Summary
Cardinal Health, Inc. (CAH) announced a change to its Board of Directors with the election of David J. Anderson, effective April 25, 2014. Mr. Anderson brings extensive financial leadership experience, having most recently served as Senior Vice President and Chief Financial Officer of Honeywell International Inc. until April 7, 2014. His appointment to the Board, specifically to the Audit Committee, suggests a continued focus on financial oversight and governance by the company. Mr. Anderson's tenure on the Board will extend until the 2014 annual meeting of shareholders. His independence has been confirmed by both the New York Stock Exchange and Cardinal Health's own Corporate Governance Guidelines, which is a positive signal for investor confidence in board-level decision-making. His compensation will align with the standard director arrangements previously outlined by the company.
Key Highlights
- 1David J. Anderson elected to the Board of Directors, effective April 25, 2014.
- 2Mr. Anderson appointed to the Audit Committee of the Board.
- 3Mr. Anderson previously served as Senior Vice President and Chief Financial Officer of Honeywell International Inc.
- 4Mr. Anderson is considered independent under NYSE and Cardinal Health's Corporate Governance Guidelines.
- 5Mr. Anderson's appointment is effective until the 2014 annual meeting of shareholders.
- 6Mr. Anderson will receive standard director compensation.
- 7Mr. Anderson continues as a Honeywell employee until June 1, 2014, and will serve as a consultant thereafter.