VALLEY FORGE, Pa.--(BUSINESS WIRE)--May. 16, 2013--
AmerisourceBergen Corporation (NYSE: ABC) today announced that Lon R.
Greenberg, 62, has been elected to its Board of Directors, effective
immediately. Mr. Greenberg fills the vacancy created by Charles H.
Cotros’s retirement from the Board in February 2013. Mr. Greenberg also
joined the Audit and Corporate Responsibility Committee and Finance
Committee of the Board. AmerisourceBergen Corporation’s Board of
Directors is currently comprised of 10 directors.
Mr. Greenberg served as the Chief Executive Officer of UGI Corporation
from 1995 until his retirement on April 1, 2013. Mr. Greenberg continues
to serve as the Chairman of UGI’s Board of Directors, a position he has
held since 1996. He joined UGI in 1980 and held a number of senior
management and executive positions throughout his career with UGI,
including Senior Vice President, Legal and Corporate Development, and
President of UGI.
“Lon’s extensive business experience, strategic vision and extraordinary
commitment and dedication to our community will make Lon a great asset
to the AmerisourceBergen Board,” said Richard C. Gozon, Chairman of the
Board of AmerisourceBergen.
“I am thrilled to have an executive of Lon’s caliber and talent join our
Board of Directors. I am certain that Lon will make significant
contributions to the Board as we work together to foster the continued
success of AmerisourceBergen,” added Steven H. Collis, President and
Chief Executive Officer of AmerisourceBergen.
In addition to serving as the Chairman of the Board of UGI Corporation,
Mr. Greenberg is a director of Aqua America, Inc. and Ameriprise
Financial, Inc. Mr. Greenberg also is a member of the Board of Trustees
of Temple University, the Board of Directors of Temple University Health
System, and the Board of Directors of Fox Chase Cancer Center.
Furthermore, he currently serves as Chair of the Board of Directors of
the United Way of Greater Philadelphia and Southern New Jersey.
About AmerisourceBergen
AmerisourceBergen is one of the world's largest pharmaceutical services
companies serving the United States, Canada and selected global markets.
Servicing both healthcare providers and pharmaceutical manufacturers 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 niche
premium logistics and pharmaceutical packaging to reimbursement and
pharmaceutical consulting services. With over $80 billion in annualized
revenue, AmerisourceBergen is headquartered in Valley Forge, PA, and
employs approximately 13,000 people. AmerisourceBergen is ranked #32 on
the Fortune 500 list. For more information, go to www.amerisourcebergen.com.
Cautionary Note Regarding Forward-Looking
Statements
Certain of the statements contained in this press release are
"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. Words such as “expect,” “likely,” “outlook,” “forecast,” “would,”
“could,” “should,” “can,” “will,” “project,” “intend,” “plan,”
“continue,” “sustain,” “synergy”, “on track,” “believe,” “seek,”
“estimate,” “anticipate,” “may,” ”possible,” “assume,” variations of
such words and similar expressions are intended to identify such
forward-looking statements. These statements are based on management's
current expectations and are subject to uncertainty and change in
circumstances. These statements are not guarantees of future performance
and are based on assumptions that could prove incorrect or could cause
actual results to vary materially from those indicated. Among the
factors that could cause actual results to differ materially from those
projected, anticipated or implied are the following: changes in
pharmaceutical market growth rates; the loss of one or more key customer
or supplier relationships; changes in customer mix; customer
delinquencies, defaults or insolvencies; supplier defaults or
insolvencies; changes in pharmaceutical manufacturers' pricing and
distribution policies or practices; adverse resolution of any contract
or other dispute with customers or suppliers; federal and state
government enforcement initiatives to detect and prevent suspicious
orders of controlled substances and the diversion of controlled
substances; qui tam litigation for alleged violations of fraud
and abuse laws and regulations and/or any other laws and regulations
governing the marketing, sale, purchase, and/or dispensing of
pharmaceutical products or services and any related litigation,
including shareholder derivative lawsuits; changes in federal and state
legislation or regulatory action affecting pharmaceutical product
pricing or reimbursement policies, including under Medicaid and
Medicare; changes in regulatory or clinical medical guidelines and/or
labeling for the pharmaceutical products we distribute, including
certain anemia products; price inflation in branded pharmaceuticals and
price deflation in generics; greater or less than anticipated benefit
from launches of the generic versions of previously patented
pharmaceutical products; significant breakdown or interruption of our
information technology systems; our inability to realize the anticipated
benefits of the implementation of an enterprise resource planning (ERP)
system; interest rate and foreign currency exchange rate fluctuations;
risks associated with international business operations, including
non-compliance with the U.S. Foreign Corrupt Practices Act, anti-bribery
laws and economic sanctions and import laws and regulations; economic,
business, competitive and/or regulatory developments outside of the
United States; risks associated with the strategic, long-term
relationship among Walgreen Co., Alliance Boots GmbH, and
AmerisourceBergen, including the failure to obtain the required U.S. and
foreign antitrust regulatory approvals for the equity investments by
Walgreens and Alliance Boots in AmerisourceBergen, the occurrence of any
event, change or other circumstance that could give rise to the
termination, cross-termination or modification of any of the transaction
documents among the parties (including, among others, the distribution
agreement or the generics agreement), an impact on our earnings per
share resulting from the issuance of the Warrants, an inability to
realize anticipated benefits (including benefits resulting from
participation in the Walgreens Boots Alliance Development GmbH joint
venture), the disruption of AmerisourceBergen’s cash flow and ability to
return value to its stockholders in accordance with its past practices,
disruption of or changes in vendor, payer and customer relationships and
terms, and the reduction of AmerisourceBergen’s operational, strategic
or financial flexibility; the acquisition of businesses that do not
perform as we expect or that are difficult for us to integrate or
control; our inability to successfully complete any other transaction
that we may wish to pursue from time to time; changes in tax laws or
legislative initiatives that could adversely affect our tax positions
and/or our tax liabilities or adverse resolution of challenges to our
tax positions; increased costs of maintaining, or reductions in our
ability to maintain, adequate liquidity and financing sources;
volatility and deterioration of the capital and credit markets; and
other economic, business, competitive, legal, tax, regulatory and/or
operational factors affecting our business generally. Certain additional
factors that management believes could cause actual outcomes and results
to differ materially from those described in forward-looking statements
are set forth (i) in Item 1A (Risk Factors) in the Company's Annual
Report on Form 10-K for the fiscal year ended September 30, 2012 and
elsewhere in that report and (ii) in other reports filed by the Company
pursuant to the Securities Exchange Act of 1934. You are cautioned not
to place undue reliance on these forward-looking statements, which speak
only as of the date they are made. Except to the extent required by law,
AmerisourceBergen does not undertake, and expressly disclaims, any duty
or obligation to publicly update any forward-looking statement after the
date of this report, whether as a result of new information, future
events, changes in assumptions or otherwise.
Source: AmerisourceBergen Corporation
AmerisourceBergen Corporation
Barbara Brungess,
610-727-7199
bbrungess@amerisourcebergen.com