Davison will report to Brian Grin, Diplomat’s chairman and chief executive officer and will lead the company’s finance function, which is expected to be streamlined under Davison’s direction. Kavthekar will remain with the company through a brief period to ensure a smooth transition of responsibilities.
“I want to thank Atul for his many contributions to Diplomat and wish him all the best in his future endeavors,” said Grin. “Today’s announcement is part of a natural progression of our business. It represents another step forward in positioning Diplomat to execute on our health plan and hospital systems payer sales strategy and drive future revenue growth and profitability. Dan’s extensive finance experience, deep knowledge of our industry and strong operating experience in the PBM space make him the ideal person to lead our finance organization in this rapidly evolving healthcare environment.”