Kavthekar, according to Diplomat, has demonstrated financial and strategic leadership in his previous roles in the technology, health care and investment banking industries.
Kavthekar will lead Diplomat’s financial operations and investor relations efforts and will be responsible for managing liquidity, balance sheet risk and capital market transactions to ensure that Diplomat remains well positioned to capitalize on growth opportunities. He will report directly to chief executive officer Phil Hagerman.
“I couldn’t be more excited to welcome Atul to the Diplomat team,” Hagerman said. “He is highly qualified to lead our finance and accounting teams.
“In addition to his previous CFO experience, Atul has a deep background in financial management, operational improvement and company leadership, as well as strategic corporate and business development.”
Kavthekar, 49, has more than two decades of financial experience. Before joining Diplomat, he served as chief financial officer of LivingSocial Inc., an e-commerce retailer.