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George Barrett Named Chairman and CEO of Cardinal Health
Date:8/5/2009

DUBLIN, Ohio, Aug. 5 /PRNewswire-FirstCall/ -- Cardinal Health today announced that George Barrett has been elected to the company's board of directors and will serve as chairman and chief executive officer of Cardinal Health, effective on the completion of the planned spinoff of CareFusion Corp. on Aug. 31.

Barrett, 54, has been vice chairman and chief executive officer of the company's Healthcare Supply Chain Services segment since joining Cardinal Health in January 2008 and will replace R. Kerry Clark who previously announced that he would retire from the company upon completion of the CareFusion spinoff.

"On behalf of the board and all of Cardinal Health, I want to thank Kerry for his clear vision and leadership during his tenure as chairman and CEO," said Richard Notebaert, a Cardinal Health director since 1999. "His legacy begins with the repositioning of Cardinal Health to better serve our hospital and pharmacy customers and will culminate in the planned spinoff of CareFusion - enabling two companies to better serve their customers, employees and shareholders. We wish him all the best in his next chapter of life."

In addition, the Cardinal Health board authorized a $500 million share repurchase program, primarily to offset dilution from equity grants associated with the company's long-term incentive program for employees. The share repurchase authorization expires Aug. 31, 2012.

The board also declared the 100th consecutive regular quarterly dividend, which will pay $0.175 per share on Oct. 15 to shareholders of record on Oct. 1. Cardinal Health had approximately 361 million shares outstanding as of June 30.

Glenn A. Britt, 60, chairman, president and chief executive officer of Time Warner Cable, was also named as a director, effective Oct. 1. Britt joined Time Inc. in 1972 and held finance positions of
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SOURCE Cardinal Health, Inc.
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