McKesson Europe AG (formerly Celesio AG, previously Gehe AG), with its headquarters in Stuttgart, Germany, is a leading international wholesale and retail company and provider of logistics and services in the pharmaceutical and healthcare sectors. The company had around 37,000 employees at the end of the 2019 financial year (31 March 2019) and is represented in 13 countries in Europe. In the 2019 financial year the company achieved a turnover of EUR 21.18 billion. The majority shareholder of the company is the US-based McKesson Corporation, which holds a share of 77.01%. The remaining 22.99% of shares are available on the open market. Kevin Kettler, a US citizen, has been Chairman of McKesson Europe since 1 November 2018. Overview The head office is situated at Stockholmer Platz in the new Europaviertel of Stuttgart, next to Stadtbibliothek and Milaneo shopping centre. The company's core business consists of pharmaceutical wholesale and pharmacies. In the pharmaceutical wholesaling sector, McKesson Europe has a market presence in 14 countries. It has a range of services for pharmacists on matters of health, medicines and wellness. An extensive distribution network of more than 134 branches provides deliveries to some 65,000 pharmacies and hospitals. Company structure The business is divided into two business areas: In the Pharmacy Solutions division, McKesson Europe combines its wholesale activities with pharmaceutical products in nine European countries. More than 50,000 pharmacies and hospitals are supplied from 116 wholesale branches every day. Additional services for pharmacists are also provided, such as pharmacy cooperations and the provision of IT platforms. McKesson Europe also offers various services for suppliers, manufacturers and other companies in the pharmaceutical and healthcare sectors. The Consumer Solutions division is aimed at patients and consumers and also includes activities in the areas of retail and mail-order pharmacies and home care. At the end of the 2019 financial year, McKesson Europe had approximately 1,900 retail pharmacies in five countries (Great Britain, Ireland, Belgium, Sweden and Italy) and 6,900 partner and brand partner pharmacies. History 1835 - 1948 The chemist and paint business Gehe & Co. was founded on 1 May 1835 by Franz Ludwig Gehe in Dresden on Königstraße and opened to the capital market by converting it into a stock corporation on 1 January 1903. In January 1904, the shares were admitted to trading on the stock exchange in Dresden. In 1909, the company moved to the new location on Leipziger Straße and