Cardinal Health Promotes CFO Jason Hollar To Succeed Mike Kaufmann As CEO

RTTNews | 986 days ago
Stocktwits
Cardinal Health Promotes CFO Jason Hollar To Succeed Mike Kaufmann As CEO

(RTTNews) - Healthcare services company Cardinal Health (CAH) announced Thursday that its Board of Directors has elected Jason Hollar as the company's next Chief Executive Officer, effective September 1, 2022. Hollar will also join the Board of Directors effective August 11, 2022. Hollar will succeed current Chief Executive Officer Mike Kaufmann.

Hollar, an experienced financial and operating executive, has served as Cardinal Health's Chief Financial Officer since May 2020. Prior to joining Cardinal Health, Hollar served as CFO and EVP for Tenneco. Before that, Hollar served as CFO and SVP of finance for Sears Holdings Corp.

In addition, Patricia English will serve as Cardinal Health's interim Chief Financial Officer, working with Hollar to ensure a smooth transition. English currently serves as Chief Accounting Officer and Senior Vice President of Cardinal Health and previously served as Vice President of accounting in both the pharmaceutical and medical segments.

Cardinal Health's Board will engage an executive search firm to evaluate candidates for the permanent Chief Financial Officer position.

Tags: CAH
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Cardinal Health Lifts FY24 View Above Market After Profit In Q4, Plans Buyback; Stock Up

Cardinal Health Lifts FY24 View Above Market After Profit In Q4, Plans Buyback; Stock Up

Shares of Cardinal Health, Inc. were gaining more than 7 percent in the pre-market activity on the NYSE after the healthcare company on Wednesday raised its fiscal 2024 adjusted earnings forecast above the market after reporting a profit in its fourth quarter, compared to prior year's loss. The improved results reflected strong revenues from both segments.
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