Chief Executive Officer of VITAS, a wholly owned subsidiary of the Company, and has held this position since June 16, 2016. Previously, from May 2015 to June 15, 2016, he also served as Chief Operating Office of VITAS. Previously, he served as Senior Vice President of VITAS from April 2012 to April of 2015. Prior to that he served as Director of Information Technology and Operations for Chemed from May 2009 to April of 2012.

Michael Witzeman

Mr. Michael D. Witzeman is Principal Accounting Officer, Controller of the Company. Mr. Witzeman, has been an employee of the Corporation since 2005, originally serving as Assistant Controller. He was elected a Vice President in 2011. He holds a bachelor’s degree in accounting from the University of Cincinnati, and an M.B.A. from The Ohio State University, and is a licensed C.P.A.

Thomas Hutton

Mr. Thomas C. Hutton serves as Director of Chemed Corp. Mr. Hutton’s experience, qualifications, attributes and skills include serving as a Vice President of the Company. He has held this position since February 1988. Previously, Mr. Hutton, who has a J.D. and Master’s of Public Administration degree from Cornell University, practiced corporate law in New York concentrating in securities and regulatory law from 1977 to 1987. He served as a director of Omnicare from May 1983 to May 2001. Currently Mr. Hutton serves as a trustee on three private foundations including the Chemed Foundation.

Joel Gemunder

Mr. Joel F. Gemunder serves as an Independent Director of Chemed Corp. Mr. Gemunder’s experience, qualifications, attributes and skills include having served as President and Chief Executive Officer of Omnicare, Inc. Cincinnati, Ohio (healthcare products and services) (“Omnicare”). Omnicare, a Fortune 500 Company, is a leading provider of pharmaceutical and related services for seniors serving residents of skilled nursing, assisted living, and other healthcare facilities across the United States. He retired from these positions in August 2010, having served since May 1981 and May 2001, respectively. Omnicare is a former equity investee of the Company that became a publicly owned corporation in 1981 and has not been a Chemed affiliate since at least 1996. He is also a director of Ultratech Stepper, Inc. (advanced packaging and laser processing, San Jose, California) and was a director of Omnicare until his August 2010 retirement.

Patrick Grace

Mr. Patrick P. Grace serves as an Independent Director of Chemed Corp. Mr. Grace’s experience, qualifications, attributes and skills include serving in various executive positions at W.R. Grace & Co. from 1977 to 1995, most recently as President and CEO of Grace Logistics, Inc. From 1996 to present, he served as Chairman of the Grace Institute, New York, New York (workforce development for women). He was the co-founder and managing Principal of Apollo Philanthropy Partners, L.L.C., New York, New York (philanthropic advisory services) from 2008 to 2012. From 1996 to present he serves as President of MLP Capital, Inc. New York, New York, an investment holding company which has had several real estate and mining interests in the southeastern United States. Since 2008 he has served as Chairman of the board of KickStart International, a global anti-poverty organization. He also serves as a director of TONIX Pharmaceuticals, Inc. New York, New York (specialty pharmaceutical product development and commercialization). He earned a Master’s of Business Administration degree in finance from Columbia University.

Walter Krebs

Mr. Walter L. Krebs serves as an Independent Director of Chemed Corp. Mr. Krebs’ experience, qualifications, attributes and skills include having served as Senior Vice President-Finance, Chief Financial Officer and Treasurer of Service America Systems, Inc. (home and service warranties), a then-wholly owned subsidiary of the Company (“Service America”). We sold Service America in 2005. He retired from this position in July 1999, having held the position since October 1997. Previously, he was a Director-Financial Services of DiverseyLever, Inc. (formerly known as Diversey Corporation), Detroit, Michigan (specialty chemicals) (“Diversey”), from April 1991 to April 1996. Previously, from January 1990 to April 1991, he was Senior Vice President and the Chief Financial Officer of the Company’s then-wholly owned subsidiary, DuBois Chemicals, Inc. (specialty chemicals) (“DuBois”). We sold DuBois in 1991.

