Robert D. Walter

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Robert D. Walter (born 1944) is an American businessman best known for his role in the creation of Cardinal Health.

Contents

Early life

Walter graduated from St. Charles Preparatory School in Columbus, Ohio, [1] and received a B.A. degree from Ohio University in 1967. [2] Walter later attended Harvard Business School, where he received an MBA. [3]

Career

In 1971, he founded Cardinal Foods after purchasing Monarch Foods, a small Ohio food wholesaler. [4] [5] In less than a decade his company became a regional food distributor. [6] In 1979, the company acquired Bailey Drug Company and began wholesaling drugs. [7] He renamed the company Cardinal Health. [5] By 1983, the company went public and, under Walter's direction, achieved $1 billion in revenue in 1991. [6]

In subsequent years, the company experienced extraordinary growth, "one of a handful of large U.S. companies that had achieved earnings-per-share growth in excess of 20 percent for 15 years straight." [8] Cardinal Health is now a Fortune 100 company and one of the largest distributors of pharmaceuticals, health & beauty products, and hospital supplies in the United States. [9] In 2007, he was #14 on Fortune magazine's list of the 25 top-paid male executives, with total compensation of $42.7 million the previous year. [10] He retired from Cardinal Health at the end of the 2008 fiscal year. [11]

In 2016, after serving on the board since 2006, he was named non-executive chairman of Louisville based Yum! Brands, the parent company of KFC, Pizza Hut and Taco Bell. [12] Walter previously served as a director of American Express, Nordstrom, CBS, Viacom and Westinghouse. [13]

Personal life

He is married to Margaret "Peggy" Walter, who also attended Ohio University. [14] The Walters have given support to the Ohio University community including Margaret Walter Hall, and to the Columbus Museum of Art, [15] where they donated $10,000,000, the largest gift in the Museum’s history, in 2015. [16] Walter resides in Columbus, Ohio; Boca Raton, Florida; and Park City, Utah.

References

  1. ↑ Bell, Jeff (5 November 2012). "First Look: St. Charles building new athletic complex in boost to neighborhood". Columbus Business First.
  2. ↑ "Ohio receives $10 million gift". The Columbus Dispatch. Retrieved 2020-07-13.
  3. ↑ Galuszka, Peter. "The $9 Billion Company Nobody Knows". Bloomberg. Retrieved May 18, 2016.
  4. ↑ Williams, Mark (26 February 2003). "Cardinal Health CEO Quietly Builds Powerful Company". The Ledger. Retrieved 2020-07-13.[ permanent dead link ]
  5. 1 2 Richison, Nancy L. (2014). Dublin. Charleston, SC: Arcadia Publishing. p. 127. ISBN   978-1-4396-4828-5.
  6. 1 2 Kuglin, Fred A. (2015). Pharmaceutical Supply Chain: Drug Quality and Security Act. Boca Raton, FL: CRC Press. ISBN   978-1-040-08490-8.
  7. ↑ Hensley, Scott (19 April 1999). "THE CARDINAL RULES: GROWTH, AGILITY: CARDINAL CEO ROBERT WALTER HAS USED RELENTLESS DEALMAKING TO BUILD A DIVERSE HEALTHCARE GIANT". Modern Healthcare. Retrieved 2020-07-13.
  8. ↑ Teagarden, Mary B. (March 11, 2009). "Cardinal Health, Inc. (Case Study A)". Harvard Business School. Retrieved May 20, 2016.
  9. ↑ "Fortune 500". Fortune. 2015. Retrieved May 18, 2016.
  10. ↑ "25 Highest-paid men". Fortune. Retrieved May 20, 2016.
  11. ↑ "Cardinal names CEO Clark as chairman". Reuters. 2007-09-24. Retrieved 2020-07-08.
  12. ↑ Dispatch, The Columbus (March 8, 2016). "Cardinal Health founder Bob Walter now chairman of KFC, Pizza Hut parent". The Columbus Dispatch . Retrieved 5 August 2019.
  13. ↑ "Our People | Bob Walter". Talisman Capital Partners. Retrieved 5 August 2019.
  14. ↑ "Walter Hall | Ohio University". www.ohio.edu. Retrieved 2024-10-29.
  15. ↑ Gilson, Nancy (31 August 2015). "Columbus Museum of Art names new wing in honor of benefactors". The Columbus Dispatch. Archived from the original on 24 September 2015. Retrieved 1 November 2015.
  16. ↑ "Columbus Museum of Art Announces Margaret M. Walter Wing". Columbus Museum of Art. Columbus Museum of Art. 31 August 2015. Retrieved 5 August 2019.


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