Name: Jason Hollar New title: Chief executive officer Current title: Chief financial officer Cardinal Health's board of directors has selected chief financial officer Jason Hollar to be the. The Ohio-based company has undergone a series of leadership changes in recent weeks. He spent more than 30 years at Cardinal, serving in roles across operations, sales and finance. Chief Executive Officer of Cardinal Health, since September 1, 2022 Chief Financial Officer of Cardinal Health from 2020 to 2022 Executive Vice President and Chief Financial Officer of Tenneco Inc., a global automotive products and services company, from 2018 to 2020 Senior Vice President Finance at Tenneco Inc. from 2017 to 2018 Before that, she spent nearly 10 years at Johnson Controls, where she held IT leadership positions across a number of divisions and served as VP of IT for business partnerships. Updated 11:26 AM CDT, Mon August 15, 2022. The company's current CEO, Mike Kaufmann, is stepping down. By Eric Wicklund. Cardinal Health headquarters is in Dublin, Ohio, United States. Sign up now! Hollar will also. Before joining Cardinal, Mr. Hollar served as the CFO and executive vice president for Tenneco, a global automotive products manufacturer. It provides relief from. Here are further demographic highlights of the leadership team: The Cardinal Health executive team is 38% female and 45% male. (2 minutes) Cardinal Health Inc. Chief Executive Officer Mike Kaufmann is stepping down from the healthcare products distributor as it struggles with the impact of inflation and . Oscar provides an alternative to traditional health insurance companies in New York, New Jersey, California, Texas, Ohio, Tennessee, Arizona, Michigan, and Florida. Stable fundamentals in the pharmaceutical segment and tangible progress in the medical segment drove . Pharmaceutical lawsuits are sometimes referred to as "bad drug" lawsuits.Bad drug lawsuits argue a defective medication caused unintended harm to a patient or patients seeking damages. Hear about it first. Mr. Kaufmann has served as CEO since 2018. Jason Hollar, Cardinal Healths Chief Financial Officer since 2020, stepped into the CEO role at the beginning of September, succeeding Mike Kaufmann. Try the tool that will help you invest smarter, faster, and better. Share job opportunities with family and friends. Cardinal Health Inc(NYSE: CAH) has reportedQ4 FY22 adjusted EPS of $1.05, up 36% Y/Y, missing the consensus of $1.17. 2022 Benzinga.com. Discounting those charges, operating earnings fell 12% to $2 billion because of inflation and the global supply challenges. By Catherine Sturman. Those partnerships will be key as Cardinal Health moves its transformation efforts forward in the weeks and months ahead. Kaufmann defended the company's actions while also acknowledging the pain of those hurt by the crisis. Quotes displayed in real-time or delayed by at least 15 minutes. HSBC's Largest Shareholder Stresses On Asia Business Spinoff To Boost Market Values: Report, Baby Formula Startup Seeks To Compete Abbott With 15% Market Share: Report. Mike Kaufmann became the CEO and Director of Cardinal Health, Inc. in January of 2018. "This is a transformational period at Cardinal Health and I am humbled to have the opportunity to lead a business that plays such a vital role in the healthcare ecosystem," Hollar said in a statement. The company targets a Medical segment profit of at least $650 million by FY25. First quarter GAAP operating earnings . Cardinal Health announced Mr. Barrett's planned departure two days before its shareholder meeting. Adjusted earnings per share were $1.09, beating analysts' estimates of $1. Before joining Cardinal Health, Greene was CIO and VP of IT for Masco Corporation, a manufacturing conglomerate that houses brands such as Behr paint and Delta faucets. Cardinal Health, similar to other pharmaceutical wholesalers and manufacturers, has been hurt by lower generic-drug prices, which the company said in April won't improve until the middle of 2018. Cardinal Health's Q1 revenue was $49.6 billion, an increase of 13% from the prior year period. August 06, 2009. Cardinal also was hit with surging costs for importing goods into the United States during the pandemic as shipping costs soared. Mr. Barrett, 62 years old, will remain in his role as executive chairman until the company's shareholder meeting in November 2018. Medical segment loss reached $(16) million primarily due to net inflationary impacts and global supply chain constraints in products and distribution. The first thing top of mind for me is talent, Greene said. Receive career-related communications and updates from us. One ongoing initiative is an upskilling program called Digital U. Spanning three levels Digital Fluency, Digital Immersion, and Digital Colleges the program delivers training in machine learning, design thinking, blockchain, analytics, and other skills aligned with where the business is going and how customer needs are changing. 67% of the management team is White. Market data provided byFactset. This material may not be published, broadcast, rewritten, or redistributed. Executive Summary. Cardinal names new CEO. 1 min read. "Mike is the reason I came. Construction of this ultra-modern in-house center in Bengaluru demonstrates our commitment to developing the next . Jason Hollar, Cardinal Health's Chief Financial Officer since 2020, stepped into the CEO role at the. Cardinal Health said in an emailed statement that "the separation of chairman and CEO was not in response to any group. Backed by nearly 100 years of experience, with more than 50,000 employees in nearly 60 countries, Cardinal Health ranks among the top 20 on the Fortune 500. Most relevant news about CARDINAL HEALTH, INC. New Cardinal Health research highlights rheumatologists' increasing confidence in biosi.. CARDINAL HEALTH, INC. : Ex-dividend day for. DUBLIN, Ohio - Cardinal Health's Board of Directors has elected Jason Hollar as the company's next CEO, effective September 1, 2022, succeeding Mike Kaufmann. Headquartered in Dublin, Ohio, Cardinal Health, Inc. Cardinal Health's board of directors has elected Jason Hollar as the company's new CEO, effective Sept. 1. "I am grateful for the