United States-based Diplomat Pharmacy Inc (NYSE: DPLO) announced yesterday that it has named Dan Davison as its new chief financial officer and treasurer effective 8 April 2019.

Davison is to succeed Atul Kavthekar in the role.

Davison will report to Brian Griffin, Diplomat's chairman and CEO, and will lead the company's finance function, which is expected to be streamlined under Davison's direction. He is a PBM and specialty pharmacy industry expert with expertise in pricing and business strategy; trade analytics; business development; financial planning and analysis; accounting and financial reporting; and risk management. Most recently, he served as senior vice president of PBM Finance for CVS Health where he ran the finance, planning and accounting functions for CVS Pharmacy Services Segment, including the CVS/Caremark and CVS/Specialty groups. Before CVS, Davison held leadership roles at Medco Health Solutions, including senior vice president of financial and strategic planning and chief financial officer of the health plan division.