Novi, Mich. — The Chain Drug Marketing Association (CDMA) announced that Michael Boivin has been hired as the new chief financial officer. Boivin has also accepted the invitation to sit on the CDMA board of directors as treasurer.

Michael Boivin

Boivin has more than 20 years of diversified financial, operational and strategic experience from start-ups to multi-million dollar international companies across a variety of industries. He  began his career as a Corporate Controller at Little Caesars followed by a position at SteriMed Medical Waste Solutions as corporate controller and operations manager. He then served as CFO at I.COMM and Vendtek Wholesale Equipment.

“I’m thrilled to be part of CDMA’s team,” Boivin said. “Joining an established leader in the industry like CDMA was an opportunity I could not pass up. From management down, everyone here at CDMA has helped build a great work environment that motivates employees to go above and beyond to support the business. I am proud to be working for an organization that has been pioneering front end solutions for its members since 1926. I consider myself an innovator with deep roots in guiding companies through healthy change and expansion. I look forward to leaning on my financial leadership experience and building upon the strides this company has made to navigate the next phase in CDMA’s continued growth,” concluded Boivin.

“We had an extensive search to fill this position and are excited about the skill set and high level of experience Mike Boivin brings to CDMA,” said Lanny Doud, chairman of the CDMA board of directors and executive director at QualityCare Pharmacies. “CDMA has extensive opportunities we are considering and we will lean on Boivin’s financial and managerial insights to help us take the right path,” concluded Doud.

John Devine, president of CDMA, added, “I’ve had the privilege of working with Michael over the past few weeks, and I am confident that what he brings to the table will help CDMA to strengthen our executive team, improve our cost structure, and continue to return value to shareholders. Given our solid financial foundation and clear path forward as a leader in front end merchandising, this is the right time to transition leadership for CDMA’s next chapter of growth.” After six years, Devine is leaving CDMA to pursue other opportunities, and will assist in the smooth transition of many duties of his role.