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Cardinal Health (NYSE: CAH), Dublin, OH, has named Mike Kaufmann, its current CFO, to serve as the company's CEO and join its board of directors. Kaufmann succeeds George Barrett, Cardinal Health's current chairman and CEO. Jorge Gomez, CFO of Cardinal Health's medical segment, will succeed Kaufmann as CFO.
The company also reported sales for the fiscal first quarter of $32.6 billion, an increase of 2 percent compared to the same period a year ago. Profit decreased from $309 million to $115 million.
Pharmaceutical segment sales increased 1 percent year-over-year to $28.9 billion and medical segment sales grew 14 percent to $3.7 billion.