Close this search box.
Close this search box.

Under Mike Kaufmann, Cardinal Health Makes Headway On 2019 Priorities

Under CEO Mike Kaufmann, Cardinal Health is making headway on its fiscal 2019 priorities. “While we still have a lot of work to do, there is much to be excited about,” said Kaufmann.
Michael C. Kauffman Photo: Cardinal Health

Under CEO Mike Kaufmann, Cardinal Health is making headway on its fiscal 2019 priorities.

The Dublin, Ohio-based company provides medical products and services to hospitals, health systems, pharmacies, ambulatory surgery centers, clinical laboratories and physician offices worldwide, and operates the largest network of radiopharmacies in the U.S.

Cardinal Health has approximately 50,000 employees in 46 countries, and ranks among the top 25 on the Fortune 50. The company says it serves nearly 85% of U.S. hospitals, more than 6,700 labs with more than 53,000 laboratory products, more than 26,000 pharmacies, more than 10,000 specialty physician offices and clinics, and nearly 3 million patients with more than 45,000 home healthcare products.

“We see exciting opportunities for Cardinal Health, as well as significant work to be done to best position the company in an evolving industry landscape to deliver the greatest value for our investors, customers, communities and employees,” Kaufmann wrote in the company’s last annual shareholder report.

Priorities for the fiscal year include actively evaluating Cardinal Health’s portfolio and business mix; evaluating upstream and downstream elements of its pharmaceutical model; stabilizing the Cordis cardiology and endovascular business that it bought from Johnson & Johnson in 2015 and positioning Cordis for growth; integrating the “patient recovery” products and service business that it bought from Medtronic in 2017; and becoming “laser focused” on the company’s cost structure.

“We are committed to approaching our cost structure and operations diligently and responsibly,” Kaufmann wrote. “This includes creating a culture in which every manager is asking what we should do versus what we could do, and what we should spend versus what we could spend. Using various tools and analytics, we plan to deliver more than $200 million in annualized savings by fiscal 2020. Simply put, we are intensely focused on each dollar we spend.”

So far this year, Cardinal Health has made significant progress on these strategic priorities, Kaufmann said in the company’s fiscal second-quarter earnings call in February.

“While we still have a lot of work to do, there is much to be excited about,” he said. “We have made significant progress, improving execution, sharpening our portfolio, getting after cost and strengthening our leadership team.”

A nearly 29-year veteran of Cardinal Health, Kaufmann became CEO and a board director in January 2018. He has served in a wide range of leadership positions across operations, sales and finance, with his most recent role as CFO. During his tenure, Kaufmann was instrumental in orchestrating key activities such as the joint venture with CVS Health that formed Red Oak Sourcing and the creation of Fuse, the Cardinal Health technology innovation center, the company writes on its website.

Kaufmann also serves as executive sponsor of the Cardinal Health Women’s Initiative Network. His support of women leaders in healthcare led to the Healthcare Businesswomen’s Association naming Kaufmann as its 2012 “Honorable Mentor” and the Institute for Women’s Leadership awarding him the 2014 “Guys Who Get it Award.”


He’s No. 15 on Chief Executive and RHR International’s CEO1000 Tracker, a ranking of the top 1,000 public/private companies

Headquarters: Dublin, OH

Age: 56

Education: Bachelor’s, Ohio Northern University

First joined company: 1990

Prior to joining Cardinal Health: Arthur Andersen

Named CEO: 2017


  • Get the CEO Briefing

    Sign up today to get weekly access to the latest issues affecting CEOs in every industry
  • upcoming events


    Strategic Planning Workshop

    1:00 - 5:00 pm

    Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process

    Executives expressed frustration with their current strategic planning process. Issues include:

    1. Lack of systematic approach (70%)
    2. Laundry lists without prioritization (68%)
    3. Decisions based on personalities rather than facts and information (65%)


    Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns.  They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning.  Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process.  This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented.  If you are ready for a Strategic Planning tune-up, select this workshop in your registration form.  The additional fee of $695 will be added to your total.

    To sign up, select this option in your registration form. Additional fee of $695 will be added to your total.

    New York, NY: ​​​Chief Executive's Corporate Citizenship Awards 2017

    Women in Leadership Seminar and Peer Discussion

    2:00 - 5:00 pm

    Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations. 

    Limited space available.

    To sign up, select this option in your registration form. Additional fee of $495 will be added to your total.

    Golf Outing

    10:30 - 5:00 pm
    General’s Retreat at Hermitage Golf Course
    Sponsored by UBS

    General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.

    The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.

    To sign up, select this option in your registration form. Additional fee of $295 will be added to your total.