Baxter Appoints Cathy R. Smith to Its Board

Target CFO Complements Current Board Expertise

DEERFIELD, Ill.–(BUSINESS WIRE)–Baxter International Inc. (NYSE:BAX) today announced it has appointed
Cathy R. Smith, executive vice president (EVP) and chief financial
officer (CFO), Target Corporation, to its Board of Directors, bringing
the total number of directors serving the company at this time to 13.
Ms. Smith now also serves on Baxter’s Audit Committee.

“We are pleased to welcome Cathy to Baxter’s board,” said José (Joe) E.
Almeida, chairman and chief executive officer. “Her broad and deep
financial knowledge and corporate leadership experience will enhance our
current board membership, supporting our goal to deliver sustainable
top-quartile results for our shareholders and helping advance our
mission to save and sustain lives.”

Prior to joining Target in 2015, Ms. Smith served as EVP and CFO at
Express Scripts. She has also held EVP and CFO positions at Walmart
International, GameStop and others. Ms. Smith received her bachelor’s
degree from the University of California, Santa Barbara, and her MBA
from the University of Southern California.

About Baxter

Baxter provides a broad portfolio of essential renal and hospital
products, including home, acute and in-center dialysis; sterile IV
solutions; infusion systems and devices; parenteral nutrition; surgery
products and anesthetics; and pharmacy automation, software and
services. The company’s global footprint and the critical nature of its
products and services play a key role in expanding access to healthcare
in emerging and developed countries. Baxter’s employees worldwide are
building upon the company’s rich heritage of medical breakthroughs to
advance the next generation of healthcare innovations that enable
patient care.

Contacts

Baxter International Inc.
Media Contact:
Bill Rader,
(224) 948-5353
media@baxter.com
or
Investor
Contact:

Clare Trachtman, (224) 948-3085