Cardinal Health selects chief financial officer as new CEO

Cardinal Health's board of directors has elected Jason Hollar as the company's new CEO, effective Sept. 1. The company's current CEO, Mike Kaufmann, is stepping down. 

Mr. Hollar has served as Cardinal Health's chief financial officer since May 2020. Before joining Cardinal, Mr. Hollar served as the CFO and executive vice president for Tenneco, a global automotive products manufacturer.

Mr. Kaufmann has served as CEO since 2018. He spent more than 30 years at Cardinal, serving in roles across operations, sales and finance. The leadreship changes come as the company deals with the effects of inflation and supply chain constraints on the medical supplies segment of its busienss, according to The Wall Street Journal.

Cardinal also named Patricia English as the interim CFO while the board works with an "executive search firm to evaluate candidates" for the permanent position, the company said in an Aug. 11 news release. Ms. English is the chief accounting officer and senior vice president of Cardinal Health. 

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