McKesson gets new CEO

Friday, November 2, 2018

SAN FRANCISCO – McKesson Corp. has announced that John Hammergren, chairman and CEO, will retire March 31. The company’s board of directors has unanimously selected Brian Tyler, currently president and COO, to succeed Hammergren as CEO, effective April 1. Tyler will remain president. Edward Mueller, currently the lead independent director on McKesson’s board, will succeed Hammergren as independent chairman of the board, also effective April 1. In the time since Hammergren became CEO in 2001, the company has more than quadrupled revenues to $208 billion; expanded into global markets; and advanced to No. 6 on the Fortune 500, reflecting shareholder returns of more than 400% or 9% on a compound annual basis. Harvard Business Review named him one of their 100 “Top Performing CEOs in the World.”