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Cardinal taps Teva's Barrett as CEO of healthcare supply chain services

1/10/2008

DUBLIN, Ohio Cardinal Health has announced that George Barrett, chief executive officer of Teva North America, will join the company as vice chairman of Cardinal Health and chief executive officer of its Healthcare Supply Chain Services sector.

He will join the company at the end of January, reporting to chairman and chief executive officer R. Kerry Clark. Barrett served as corporate executive vice president of Teva’s global pharmaceutical markets from January 2007, as well as chief executive officer of Teva North America from January 2005. From 1999 to 2004, he was president and chief executive officer of Teva USA.

“I am very pleased to welcome George to Cardinal Health,” stated Clark. “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 chief financial officer Jeff Henderson for his strong, interim leadership of the supply chain business during the past three months.”

In his new role at Cardinal, Barrett will be responsible for all of Cardinal Health’s supply chain business. 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.

In other Cardinal news, David Schlotterbeck has been named vice chairman in addition to his role as chief executive officer of the company’s Clinical and Medical Products sector. This sector includes the company’s intravenous infusion, automated dispensing and respiratory systems, and infection prevention products.

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