Omnicare Taps Figueroa as Next CEO
COVINGTON, Kentucky (
) --
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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