Cardinal Health Inc.

09/09/2024 | Press release | Distributed by Public on 09/09/2024 10:32

Management Change/Compensation Form 8 K

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 6, 2024 and September 8, 2024, respectively, Steven K. Barg and Sujatha Chandrasekaran, both members of the Board of Directors (the "Board") of Cardinal Health, Inc. (the "Company") since 2022, informed the Company that they have decided not to stand for re-election to the Board when their terms expire at the 2024 annual meeting of shareholders. Both Mr. Barg and Ms. Chandrasekaran will continue to serve as directors until the 2024 annual meeting of shareholders. Mr. Barg and Ms. Chandrasekaran have each indicated that their decisions are not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.
Both Mr. Barg and Ms. Chandrasekaran were originally appointed as members of the Board pursuant to a cooperation agreement entered into on September 5, 2022 between the Company and Elliott Associates, L.P. and Elliott International, L.P. (together, "Elliott"). As Elliott's investor designee to the Board, Mr. Barg was a member of the Board's Business Review Committee that was chartered to conduct a review of the Company's strategy, portfolio, capital allocation framework, and operations during its tenure. The Business Review Committee sunsetted on July 15, 2024. Mr. Barg currently serves on the Board's Governance and Sustainability Committee. Ms. Chandrasekaran is a member of the Board's Audit and Risk Oversight Committees. The Company thanks Mr. Barg and Ms. Chandrasekaran for their service and for their valuable contributions during their tenure on the Board.
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