DALLAS – Another high-profile California corporation is making the move to North Texas.
Healthcare giant McKesson, the 6th largest company in America according to Fortune, will relocate its headquarters to Las Colinas, effective April 1 of next year.
McKesson opened a corporate campus in Irving last spring that hosts hundreds of employees who work in various functions.
“We are excited to strengthen our presence in Texas and make Las Colinas our official global headquarters,” John H. Hammergren, chairman and chief executive officer of McKesson, said in a press release. “[Texas Gov. Greg 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.”
On Friday, the company announced it would move “most San Francisco Bay Area jobs” to Las Colinas and other hubs by 2021.
It will keep about 1,400 of its more than 64,000 employees in California.
"I’m delighted McKesson, a Fortune 6 company, is making Texas the home of its new global headquarters,” Gov. Abbott said. "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.”
The move to Las Colinas is part of a hub relocation strategy included in growth plans unveiled by McKesson in April.
According to Fortune, McKesson netted more than $5 billion in profits last year, but fell one spot from No. 5 on the Fortune 500 list – a compilation of the country's biggest revenue drivers. McKesson has been on the Fortune 500 list for 24 years, and in the top 20 every year since 2003.
The news of McKesson’s move came on the same day as confirmation from the PGA of America – a group of 29,000 PGA professionals who run golf clubs across the country – that it was relocating its headquarters to Frisco.