Cardinal Health Finance Chief To Step Down

By Kimberly Chin

Cardinal Health Inc.'s (CAH) Chief Financial Officer Jorge Gomez will step down next month to take on the finance chief role at Dentsply Sirona Inc. (XRAY).

Mr. Gomez's departure, effective Aug. 9, isn't related to "financial performance, policy or control issues or any disagreements on accounting or financial reporting matters," Cardinal Health said in a filing.

Shares of Cardinal were down 4.6% in premarket trading. Dentsply Sirona's shares were unchanged.

Mr. Gomez held the CFO role since January 2018. Prior to that, he was the finance chief of the medical and pharmaceutical divisions and the treasurer and corporate controller at the Dublin, Ohio, healthcare services company.

Chief Executive Michael Kaufmann also will serve as interim CFO when Mr. Gomez leaves. Mr. Kaufmann has been at the top spot since January 2018. He previously served in the CFO role at Cardinal from 2014 to 2017.

Mr. Gomez will start his role at Dentsply Sirona around Aug. 12, succeeding Nicholas Alexos. According to the company, he will be given an annual base salary of $725,000, a one-time signing bonus of $500,000 and a make-whole cash payment of $600,000.

Dentsply Sirona, based in York, Pa., is a maker of professional dental products and technologies.

(END) Dow Jones Newswires

July 08, 2019 09:12 ET (13:12 GMT)

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