McKesson Corp. (NYSE:MCK), considered the nation’s sixth largest company, announced Nov. 30 it plans to relocated its corporate headquarters from San Francisco to Las Colinas, effective April 1 of next year.
“We are excited to strengthen our presence in Texas and make Las Colinas our official global headquarters,” said John H. Hammergren, chairman and chief executive officer, McKesson Corporation. “Governor Abbott and the Irving/Las Colinas community have provided tremendous support since we opened our Las Colinas campus last April. Making this move will improve efficiency, collaboration and cost-competitiveness, while providing an exceptional work environment for our employees.”
McKesson’s Las Colinas location is a two-building, 525,000-square-foot site near State Highway 161 and State Highway 114 in Irving. The company opened the campus in April of 2017. Employees at the North Texas location are already involved in operations, information technology, finance and accounting, marketing and sales, administration and support, purchasing, and project management for the company.
“I’m delighted McKesson, a Fortune 6 company, is making Texas the home of its new global headquarters,” said Texas Gov. Greg Abbott. “The company has a long record of success in our state. McKesson’s expansion is an example of the kind of high-quality companies and jobs Texas has attracted as a result of our focus on economic growth, and I am proud to welcome them to the Lone Star State.”
McKesson’s Las Colinas campus has achieved a LEED Gold certification, recognizing its resource efficiency, as well as a WELL Building Silver certification, the first building standard focused solely on human health and wellness. Elements of the building are designed to support employee productivity and wellness, empowering employees to work the way they like while fostering team collaboration amidst an array of amenities and enhanced technology capabilities.
“We are proud that McKesson has decided to make Irving/Las Colinas its official, corporate home,” said Irving Mayor Rick Stopfer. “Irving is an amazing city with talented, hard-working people and wonderful amenities. We’re delighted to have yet another Fortune 500 company make Irving their global headquarters.”
Following the relocation of its headquarters, McKesson will continue to have a strong presence in California, employing more than 1,400 people, primarily in distribution operations and sales. The company opened a new distribution center for its medical-surgical division in Roseville, California earlier this year. McKesson Ventures will remain in San Francisco, along with a technology development team for McKesson’s US Oncology Network.
As the company announced on April 25, 2018, McKesson launched a multi-year strategic growth initiative, inclusive of plans to optimize the company’s operating and cost structures. The company expects these initiatives and actions will generate approximately $300 million to $400 million in annual pre-tax gross savings that will be substantially realized by the end of Fiscal 2021.
“As part of our strategic growth initiative, we’ve developed a hub location strategy, co-locating people based on the type of work they do to improve teamwork, advance innovation and increase efficiency,” said Brian Tyler, president and chief operating officer, McKesson Corp. “Bringing employee groups together in key locations will make McKesson a more streamlined and agile company, complementing our investments and improving operating profit growth for the organization.”
“We are taking great effort, care and consideration to make this transition as seamless as possible for our associates who will be affected by this transition,” Tyler continued. “It is important to us that every employee is treated with dignity and respect, consistent with McKesson’s ICARE shared principles. San Francisco-based employees are being offered the opportunity to relocate to Las Colinas and other hub locations. We look forward to bringing even more of our team together in our new, world-class global headquarters.”
McKesson Corp., currently ranked 6th on the FORTUNE 500, is a global leader in health care supply chain management solutions, retail pharmacy, community oncology and specialty care, and healthcare information technology. McKesson partners with pharmaceutical manufacturers, providers, pharmacies, governments and other organizations in health care to help provide the right medicines, medical products and healthcare services to the right patients at the right time, safely and cost-effectively. United by our ICARE shared principles, our employees work every day to innovate and deliver opportunities that make our customers and partners more successful — all for the better health of patients. McKesson has been named the “ Most Admired Company ” in the health care wholesaler category by FORTUNE, a “ Best Place to Work ” by the Human Rights Campaign Foundation, and a top military-friendly company by Military Friendly. www.mckesson.com.
