McKesson CFO James Beer To Step Down; Backs FY18 Adj. EPS View

(RTTNews) - McKesson Corp. (MCK) announced James Beer, executive vice president and chief financial officer, will be leaving the company to pursue a new opportunity.

Britt Vitalone, senior vice president and chief financial officer, U.S. Pharmaceutical and McKesson Specialty Health, will be appointed executive vice president and chief financial officer of McKesson, effective January 1, 2018.

Beer will assist in a transition period into early 2018.

In addition, the company reaffirmed its outlook of Adjusted Earnings of $11.80 to $12.50 per share for the fiscal year ending March 31, 2018.

Beer will join Atlassian, an enterprise collaboration company, in San Francisco, as chief financial officer, effective February 2018.

Vitalone has been with McKesson since 2006. Prior to his current role, Vitalone served as senior vice president, corporate financial planning and analysis and M&A finance, and senior vice president and chief financial officer, McKesson Medical-Surgical. Prior to McKesson, Vitalone held a variety of financial leadership positions with companies that include GE Financial Assurance, CarMax and Bausch & Lomb.

Atlassian noted that James will start at Atlassian on February 20, 2018, reporting to Atlassian co-CEO and co-founder, Scott Farquhar. Atlassian's current chief financial officer Murray Demo will leave the company at the end of January 2018.