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McKesson names James Beer CFO

By Modern Healthcare
Posted: September 30, 2013 - 7:00 pm ET

McKesson Corp. hired Symantec Corp. executive James Beer as executive VP and chief financial officer.

Beer, 52, has been CFO at Symantec since 2006 and will join the San Francisco-based pharmaceutical distribution and health information technology company on Oct. 9. He succeeds Jeff Campbell, who left McKesson in June to become CFO at American Express.

McKesson will pay Beer a $1.1 million signing bonus and a base salary of $800,000 with an opportunity to double that sum in the company's management incentive plan, as well as a $446,000 bonus if he remains with the company until the close of March 2014, according to a filing with the Securities and Exchange Commission.

The company is also recommending that its compensation committee approve various stock awards with grant-date values totaling about $9 million.

“McKesson is strongly positioned to take advantage of tremendous growth opportunities in healthcare as the industry transforms through health reform,” Beer said in a news release announcing the appointment.

Before working for Symantec, a computer security company, Beer was CFO for American Airlines and its parent, AMR Corp. McKesson Chairman and CEO John Hammergren praised his experience leading publicly traded companies in different industries.


Beer



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