JOURNAL ARTICLE
After earnings fell by $300 million, Cardinal Health's CEO went 'ruthless' to turn it around—and he says workers backed him because 'people want to win'.
Published In: Fortune.com, 2025. P. N.PAG 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Burleigh, Emma 3 of 3
Abstract
The article focuses on the turnaround strategy implemented by Jason Hollar, CEO of Cardinal Health, a major healthcare company in the U.S., which faced a significant decline in earnings. Hollar's approach, described as "ruthless prioritization," involved slashing underperforming business segments and simplifying operations to enhance efficiency and productivity. Since his appointment in late 2022, Cardinal Health has seen a recovery in its operating earnings, reaching $807 million in Q3 of the 2025 fiscal year, as Hollar emphasized accountability and focused on core growth areas rather than pursuing mergers and acquisitions initially. The changes were well-received by employees, who were eager for improvement after previous struggles. [Extracted from the article]
Additional Information
- Source:Fortune.com. 2025/07, pN.PAG
- Document Type:Article
- Subject Area:Consumer Health
- Publication Date:2025
- Accession Number:186778355
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