Summary
Cencora, Inc. (COR) announced that two long-serving members of its Board of Directors, Richard W. Gochnauer and Kathleen W. Hyle, have informed the company of their intent to retire at the upcoming Annual Meeting of Stockholders on March 6, 2025. Mr. Gochnauer, who joined the board in 2008, has been a member of the Audit Committee and the Compliance and Risk Committee. Ms. Hyle, a director since 2010, currently chairs the Compensation and Succession Planning Committee and is also a member of the Executive Committee and Finance Committee. This transition will result in a reduction of the Board size from 13 to 11 members, effective after the Annual Meeting. Both directors indicated their intent to continue serving until the meeting and confirmed there were no disagreements with the company regarding their decision to retire. Investors should note that these retirements do not appear to be performance-related, as no disagreements were cited.
Key Highlights
- 1Two directors, Richard W. Gochnauer and Kathleen W. Hyle, will retire at the March 6, 2025 Annual Meeting of Stockholders.
- 2Mr. Gochnauer has served on the board since 2008 and is a member of the Audit and Compliance & Risk Committees.
- 3Ms. Hyle has served on the board since 2010 and chairs the Compensation & Succession Planning Committee.
- 4The Board of Directors' size will be reduced from 13 to 11 members following the Annual Meeting.
- 5Retirements are not due to any disagreements between the directors and the Company.
- 6Both directors intend to serve until their retirement date at the Annual Meeting.