AmerisourceBergen Gets CFO From AmeriSource

AmerisourceBergen Gets CFO From AmeriSource

The Pros, Cons of Consumer-Driven Benefits; OC Startups Present at Confab

HEALTHCARE



by Vita Reed

AmerisourceBergen Corp. has named a successor to departing Chief financial Officer Neil Dimick in a move that further solidifies Valley Forge, Pa.-based AmeriSource Health Corp.’s dominance after its acquisition of Orange-based Bergen Brunswig Corp.






Michael DiCandilo, vice president and corporate controller for AmerisourceBergen, is set to take over as chief financial officer in April when Dimick is set to depart. In December, Dimick said he is exiting because he doesn’t want to leave California for AmerisourceBergen’s headquarters outside Philadelphia.






The appointment marks a clean sweep for AmeriSource of the top ranks of the newly combined company. DiCandilo, like Chief Executive R. David Yost and Chief Operating Officer Kurt Hilzinger, hails from AmeriSource.






While billed as a merger of equals, AmeriSource has put its mark on the new company. DiCandilo’s appointment gives AmeriSource seven of the 12 top executive spots at the new company.






Besides Chairman Robert Martini, son Brent Martini,a senior vice president and head of the company’s largest unit,now ranks as the top Bergen official in the new company.






DiCandilo was named vice president and corporate controller in October, shortly after AmeriSource’s buy of Bergen. He joined AmeriSource 12 years ago, serving as regional vice president of finance for the drug distributor’s northeast region. He became vice president and controller of AmeriSource seven years later.






The combined company expects to see $150 million in cost savings by 2004, DiCandilo said, as well as more efficient distribution and better customer service “all along the pharmaceutical supply chain.”






DiCandilo’s background also includes eight years with Ernst