DiCandilo succeeds Neil F. Dimick, who, as previously announced, is leaving
AmerisourceBergen for personal reasons. Dimick will remain with the Company
through April to ensure a smooth transition.
"It is a great pleasure to appoint Mike to this new role. He brings to the job
the demonstrated financial discipline needed to continue to drive
AmerisourceBergen's performance," said Yost. "He is a strong, hands-on leader,
and his unique background in both field and corporate operations has given him a
broad, in-depth understanding of the business."
Added Kurt J. Hilzinger, AmerisourceBergen Executive Vice President and Chief
Operating Officer, "Mike and I have worked together for over a decade, and he is
an extremely capable finance executive who possesses a uniquely strong
combination of technical expertise and business acumen. He knows our business as
well as anybody in the industry and undoubtedly will continue to be a strong
contributor."
"I am excited about taking on this new leadership role and helping to deliver
continued value to our shareholders," said DiCandilo. "I am convinced
AmerisourceBergen has tremendous potential. We have $150 million in annual
cost-saving synergies from the AmeriSource Health Corporation and Bergen
Brunswig Corporation merger to capture by the end of fiscal 2004; we are
building the most efficient distribution network in the industry; and we are
expanding customer services and solutions all along the pharmaceutical supply
chain."
DiCandilo was named AmerisourceBergen's Vice President and Corporate Controller
in October of last year, shortly after the merger of AmeriSource Health and
Bergen Brunswig. He joined the former AmeriSource 12 years ago as Regional Vice
President of Finance for the company's northeast region. Five years later,
DiCandilo was appointed AmeriSource's Vice President and Controller, where he
played a critical role in transforming financial administrative functions from a
decentralized to a centralized model. Prior to joining AmeriSource, he served
eight years with Ernst & Young in a variety of accounting management positions.
DiCandilo is a Certified Public Accountant and holds a Bachelor of Science
degree in accounting from the Wharton School of the University of Pennsylvania,
where he graduated summa cum laude.
About AmerisourceBergen
Forward-Looking Statements
The following factors, among others, could cause actual results to differ
materially from those described in the forward-looking statements: the risk that
the businesses of AmeriSource and Bergen Brunswig will not be integrated
successfully; failure to obtain and retain expected synergies; and other
economic, business, competitive and/or regulatory factors affecting the business
of AmerisourceBergen generally.
More detailed information about these factors is set forth in
AmerisourceBergen's filings with the Securities and Exchange Commission,
including its most recent 10-Q, its Annual Report on Form 10-K for fiscal 2001,
and AmeriSource's and Bergen's joint proxy statement-prospectus dated August 1,
2001.
AmerisourceBergen, AmeriSource and Bergen Brunswig are under no obligation to
(and expressly disclaim any such obligation to) update or alter their
forward-looking statements whether as a result of new information, future events
or otherwise.
CONTACT: AmerisourceBergen Corporation, Valley Forge
Michael N. Kilpatric, 610/727-7118
mkilpatric@amerisource.com