UPDATE 1-Omnicare names new CEO

* Names John Figueroa chief executive officer, board member

* Appointment effective Jan 1, to replace James Shelton

Dec 8 (BestGrowthStock) – Pharmacy services provider Omnicare Inc
(OCR.N: ) named industry veteran John Figueroa as its new chief
executive officer, effective Jan 1.

Figueroa, with more than 20 years of experience in the
healthcare industry, most recently served as president of the
U.S. pharmaceutical group at McKesson Corp (MCK.N: ).

Figueroa will replace James Shelton, who was appointed as
an interim CEO in August after the company’s longtime CEO
resigned unexpectedly.

Shelton will remain with Omnicare as the new non-executive
chairman of its board and assist Figueroa during the transition
period.

Omnicare’s shares which have gained about 10 percent in the
last three months closed at $23 Tuesday on the New York Stock
Exchange.
(Reporting by Krishnakali Sengupta in Bangalore; Editing by
Jarshad Kakkrakandy)

UPDATE 1-Omnicare names new CEO