J.P. Morgan Comments on Retirement of AmerisourceBergen CEO

In a report published by J.P. Morgan, AmerisourceBergen ABC CEO David Yost is to retire on July 1.

J.P. Morgan said that after the close yesterday, AmerisourceBergen announced that Chief
Executive Officer R. David Yost, 63, will retire on July 1, 2011. “Mr. Yost will also retire from his position on the Board on the same day. The announcement does not come as a surprise to us given his age and his expressed desire to spend more time with his family. From a timing perspective, Mr. Yost indicated that he believes ABC has never been in better shape strategically and organizationally. In conjunction with the announcement, ABC also reaffirmed the existing 2011 EPS guidance.”

AmerisourceBergen closed yesterday at $36.62.