Cencora's CFO Cleary to retire, shares down

Shares of drug distributor Cencora COR.N fall 3.4% to $334 premarket

Cencora says James Cleary will retire as Chief Financial Officer effective June 30, 2026

Says it has engaged an executive search firm to identify and evaluate potential successors from internal and external candidates

Cleary will assist in the search process and serve as an adviser through the end of 2026 - COR

Evercore ISI says "we view his continued involvement through the transition period as a positive, supporting continuity and execution"

Cencora also reaffirms previously issued annual adjusted EPS forecast of $17.45 to $17.75

Analysts expect annual adjusted EPS of $17.62 per share, according to data compiled by LSEG

As of last close, COR up 2.4% YTD