Barrett, David Schlotterbeck Named Vice Chairmen
DUBLIN, Ohio, Jan. 10 /PRNewswire-FirstCall/ -- Cardinal Health, a
global provider of products and services that improve the safety and
productivity of health care, today announced that George S. Barrett, chief
executive officer (CEO) of Teva North America, will join the company as
vice chairman of Cardinal Health and CEO of its Healthcare Supply Chain
Services sector.
Barrett, 52, will join the company at the end of January and report to
Chairman and CEO R. Kerry Clark. He served as corporate executive vice
president of Teva's Global Pharmaceutical Markets since January 2007, as
well as CEO of Teva North America since January 2005. He was president and
CEO of Teva USA from 1999 to 2004.
David L. Schlotterbeck, 60, has also been named vice chairman in
addition to his role as CEO of the company's Clinical and Medical Products
sector. This sector includes the company's market-leading intravenous
infusion, automated dispensing and respiratory systems, and infection
prevention products.
"I am very pleased to welcome George to Cardinal Health," Clark said.
"His strategic leadership, deep operational experience and outstanding
global knowledge of the pharmaceutical industry will help us on our path to
becoming the premier global health care company. I am also very grateful to
our CFO Jeff Henderson for his strong, interim leadership of the supply
chain business during the past three months."
Barrett will be responsible for all of Cardinal Health's supply chain
businesses, which comprise the nation's largest distributor of
pharmaceuticals and medical supplies to retail and independent pharmacies,
hospitals, laboratories and physician offices. This sector operates more
than 70 distribution centers, 160 nuclear pharmacies and six surgical
kitting facilities. In its most recent fiscal year, the supply chain sector
contributed 70 percent of Cardinal Health's consolidated profit.
"Cardinal Health has so many touch points to our health care system,
and has a great opportunity to influence the way in which health care is
delivered," Barrett said. "I look forward with excitement to this
challenge."
Healthcare Supply Chain Services is Cardinal Health's largest sector,
distributing products from 3,000 manufacturers of pharmaceuticals, medical
supplies and equipment to pharmacies, hospitals, clinics and lab customers
every day. In fiscal 2007, the company reported $76.6 billion in revenue
from pharmaceutical supply chain services and $7.5 billion in revenue from
medical supply chain services.
Prior to joining Teva in 1999, Barrett served as CEO of Diad Research,
a technology start-up. From 1990 to 1997, he held various senior management
positions with pharmaceutical companies Alpharma Inc. and NMC Laboratories.
Barrett is a past chairman of the Generic Pharmaceutical Association and is
on the board of ambassadors of Johns Hopkins School of Medicine's Project
Restore. He received his bachelor's degree from Brown University in 1977
and his master's degree in Business Administration from New York University
in 1988.
About Cardinal Health
Headquartered in Dublin, Ohio, Cardinal Health, Inc. (NYSE: CAH) is an
$87 billion, global company serving the health care industry with products
and services that help hospitals, physician offices and pharmacies reduce
costs, improve safety, productivity and profitability, and deliver better
care to patients. With a focus on making supply chains more efficient,
reducing hospital-acquired infections and breaking the cycle of harmful
medication errors, Cardinal Health develops market leading technologies,
including Alaris(R) IV pumps, Pyxis(R) automated dispensing systems,
MedMined(TM) infection surveillance services and the CareFusion(TM) patient
identification system. The company also manufactures medical and surgical
products and is one of the largest distributors of pharmaceuticals and
medical supplies worldwide. Ranked No. 19 on the Fortune 500 and No. 1 in
its sector on Fortune's ranking of Most Admired firms, Cardinal Health
employs more than 40,000 people on five continents. More information about
the company may be found at http://www.cardinalhealth.com.
SOURCE Cardinal Health, Inc.
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Related links:
http://www.cardinalhealth.com
CONTACT:
Media: Jim Mazzola, +1-614-757-3690,
jim.mazzola@cardinalhealth.com, or Investors: Bob Reflogal,
+1-614-757-7542, bob.reflogal@cardinalhealth.com
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