6. George Barrett - Cardinal Health

2014 pay: $12.4 million
2015 pay: $13.2 million

2015 was a big year for Cardinal Health, and with CEO George Barrett at the helm, the company made some big moves. In early 2015, Cardinal said it would buy Johnson & Johnson’s ($JNJ) Cordis vascular device unit to build out its med tech offerings.

The deal handed Cardinal Health diagnostic and interventional devices such as catheters, balloons, stents, wires and vascular closure. Cardinal Health agreed to pay $1.9 billion in cash to get its hands on the portfolio.

The acquisition was a “really major move” for Cardinal Health and a “huge step forward in our strategy around the cardiovascular world,” Barrett said last year. The company wants to grow in medical devices, including areas where there’s an established product line and Cardinal Health can “add value, help standardization and improve outcomes,” he said.

Barrett’s 2015 pay included $1.3 million in base pay, $5.9 million in stock awards, $3.3 million in options and $2.5 million in non-equity incentives.
 

For more:
On heels of Cordis acquisition, Cardinal Health CEO says he wants to keep growing in the device arena
J&J confirms $1.9B sale of Cordis unit to Cardinal Health, ending months of speculation
Cardinal scores $1B DOD contract as dealmaking delivers growth

6. George Barrett - Cardinal Health

Suggested Articles

The respiratory care company Vyaire Medical has brought on a new CEO, Gaurav Agarwal, following a year of new product launches.

Precision oncology firm Notable Labs is launching its first self-sponsored clinical trial, designed from the ground up to help validate its platform.

Inotrem and Roche’s diagnostics division have upgraded their years-long collaboration on a plasma test for septic shock, with a new worldwide deal.