Omnicare Taps Figueroa as Next CEO

Omnicare is expected to name John Figueroa, an executive with McKesson, as its next CEO, a report says.
By Joseph Woelfel ,

COVINGTON, Kentucky (

TheStreet

) --

Omnicare

(OCR)

is expected to name John Figueroa, an executive with

McKesson

(MCK) - Get Report

, as its next CEO, a report says.

Figueroa is the president of McKesson's U.S. pharmaceutical business. He will take the lead at Omnicare on Jan. 1, a person familiar with the matter told the

Wall Street Journal

.

Omnicare likely will announce Figueroa's appointment Wednesday morning, the person said.

Figueroa confirmed he will become Omnicare's CEO after the

Journal

contacted him.

Figueroa succeeds James Shelton, a board member who has served as interim CEO since late July.

Omnicare, which provides pharmacy services to nursing homes, has been struggling to stem losses and was hurt by the abrupt exit of longtime CEO Joel Gemunder, the

Journal

notes.

-- Written by Joseph Woelfel

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