Cardinal Health appoints strategy head
14 August 2007 00:00 in Medical Company Restructures
Cardinal Health has announced the appointment of Vivek Jain as executive vice-president of strategy and corporate development, with responsibility for mergers and acquisitions and long-range planning that match the organic growth targets of the firm.
Before working at Philips, Mr Jain was an investment banker at JP Morgan Securities for over a decade, being named joint-head of the global healthcare investment banking group in 2002.
Over his career, Mr Jain's work has been focused on the diagnostics, medical devices and pharmaceutical products market.
Joining from Philips Medical Systems on August 20th 2007, Mr Jain will replace Brendan Ford in the role.
R Kerry Clark, chief executive officer of Cardinal Health, said: "Since 1991, Brendan has helped Cardinal Health grow from a $1 billion (0.5 billion pound) company to more than $85 billion.
He added that Mr Ford's efforts have been vital to the success of the firm and offered thanks for his work on establishing the basis of the firm's procedure in dealing with mergers and acquisitions.
In May 2007, Cardinal Health announced the appointment of Jim Hinrichs as executive vice-president and controller of the firm, while Stuart G Law was named vice-president and chief accounting officer.
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