5/15/2023 0 Comments Cardinal chains 6 0![]() ![]() We're grateful for their leadership and contributions and wish them both the very best," said Gregory Kenny, Independent Chairman of the Board of Cardinal Health. ![]() "We'd like to thank Dean and John for their service to the Board. The Company expects to conduct an investor day in the first half of calendar 2023 to share the Board's conclusions and to provide additional guidance. The Committee, with the assistance of the Company's legal and financial advisors, will make recommendations to the full Board. Barg and Akhil Johri will also serve on the Committee. The Business Review Committee will be chaired by Chief Executive Officer Jason Hollar Mr. Following the Annual Meeting, Cardinal Health's Board will consist of 54% women and 23% racially or ethnically diverse individuals.Ĭardinal Health's Board has also formed a new Board committee, the Business Review Committee, to support a comprehensive review of the Company's strategy, portfolio, capital-allocation framework, and operations with the goal of maximizing Cardinal Health's potential for the benefit of all stakeholders. Two existing Directors – Dean Scarborough and John Weiland – have announced their intentions to conclude their Board service at the end of their previously elected terms this fall and will not stand for re-election at Cardinal Health's 2022 Annual Meeting, resulting in a 13-member Board. With these immediate appointments, Cardinal Health's Board will be made up of 15 Directors, 14 of whom are independent under the Company's director independence standards. ![]() In connection with these initiatives, Elliott has also entered into a cooperation agreement with Cardinal Health, and Elliott's Steven Barg will join the Company's Board of Directors.Īs part of Cardinal Health's ongoing commitment to Board refreshment and the initiatives announced today, the Governance and Sustainability Committee of the Board has recommended and the Board has approved the appointment of four new independent directors: Steven Barg, Michelle Brennan, Sujatha Chandrasekaran and Christine Mundkur. These initiatives have benefited from input received from Elliott Investment Management L.P. 6, 2022 /PRNewswire/ - Cardinal Health (NYSE: CAH) today announced initiatives aimed at positioning the Company for long-term success, building on Cardinal Health's previously announced growth plans. Adds Four New Independent Directors to the Boardįorms New Business Review Committee to Evaluate Portfolio and OperationsĭUBLIN, Ohio, Sept. ![]()
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