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Cardinal Health adds Losh to board

BY David Salazar

Cardinal Health’s board of directors has a new member. The company on Friday announced that the board had elected J. Michael Losh as an independent director, effective Dec. 5. A former interim CFO of Cardinal Health, he will serve as chairman of the board’s audit committee.

Among Losh’s experience is his time as a Cardinal health director from 1996 to 2009, when the company spun off CareFusion. He then served as the presiding director at CareFusion until it was acquired by BD in 2015. He was previously executive vice president and CFO of General Motors from 1994 to 2000, a role that followed 30 years with GM in such areas as manufacturing, operations, supply chain management and organizational design. He held the interim CFO position at Cardinal Health from July 2004 to May 2005.

“Mike’s understanding of our business and his experience handling complex matters at publicly-traded companies positions him strongly to add value to our board,” said Gregory Kenny, chairman of the board for Cardinal Health. “We look forward to welcoming Mike back to the Cardinal Health board and benefiting from his wealth of knowledge – not only his specific financial acumen but also the wise counsel that he has given to companies as they navigated change while focused on continuous improvement and operating excellence.”

 

 

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Highlights from DSN’s 20th Industry Issues Summit

BY DSN STAFF

This year’s Drug Store News’ Industry Issues Summit, held Nov. 28 at New York City’s Ziegfeld Ballroom, marked the 20th installment of the annual event. It brought together nearly 300 executives from retailers and manufacturers, all of whom heard from their colleagues in panels focused on key topics impacting the industry.

The event featured five panels, as well as a keynote speech from Scott Galloway, a professor at the New York University Stern School of Business and New York Times best-selling author.

“I really felt that this year’s Industry Issues Summit was the best yet,” said Eric Savitch, the brand director of Drug Store News and host of the summit. “Where else can our industry draw so many top officials, including many retailers, to discuss the key issues impacting our industry. I was just amazed at how much information was being shared by the panels and how much material was available for attendees to take back to their home offices and to share with their own colleagues.

Above, see highlights from this year’s event, and click here to read more about it.

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BGJ Group adds Yakulis, Carter to team

BY DSN STAFF

Retail-focused management consulting firm Burke Gillis Juliano Group has added more than 25 years of industry experience with its two new hires. The Naples, Fla.-based firm has announced that Mike Carter and Alex Yakulis have joined the firm as associates.

Carter will focus on wholesale and retail distribution, as well as consumer good and marketing services, and Yakulis will be focused on retailer engagement, in-store retail execution and experiential marketing.

“Mike and Alex’s expertise in marketing, business development and operational execution will help our clients profitably grow their businesses,” said Jim Gillis, principal at BGJ Group. “They share our enthusiasm for our industry and we are fortunate to have them join the BGJ team. Mike will be continuing his relationship with TNG, which focuses on mergers and acquisitions, and has already brought in some important new business to BGJ. Alex is a unique resource in the industry and could have gone anywhere after Crossmark, but chose BGJ because of the potential of our team. We expect great things from both of these leaders in the future”

Alex Yakulis

Yakulis was most recently executive vice president of business development at Crossmark, where he led top-line growth efforts. He serves on advisory boards for such industry organizations as GMDC, the National Association of Chain Drug Stores, the Consumer Healthcare Products Association and the National Association for Retail Marketing Services.

“BGJ Group does an amazing job of helping companies realize their full marketing and merchandising potential. I’m looking forward to bringing my skillset and my network of connections to strengthen that capability,” said Yakulis

Mike Carter

Carter was previously executive vice president and chief revenue for retail service and distribution company TNG, having also served as president of select media and select merchandising. He is part of the Global Marketing Development Center’s Retail Tomorrow advisory board.

“Vince, Jim and Rich have gathered some of the best minds in the industry at BGJ Group, so I appreciate their asking me to join the firm,” Carter said. “I’ll do my best to help retailers and suppliers address the challenges and opportunities present in today’s hyper-competitive marketplace.”

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