Cardinal Health, a leading healthcare giant in America, recently reported its operating earnings for Q3 of the 2025 fiscal year at $807 million. The company’s transformation is a testament to the effectiveness of its new CEO, Jason Hollar, who implemented “ruthless prioritization” and slashing business segments to turn around the Fortune 500 company.
In his first three years as CEO, Hollar has overseen significant changes, including exiting product lines, pulling out of countries, and selling off non-healthcare assets. He has also streamlined operations, focusing on faster-growing parts of the industry, and increased capital expenditures in specialty growth initiatives.
Hollar’s approach was not without controversy, but surprisingly, his staff were supportive of the changes. The CEO believes that employees want to “win” and that Cardinal Health needed a more disciplined approach to succeed.
Under Hollar’s leadership, Cardinal Health has seen significant improvements in service levels, productivity, efficiency, and safety. He attributes this success to simplifying operations and reprioritizing resources towards faster-growing areas of the business.
Hollar also acknowledged the importance of accountability and demonstrated his commitment to living up to company values through personnel changes, such as restructuring direct reports and adding new talent.
The results speak for themselves: $5 billion in M&A over 18 months, and a significant turnaround in operating earnings. Hollar’s leadership has put Cardinal Health back on track, and the company is now poised for continued success under his guidance.
Source: https://fortune.com/2025/07/20/cardinal-health-ceo-jason-hollar-business-turnaround-fortune-500-healthcare-employees-winning