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.

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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 Dublin, Ohio; Boca Raton, Florida; and Park City, Utah.

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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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