Michael C. Kaufmann to Become CFO of Cardinal Health; Jon Giacomin to Lead Pharmaceutical Segment

Cardinal Health has announced that Michael C. Kaufmann, 51, has been named Chief Financial Officer of the company effective 11 November 2014. This follows the previously announced planned retirement of current Chief Financial Officer Jeffrey W. Henderson, 49. Jon Giacomin, 49, has been named to the role of Chief Executive Officer of the pharmaceutical segment, currently held by Mike Kaufmann, also effective 11 November 2014.

"During the past 24 years, Mike has demonstrated a track record of high performance across many roles for Cardinal Health. His unique blend of financial acumen and extensive operational experience make him ideally suited to take the position of CFO," said George Barrett, Chairman and CEO of Cardinal Health. "We are excited to work with Mike in this new capacity. I'm thrilled that this move also allows us to bring Jon Giacomin into the pharmaceutical segment leadership role. We are privileged to have the opportunity to draw from the deep well of our internal talent."

Kaufmann has served in the role of CEO of Cardinal Health's pharmaceutical segment since 2009. He joined Cardinal Health in 1990 and held a number of senior operational, sales and finance positions. These positions included group president of the medical business of the former healthcare supply chain segment, after serving as the segment's CFO. Prior to joining Cardinal Health, Kaufmann had a successful career in audit and consulting with Arthur Andersen, formerly one of the nation's largest public accounting firms.

Kaufmann is a member of the executive committee of the boards of the Healthcare Distribution Management Association and the National Association of Chain Drug Stores, and a trustee at Ohio Northern University. Kaufmann is the executive sponsor of the Cardinal Health Women's Initiative Network Employee Resource Group, which is dedicated to fostering partnerships that create a great place for women to work and grow their careers, while building a sustainable competitive advantage for Cardinal Health.

To ensure a seamless transition, current Cardinal Health CFO Jeff Henderson will remain as an employee until his retirement just past the end of the fiscal year in August 2015. He will continue to have oversight for Cardinal Health China, in addition to working with the Cardinal Health leadership team on significant initiatives.

Jon Giacomin to Lead Pharmaceutical Segment

A 12-year veteran of Cardinal Health, Giacomin currently serves as president of US Pharmaceutical Distribution. Prior to this, he was Executive Vice President of Pharmaceutical Operations, where he was responsible for warehouse operations at 22 distribution centers and pharmaceutical packaging operations. Giacomin joined Cardinal Health in the pharmaceutical packaging business and served as its Vice President and General Manager before moving to the position of Senior Vice President of inventory management for the former Healthcare Supply Chain Services segment.

Prior to joining Cardinal Health, Giacomin held engineering and operating roles for Griffith Micro Science and Sterigenics. He also served as a lieutenant in the US nuclear Navy, where he held an engineering role.

He currently serves on the boards of trustees of the National Association of Chain Drug Stores Foundation and the Cardinal Health Foundation and as the executive sponsor of the Cardinal Health Veterans and Military Advocates Employee Resource Group.