W. P. Carey School Honors McKesson CEO John Hammergren as 2016 Executive of the Year

TEMPE, Ariz., April 20, 2016 /PRNewswire-USNewswire/ -- The W. P. Carey School of Business at Arizona State University will present John H. Hammergren, chairman, president and chief executive officer of McKesson Corporation, with its prestigious Executive of the Year Award this week. The school is bestowing its highest honor on Hammergren in recognition of his exemplary performance as chairman and CEO of the global healthcare company. The award annually recognizes top executives who serve as exceptional models for future business leaders.

Under Hammergren's leadership as CEO for the past 15 years, McKesson's revenues have quadrupled to $179 billion while the healthcare firm has expanded its footprint into international markets and new industry sectors. Today, the 183-year-old company ranks number 11 on the Fortune 500 and employs more than 80,000 people.

McKesson is a portfolio company that has a presence in more than 20 countries and provides services and technology in all parts of the healthcare ecosystem. Hammergren has spent his entire career in healthcare, having landed his first job as a hospital supply sales representative as a new college graduate.

"John Hammergren has demonstrated outstanding and sustained leadership in a healthcare environment that is ever changing," says W. P. Carey School of Business Dean Amy Hillman. "He led McKesson from crisis to becoming a global leader in healthcare services and information technology. Under his stewardship, McKesson has not only delivered outstanding returns for its investors, but has successfully helped healthcare organizations deliver better care to their patients on a daily basis." 

Hammergren, who has been with McKesson for 20 years, was recently named one of Harvard Business Review's 100 "Top Performing CEO's in the World." In 2015, Hammergren was named 2015 Best CEO for the health care technology and distribution segment by buy-side analysts, money managers and sell-side researchers. Under his leadership, McKesson has been named one of Fortune Magazine's Most Admired Companies for more than a decade. He is also co-author of the book, Skin in the Game: How Putting Yourself First Today Will Revolutionize Health Care Tomorrow, which focused on the consumers' role in healthcare reform.

"I am honored to receive this award from W. P. Carey School of Business," said Hammergren. "I've been very fortunate to have a long and successful career in an industry that touches people's lives on a daily basis. And for the past 15 years, I've been privileged to lead an incredibly talented group of people at McKesson who are all united behind our company's mission of better health."

One of the foundational elements of Hammergren's leadership has been the core set of values that he instituted early on in his tenure. McKesson's ICARE values – which focus on doing what is ethically right, always putting the customer first, personal accountability, mutual respect and excellence – have guided the culture and success of the company since he took the helm.

Hammergren becomes the 33^rd annual Executive of the Year chosen by the Dean's Council, a national group of prominent executives who advise the W. P. Carey School of Business. The award honors business leaders who have created and sustained superior organization performance, and whose presence exemplifies a model for future business leaders.  Previous honorees include Howard Schultz, chairman and chief executive officer of Starbucks Coffee Company; Alan Mulally, president and chief executive officer of Ford Motor Company, and Mike Ahearn, chairman of the board of First Solar, Inc.

Hammergren will be honored at a luncheon at the Camelback Inn in Scottsdale, Arizona on April 21. The event, which starts at 11:30 a.m., is part of the Economic Club of Phoenix speaker series. For more information about the club or to reserve seats, call (480) 965-6568 or visit www.econclubphx.org. Tickets are $85 per person for non-club members.

W. P. CAREY SCHOOL OF BUSINESS
The W. P. Carey School of Business at Arizona State University is one of the top-ranked and largest business schools in the United States. The school is internationally regarded for its research productivity and its distinguished faculty members, including a Nobel Prize winner. Students come from about 100 countries and include about 50 National Merit Scholars. For more information, please visit wpcarey.asu.edu and http://knowwpcarey.com.

McKesson Corporation
McKesson Corporation, currently ranked 11th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better. McKesson partners with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. McKesson helps its customers improve their financial, operational, and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. For more information, visit www.mckesson.com.

Media Contact: Judy Keane, (480) 965-3779, [email protected]

SOURCE Arizona State University

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http://wpcarey.asu.edu