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Omnicare

John G. Figueroa has been appointed chief executive officer of Omnicare, Inc., effective January 1, 2011.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

John G. Figueroa has been appointed chief executive officer of Omnicare, Inc., effective January 1, 2011. He also will serve as a member of the board of directors. He replaces James D. Shelton, who has served as Omnicare’s interim president and chief executive officer since August 2010. Mr. Shelton will serve as a new non-executive chairman of the board and will assist Mr. Figueroa during the transition period.

Mr. Figueroa joins the company from McKesson Corp., where he served as president of the U.S. Pharmaceutical Group, overseeing a $90 billion business with more than 7,000 employees. Prior to that, he held a number of positions at McKesson, including president of National Account Sales and Packaging and senior vice president of the Southwest Region. He also held several executive positions during his seven-year career at Baxter Healthcare Corp. and served as an officer in the U.S. Army.

“We are delighted to welcome John as Omnicare’s new chief executive pfficer,” said Mr. Shelton. “John has strong operational expertise, a broad knowledge of the industry and a deep understanding of the opportunities and challenges that Omnicare faces. He is a respected and proven leader and we are confident that he will help us reach our goals.”

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