SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 5,
1996
McKESSON CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-13252 94-3207296
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(State or other (Commission File (I.R.S.
Employer
jurisdiction of Number) Identification
incorporation) Number)
McKesson Plaza
One Post Street
San Francisco, California 94104
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(Address of principal executive offices) (Zip
Code)
(415) 983-8300
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(Registrant's telephone number, including area code )
Item 5. Other Events.
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On April 5, 1996, the Registrant announced that David E.
McDowell is resigning as President and Chief Operating Officer
of the Company, effective upon commencement of employment of
his successor. The text of the press release regarding this
announcement is set forth in Exhibit (99) to this Current
Report on Form 8-K.
Item 7. Financial Statements, Pro Forma Financial
Information
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and Exhibits.
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(c) Exhibits
--------
(99) Press Release issued by McKesson
Corporation on April 5, 1996
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed
on
its behalf by the undersigned thereunto duly authorized.
McKESSON CORPORATION
(Registrant)
Dated: April 8, 1996 BY /s/NANCY A. MILLER
Vice President and Secretary
EXHIBIT INDEX
Exhibit
No. Title
- ------- ---------------------------------------
(99) Press Release issued by McKesson Corporation on April 5,
1996.
<PAGE>
Exhibit (99.1)
McKesson Corp.
One Post Street, San Francisco CA 94104-5296 Tel 415 983
8300
McKESSON
Contact: Janet Bley
(415) 983-9357
DAVID E. McDOWELL TO RESIGN AS PRESIDENT AND COO
AND ASSUME NEW ROLE AT McKESSON CORP.
SAN FRANCISCO, Friday April 5, 1996 -- David E. McDowell
announced today that he is resigning as president and chief
operating officer of McKesson Corp. (MCK:NYSE). McDowell, who
joined the company in 1992, will remain in his current role
until his successor comes on board. Then, working closely
with Alan Seelenfreund, McKesson's chairman and CEO, in a new
advisory capacity, he will continue to assist in the
development of information technology and provide guidance on
strategic projects.
In a meeting today with senior managers of McKesson in
San Francisco, McDowell spoke about his decision. "For some
time now, I have weighed the conflicting demands of a
professional career and a personal life. After serious
consideration, I have realized that I am at a point where I
choose to shift my priorities more to my personal life," he
said.
"I am especially pleased to be able to remain with
McKesson, where I will continue to work with Alan and the
McKesson management team in supporting the company's
strategies moving forward. I have never been more excited by
the people, prospects, strategies and market position of this
company," McDowell said.
Referring to the highlights of McDowell's tenure with
McKesson, Seelenfreund said, "Dave's successful efforts to
lead the transformation of McKesson's businesses into an
externally focused, customer-driven organization have
significantly enhanced McKesson's reputation.
"We will continue the health care strategies launched
under Dave's leadership and we look forward to his ongoing
advice and counsel," Seelenfreund said. "On a personal note,
on behalf of the people of McKesson, I want to thank Dave for
his extraordinary contribution. He has been a friend and
confidante. He made our strategies come to life and has built
them into the fabric of McKesson."
McKesson Corp., with annual revenues of more than $13
billion, is a leading provider of health care products and
services. Through McKesson Drug Company, McKesson Health
Systems and a Canadian subsidiary, Medis Health &
Pharmaceutical Services, McKesson is the largest distributor
of pharmaceuticals and health care products in North America.
McKesson also owns a 23% interest in NADRO, the leading
pharmaceutical distributor in Mexico. McKesson Water Products
Co. is one of the largest distributors of bottled drinking
water in the U.S. Armor All Products is the world leader in
automotive appearance products. Headquartered in San
Francisco, McKesson is listed on the New York and Pacific
stock exchanges.
# # #
McKesson news releases are available at no charge through
McKesson's NewsOnDemand fax service.
To immediately receive an index of available releases, call 1-
800-344-6495 and press 2.
April 5, 1996
