On January 10, 2018, Cerner Corporation ("Cerner" or the "company") announced the appointment of Brent Shafer as its Chief Executive Officer and Chairman of the Board, effective February 1, 2018. He will be appointed as a Class I director on the company's Board of Directors. At the effective date, Clifford W. Illig, who has served as the company's Interim Chief Executive Officer and Chairman of the Board, will continue on the Board as a Class II director and will resume his role as the company's Vice Chairman of the Board.

Mr. Shafer, age 60, is joining Cerner after serving as Chief Executive Officer of Philips North America, since February 2014. In that position, Mr. Shafer led an organization of 17,000 employees and oversaw a health technology portfolio that included a broad range of solutions and services covering patient monitoring, imaging, clinical informatics, sleep and respiratory care as well as a group of consumer-oriented brands. For 12 years, Shafer played a key role in helping Philips develop and strengthen its health care focus, increase its profitability and grow its market share.

Prior to his most recent position, Mr. Shafer served as Chief Executive Officer of the global Philips' Home Healthcare Solutions business, from May 2010 until May 2014, as Chief Executive Officer of the North America region for Royal Philips Electronics from January 2009 until May 2010, and as president and Chief Executive Officer of the Healthcare Sales and Service business for Philips North America from May 2005 until May 2010.