Summary
Cencora, Inc. (COR) filed an 8-K on April 3, 2018, to report the departure of Peyton R. Howell from her role as Executive Vice President and President, Health Systems & Specialty Care Solutions. This departure is effective as of the close of business on April 6, 2018. Ms. Howell is expected to continue with the company in a non-executive capacity until May 1, 2018, providing a transition period. Her departure compensation and benefits will be in accordance with her existing Employment Agreement.
Key Highlights
- 1Executive Vice President Peyton R. Howell is departing from Cencora, Inc.
- 2Ms. Howell's last day as an executive officer is April 6, 2018.
- 3She will remain with the company in a non-executive capacity until May 1, 2018.
- 4The departure triggers provisions outlined in her existing Employment Agreement.
- 5Compensation and benefits for Ms. Howell's departure will adhere to her previously filed Employment Agreement from the 2011 10-K.
Frequently Asked Questions
Peyton R. Howell, Executive Vice President and President, Health Systems & Specialty Care Solutions, is departing from Cencora, Inc.
Her departure as an executive officer is effective at the close of business on April 6, 2018. She will remain with the company in a non-executive role until May 1, 2018.
Ms. Howell is entitled to compensation and benefits consistent with her Employment Agreement, which was filed with the company's 2011 Annual Report on Form 10-K.
This 8-K filing does not provide specific reasons for Ms. Howell's departure, only that an agreement has been reached for her to cease her executive role.