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Diplomat Pharmacy Names New CFO

Wednesday, April 12, 2017   (0 Comments)
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Atul Kavthekar has been named the new chief financial officer and treasurer of Diplomat Pharmacy Inc., the independent Flint-based specialty pharmacy announced Tuesday. He will assume his post May 1.

Kavthekar, 49, will be responsible for the financial operations and investor relations by managing liquidity, balance sheet risk and capital market transactions. He will report to CEO and Chairman Phil Hagerman. Diplomat (NYSE: DPLO) offers specialized medication for people with chronic diseases, the news release said.

Sean M. Whelan stepped down as CFO, effective Dec. 31, as part of other leadership changes last year.

Kavthekar brings more than two decades of experience in financial and strategic leadership across various industries including technology, health care and investment banking. He previously served as CFO of LivingSocial Inc., based in Washington, D.C.; CFO and head of corporate development for health and wellness solutions of Sears Holdings Corp., based in Hoffman Estates, Ill.; and divisional finance officer for Walgreens E-Commerce of Walgreens Co. based in Deerfield, Ill..

"I have long been an admirer of the company and look forward to adding to the company's strong reputation as a leader in the specialty pharmacy industry," Kavthekar said. "As the leading independent specialty pharmacy, Diplomat has tremendous opportunity, and I look forward to contributing to its success."


View source article via Crain's Detroit Business.

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