McKesson to relocate HQ to Las Colinas, Texas
McKesson’s corporate headquarters soon will be leaving the Bay Area. The company recently announced that effective April 1, 2019, its headquarters will relocate from San Francisco to Las Colinas, Texas.
McKesson said the move is in-line with its multiyear strategic growth initiative, through which it plans to optimize its operating and cost structures with the aim of generating roughly $300 million to $400 million in pretax gross savings annually.
“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, McKesson president and COO. “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.”
John Hammergren, chairman and CEO of McKesson, said, “We are excited to strengthen our presence in Texas and make Las Colinas our official global headquarters. Gov. 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.”
The Las Colinas campus has been a key hub for the company, with employees in the North Texas location carrying out such functions as operations, information technology, marketing and sales, finance and accounting, support, administration, purchasing and project management, McKesson said.
“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 noted that it would continue to have a strong California presence following the relocation, maintaining more than 1,400 employees, largely in distribution operations and sales. The company recently opened a distribution center in Roseville, Calif., and McKesson Ventures, and its tech development team for its U.S. oncology network will remain in San Francisco.
“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.”
Tyler said, “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 said. “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.”
Interesting article on the relocation of the McKesson headquarters.