10:18 AM EDT, 03/12/2024 (MT Newswires) -- Cencora ( COR ) said Tuesday that Steven Collis will retire as chief executive officer, effective Oct. 1, and become executive chair of the board.

His successor as CEO will be Chief Operating Officer Robert Mauch, 57, who will also become a board member, the company said.

Cencora ( COR ) affirmed fiscal 2024 guidance outlined on Jan. 31. Adjusted earnings are expected at $13.25 to $13.50 a share on revenue growth of 10% to 12%.

The company's shares fell 0.1% in recent trading Tuesday.

Price: 237.35, Change: -0.33, Percent Change: -0.14