Cardinal Health CEO's Ruthless Turnaround Yields Big Profits | JQJO

Cardinal Health, a major US healthcare supplier, underwent a significant turnaround under CEO Jason Hollar. Facing declining earnings, Hollar implemented a "ruthless" simplification strategy, cutting unprofitable segments and exiting certain markets. This involved streamlining operations, reducing M&A activity initially, and refocusing on core strengths. The strategy proved successful, with Q3 2025 operating earnings reaching $730 million, a substantial improvement. Hollar emphasized accountability and aligning actions with company values to boost employee morale and achieve a company-wide win.