McKesson announced that Executive Vice President and Chief Financial Officer Britt Vitalone will retire after a 20‑year career with the company, including eight years as CFO. Vitalone’s last day as CFO will be May 28 2026, and he will remain on staff as a strategic advisor to support a smooth transition and the planned separation of the Medical‑Surgical Solutions business.
Kenny Cheung, formerly Executive Vice President and CFO at Sysco, will assume the CFO role effective May 29 2026. Cheung brings a decade of experience in global financial planning, accounting, audit, tax and corporate finance. He is expected to guide McKesson’s capital deployment into oncology and specialty platforms while overseeing the company’s ongoing opioid litigation and cash‑flow generation.
The leadership change underscores McKesson’s focus on executing a portfolio transformation toward higher‑margin specialty services. Management has outlined a plan to separate the Medical‑Surgical Solutions segment into an independent company by late 2027, a move intended to unlock value for both entities and allow McKesson to concentrate on its core pharmaceutical distribution, oncology and biopharma solutions businesses. Cheung’s appointment signals confidence that the company’s financial discipline and strategic execution will continue to support this transformation.
McKesson’s fiscal 2026 adjusted earnings‑per‑diluted‑share guidance is $36.75 to $37.55, an 11% to 14% increase over the prior year. The guidance reflects management’s belief that the company’s core operations will continue to generate strong cash flow and that the new CFO’s expertise will help navigate the complex opioid litigation landscape and capitalize on growth opportunities in specialty services.
"Britt is an exceptional partner and leader. He has been instrumental in advancing the company’s financial performance, engaging with shareholders, and instilling a culture of financial discipline," CEO Brian Tyler said. "He has consistently emphasized aligning strategy with execution. His financial stewardship and disciplined approach to capital allocation have driven meaningful value creation and helped strengthen our financial foundation and evolve our portfolio to position McKesson for long‑term success."
"As we look ahead to fiscal 2026, we are well positioned to build on our operating momentum, accelerate growth through our strategic priorities, and target investments to accelerate growth and modernize the portfolio," Tyler added.
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