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Cardinal Health Appoints Bruce Downey to Board of Directors; John McCoy Retires From Board After 22 Years
Date:7/2/2009

DUBLIN, Ohio, July 2 /PRNewswire-FirstCall/ -- Cardinal Health today announced that Bruce L. Downey will join the company's board of directors effective upon the completion of the planned spinoff of CareFusion Corporation, replacing John B. McCoy who has retired from the board for personal reasons after 22 years of service to the company as a director.

Downey is the former chairman and chief executive officer of Barr Pharmaceuticals, Inc. and past chairman of the Generic Pharmaceutical Association.

"John McCoy has been a committed board member for more than two decades, and we extend our sincere appreciation for the invaluable guidance he has provided during a tenure that helped transform Cardinal Health into the industry leader it is today," said R. Kerry Clark, Cardinal Health chairman and chief executive officer. "John has been part of a tremendous growth story since 1987, and we wish him well in the future."

Downey served from 1994 to 2008 as chairman and chief executive officer of Barr, a global specialty pharmaceutical company that operated in more than 30 countries. During Downey's tenure at Barr, the company grew revenue from $60 million to more than $2.5 billion and became the fourth largest global generic drug company prior to its acquisition by Teva. Prior to joining Barr, Downey was a partner at the law firm of Winston and Strawn. He began his career in the Honors Program of the U.S. Department of Justice. He later worked as a special litigation counsel at the U.S. Department of Energy.

Downey currently serves as the chair of the Board of Ambassadors for Johns Hopkins' Project RESTORE, which funds research and clinical trials to support the creation of progressive treatments for transverse myelitis and multiple sclerosis. He also serves on the board of Momenta Pharmaceuticals and is a partner in NewSpring Health II, a venture capital firm.

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SOURCE Cardinal Health, Inc.
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