Andrea Lindell

Dr. Andrea R. Lindell, Ph.D. serves as an Independent Director of Chemed Corp. Ms. Lindell’s experience, qualifications, attributes and skills include having served as Dean and a Professor of the College of Nursing at the University of Cincinnati. She retired from these positions in January 2011 having held them since December 1990. She is currently Professor Emeritus at the college. Since January 2013, she has served as Associate Dean, previously holding the title of Interim Associate Dean from August 2011, at the School of Nursing, Walden University. Walden offers online degrees as follows: BSN, MSN, DNP. Ms. Lindell was also Associate Senior Vice President of the Medical Center at the University of Cincinnati from July 1998 until January 2011. The College of Nursing’s programs include over 1,500 students, and offer the following degrees: BSN, MSN, Post MSN, and PhD. From September 1994 to June 2002, she also held an additional position as Founder and Interim Dean of the College of Allied Health Sciences at the University of Cincinnati. She was a director of Omnicare until May 2014.

Thomas Rice

Mr. Thomas P. Rice serves as an Independent Director of Chemed Corp. Mr. Rice’s experience, qualifications, attributes and skills include having served as Chief Executive Officer of Andrx Corporation, Fort Lauderdale, Florida (specialty pharmaceuticals) (“Andrx”), from February 2004 to November 2006, when Andrx was sold to Watson Pharmaceuticals. Following the sale, Mr. Rice returned as General Manager and Partner to Columbia Investments LLC, Baltimore, Maryland, which invests in local emerging businesses in Baltimore and which Mr. Rice co-founded in January 1996. He was also a Director of Par Pharmaceuticals, Woodcliff Lake, NJ (drug development, manufacture, and marketing) until November 2012. From January 1999 to March 2003, he was President and Chief Executive Officer of Chesapeake Biological Laboratories, Inc. Solomons, Maryland (pharmaceuticals manufacturing) (“Chesapeake”). Before co-founding Columbia Investments LLC, Mr. Rice served as Executive Vice President and Chief Operating Officer of Circa Pharmaceuticals, Inc., Copiague, New York (pharmaceuticals manufacturing) (“Circa”), from June 1993 to January 1996. Mr. Rice was also the Chief Financial Officer of Circa from June 1993 to January 1995. Prior to joining Circa, Mr. Rice spent seven years as an accountant with Deloitte & Touche LLP, an international accounting firm. He earned a Master’s degree in finance from Loyola University. He was a director of Circa from June 1993 to January 1996, a director of Chesapeake from January 1997 to January 1999 and a director of Andrx from April 2003 to November 2006.

Donald Saunders

Mr. Donald E. Saunders serves as an Independent Director of Chemed Corp. Mr. Saunders’ experience, qualifications, attributes and skills include having served as a Professor at the Farmer School of Business, Miami University, Oxford, Ohio. He held this position from August 2001 until his retirement in January 2015. Miami University is a public university with a student population of 16,000. He earned a doctorate in Economics, with a minor in Accounting, from Indiana University. He has taken Masters level courses in financial reporting, financial valuation, and risk management. Mr. Saunders retired as President of DuBois, then a division of Diversey, in October 2000, having held that position since November 1993.

Frank Wood

Mr. Frank E. Wood serves as an Independent Director of Chemed Corp. Mr. Wood’s experience, qualifications, attributes and skills include serving since 1994 as President and Chief Executive Officer of Secret Communications, LLC (“Secret”), Cincinnati, Ohio. Secret was in the radio broadcast business, but following the sale of radio stations, it is now a venture capital company. Investments have included banking, internet security, anti-counterfeiting, meat exporting, medical office advertising, magazine publishing, and aviation. He is also since 1998 founder of The Darwin Growth Fund, a nascent agricultural business. Mr. Wood is a graduate of Harvard College and earned a J.D. degree from The University of Chicago Law School.

Basic Compensation

Name Fiscal Year Total

George Walsh

301,523

Kevin McNamara

7,425,450

David Williams

3,078,470

Spencer Lee

1,914,870

Nicholas Westfall

--

Michael Witzeman

--

Thomas Hutton

--

Joel Gemunder

146,023

Patrick Grace

161,523

Walter Krebs

148,023

Andrea Lindell

148,023

Thomas Rice

153,523

Donald Saunders

170,523

Frank Wood

148,023
As Of  31 Dec 2015