privilege of serving alongside such a dedicated, purpose-driven, and talented team over the past three decades. Cardinal Health Inc. said Monday that Chief Executive George Barrett will step down in January after more than eight years in the post, as pricing pressure for generic drugs has weighed on the company in recent months. Mike Kaufmann, who has led Cardinal Health through lengthy court fights over opioid lawsuits and a pandemic that damaged global supply chains, is stepping down as CEO of the drug distribution. Sales increased 11% to $47.1 billion, beating the consensus of $44.71 billion. DUBLIN, Ohio, March 19, 2020 /PRNewswire/ -- Cardinal Health (NYSE: CAH) announced today that its board of directors elected Jason Hollar as Chief Financial Officer, effective May 12. George Barrett named chairman and CEO of Cardinal Health Health (Just Now) DUBLIN, Ohio, Aug. 5, 2009 Cardinal Health today announced that George Barrett has been elected to the company's board of directors and will serve as chairman and chief executive Lingering conservative lawsuits could still pose a challenge to the relief if they prevail. Revenue from the pharmaceutical segment increased 13% to $43.3 billion, driven primarily by branded pharmaceutical sales growth from large Pharmaceutical Distribution and Specialty customers. She took on the CIO role last month following the departure of Brian Rice, who joined McDonalds as Global CIO. Also Noted. Across these initiatives, she has her eye on opportunities to help the company keep pace with the fast-changing healthcare industry. RxLive, Inc. announced that it has received $5.049561 million in funding from SpringTid.. The Ohio-based company has undergone a series of leadership changes in recent weeks. Eticovo Vial is a medicine used to treat a variety of conditions such as ankylosing spondylitis, rheumatoid arthritis, psoriasis, ulcerative colitis, and Crohn's disease. As announced by Cardinal Health Inc. in a news release and in a regulatory filing published on Thursday, August 11, 2022, Michael C. (Mike) Kaufmann leaves his post as chief executive officer at the health care services company, after about five years in the role, effective September 1, 2022. 5/16/2022 by Chris Wilson. He joins a long list of executives who are recognized within their own circles, but don't get a lot of media attention. The company named current CFO Mike Kaufmann its new CEO, effective Jan. 1 . Cardinal Health Names New CEO -- Update. NEW ORLEANS (AP) Federal judges have ordered a 9-year-old lawsuit against oil and gas companies over damage to Louisiana's wetlands to be returned to state court for trial, potentially clearing the . DUBLIN, Ohio, Aug. 11, 2022 /PRNewswire/ -- Cardinal Health (NYSE: CAH) announced today that its Board of Directors has elected Jason Hollar as the company's next Chief Executive Officer,. Borrowers are awaiting a decision from a federal judge who heard arguments for a lawsuit last week. Ms. English is the chief accounting officer and senior vice president of Cardinal Health. The company said it had a $596 million operating loss, or $3.35 per share, for the year because of noncash charges of $2.1 billion in its medical business. It was truly the honor of a lifetime to serve as CEO of Cardinal Health these last five years," Kaufmann said in a statement. We apply our experience and deep understanding of healthcare to deliver solutions that reduce the total cost of healthcare while helping to improve the lives of patients. Where is Cardinal Health headquarters? New. Shareholders ended up opposing the pay proposal in July. Phone Email Victor Crawford Chief Executive Officer (Pharmaceut. . Mutual Fund and ETF data provided byRefinitiv Lipper. Linking and Reprinting Policy. Team Leader Distribution. Since the Impact program's inception in 1996, Vizient has delivered over $2.16 billion in rebate value to the hospitals it serves. announced a $26 billion settlement year ago, Your California Privacy Rights/Privacy Policy. Create New Portfolio Add Cardinal To Portfolio View Cardinal Modules . All rights reserved. That on-the-ground perspective, paired with relationships she developed with key business partners, have been useful as she identifies both pain points and new priorities. Senior Level. Privacy Policy. Cardinal Health. Cardinal Health stockholders--CEO Walter among the largest with about 8 percent of its stock--were well rewarded. Cardinal Health, Inc. corporate office in Dublin. 2022 FOX News Network, LLC. The move. Talking about the new center, Shane Abeyratne, Senior Vice President, Global Business Services, Cardinal Health stated, "CHII will play a meaningful role in Cardinal Health's work to continue transforming digital healthcare. Follow this author to stay notified about their latest stories. Load 10 more. Hollar will also join the Board of Directors effective August 11, 2022. The medical segment sales decreased 11% to $3.8 billion due to the divestiture of the Cordis business and lower products and distribution volumes. Cardinal Health has 26886 employees. Cardinal Health names new CEO, plans price increases to bolster earnings Caroline Hudson Cardinal Health Jason Hollar will take over as CEO at Cardinal Health effective Sept. 1.. Cardinal Health, along with its fellow distributors McKesson and Amerisource Bergen and pharmaceutical company Johnson & Johnson,announced a $26 billion settlement year ago. Cardinal Health generates $136.80B in revenue. In its 2017 annual report, the company said it was "vigorously defending" itself against those suits, which in part allege companies violated controlled-substance laws. Earnings per share fell 9% to $5.06 per share. My Equities; My Portfolios; Investing Opportunities; Crypto Center; Stories Depot . "Mike has been a tremendous leader during his tenure at Cardinal Health, helping the company navigate a period of unprecedented challenges, directing strategic investments for growth and innovation, and cultivating an inclusive and vibrant workforce culture. Cardinal names new CEO . Barrett has refocused Cardinal Health on its essential role in supporting hospitals, pharmacies and alternative sites of care in their .
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