Conshohocken’s Cencora is preparing for a major leadership transition as executive vice president and chief financial officer James Cleary plans to step down, writes Sydney Halleman for HealthCareDive.
The company said Cleary will officially step down on June 30, but will remain with Cencora through the end of the year in an advisory capacity as they search for his replacement. Cencora has already hired an executive search firm to lead that process.
Cleary has served as CFO since 2018 and played a key role during a period of steady financial growth and broader strategic expansion. Before taking the top finance post, he served as CEO of MWI Veterinary Supply, which Cencora acquired in 2015.
Analysts noted that his retirement came as a surprise, though some expressed confidence in the transition because of his continued advisory role.
The move comes at an important moment for the Conshohocken company. Cencora has continued to expand deeper into specialty services, including major recent investments in OneOncology and Retina Consultants of America.
To learn more about Cleary’s tenure and this new transition for Cencora, visit HealthCareDive.
