- Pharmaceutical company McKesson revamped its technology leadership amid a renewed push on its technology solutions segment, according to a Tuesday SEC filing.
- EVP and CFO Britt Vitalone will expand his remit to oversee the company's technology organization effective Tuesday. Vitalone, a 17-year McKesson veteran, will also add mergers and acquisitions to his purview.
- The company also appointed Francisco Fraga, formerly SVP and CIO of pharmaceutical solutions and services, as its new EVP, CIO and CTO, according to the filing.
McKesson, one of the largest healthcare services companies in the country, has been increasing its focus on technology services.
The company's most recent earnings report shows revenue grew 11% year over year to $74.5 billion, for the three-month period ending June 30. Prescription technology solutions unit drove some of that growth, as revenues for that segment increased 17% year over year.
"First quarter results exemplify the success of our broad range of technology programs and support services," said Vitalone, speaking during an earnings call in August.
The technology leadership changes announced Tuesday will "increase alignment across the teams and further advance McKesson’s strategy under new leadership," according to the filing.
Fraga, who will report to Vitalone in his new role, joined McKesson in 2021. Most recently, he had served as SVP and chief information and technology officer at Campbell Soup Company. His prior experience includes two decades in various IT leadership roles at Procter & Gamble.
The executive is replacing former McKesson EVP, CIO and CTO Nancy Avila, who stepped down Monday but will assist the company with transition activities through Jan. 1.