HCN News & Notes

CFO Transition Announced at athenahealth Inc.

WATERTOWN, Mass. — athenahealth Inc., a provider of network-enabled services for hospital and ambulatory clients nationwide, announced that John “Jack” Kane, a member of the athenahealth board of directors and current chair of the board’s audit committee, will serve as interim chief financial officer, effective July 21.

Karl Stubelis is stepping down as chief financial officer to pursue other opportunities. To help ensure a smooth transition, Stubelis will continue to support the company through the reporting of athenahealth’s 2017 second-quarter results. athenahealth has initiated a search to identify a permanent CFO and has retained DHR International to assist in the process.

“This CFO transition reflects our commitment to ensuring that athenahealth has world-class leaders to support the company and our increased scale and scope,” said Jonathan Bush, chairman and CEO of athenahealth. “We intend to focus our CFO search on leaders who bring a record of operating discipline and value-creating capital allocation. I look forward to working closely with the athenahealth board, especially Jack Kane and Tom Szkutak, former CFO of Amazon, to identify the best individual for the role.”

Bush added that “Jack’s knowledge of athenahealth and his experience serving as the CFO of another public healthcare-technology company make him well-suited to serve as interim CFO during this transition. We are pleased to benefit from his expertise and counsel in this expanded role.”

Added Kane, “I look forward to working closely with the athenahealth team as I take on these additional responsibilities. We share Jonathan’s confidence in athenahealth and his focus on identifying a CFO who can serve as a strong partner to the senior management team in guiding the company’s success.”

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