VALLEY FORGE, PA--(BUSINESS WIRE)--May 16, 2005--AmerisourceBergen
Corporation (NYSE:ABC) today announced that its Board of Directors has
elected Michael D. DiCandilo, 44, Executive Vice President and Chief
Financial Officer of the Company, effective immediately. DiCandilo,
who was previously senior vice president and chief financial officer
of the Company, will continue to report to R. David Yost,
AmerisourceBergen's Chief Executive Officer.
"Mike's election as executive vice president is recognition of his
outstanding contributions to AmerisourceBergen, and the expectation
that he will continue to play a significant leadership role in driving
the Company's performance," said Yost.
Prior to being named senior vice president and chief financial
officer of AmerisourceBergen in 2002, DiCandilo was appointed Vice
President and Corporate Controller in 2001, shortly after the merger
of AmeriSource Health and Bergen Brunswig. He joined the former
AmeriSource 15 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. 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
AmerisourceBergen (NYSE:ABC) is one of the largest pharmaceutical
services companies in the United States. Servicing both pharmaceutical
manufacturers and healthcare providers in the pharmaceutical supply
channel, the Company provides drug distribution and related services
designed to reduce costs and improve patient outcomes.
AmerisourceBergen's service solutions range from pharmacy automation,
bedside medication safety systems, and pharmaceutical packaging to
pharmacy services for skilled nursing and assisted living facilities,
reimbursement and pharmaceutical consulting services, and physician
education. With more than $49 billion in operating revenue,
AmerisourceBergen is headquartered in Valley Forge, PA, and employs
more than 14,000 people. AmerisourceBergen is ranked #23 on the
Fortune 500 list. For more information, go to
www.amerisourcebergen.com.
Forward-Looking Statements
This news release may contain certain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These statements
are based on management's current expectations and are subject to
uncertainty and changes in circumstances. Actual results may vary
materially from the expectations contained in the forward-looking
statements. Forward-looking statements may include statements
addressing AmerisourceBergen's future financial and operating results.
The following factors, among others, could cause actual results to
differ materially from those described in any forward-looking
statements: competitive pressures; the loss of one or more key
customer relationships; customer insolvencies; changes in customer
mix; changes in pharmaceutical manufacturers' pricing and distribution
policies or practices; regulatory changes; changes in U.S. government
policies (including changes in government policies pertaining to drug
reimbursement); changes in market interest rates; and other economic,
business, competitive, regulatory and/or operational factors affecting
the business of AmerisourceBergen generally.
More detailed information about these and other risk factors is
set forth in AmerisourceBergen's filings with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for
fiscal 2004.
AmerisourceBergen is under no obligation to (and expressly
disclaims any such obligation to) update or alter any forward looking
statements whether as a result of new information, future events or
otherwise.
CONTACT: AmerisourceBergen Corporation
Michael N. Kilpatric, 610-727-7118
mkilpatric@amerisourcebergen.com
SOURCE: AmerisourceBergen Corporation