- The shares of drug distributor Cardinal Health ( NYSE: CAH ) fell ~3% in the pre-market Thursday after the company announced the resignation of its Chief Executive Officer Mike Kaufmann.
- Kaufmann, an executive with over 30 years of service will also step down from the company’s board of directors.
- Jason Hollar who served as Cardinal Health’s ( CAH ) Chief Financial Officer since May 2020 will replace Kaufmann effective September 1 and join the board of directors effective August 11.
- Patricia English, who currently serves as Chief Accounting Officer and Senior Vice President of Cardinal Health ( CAH ) will serve as the company’s CFO on an interim basis and work with Hollar to ensure a smooth transition in the role.
- "We look forward to leveraging Jason's broad executive experience and are confident in his ability to lead Cardinal Health on a path to long-term growth," Gregory Kenny, Cardinal Health's ( CAH ) Independent Chairman of the board remarked.
For further details see:
Cardinal Health slips as CEO departs