Covetrus Names Ajoy Karna as Chief Financial Officer

Rhea-AI Summary

Covetrus has appointed Ajoy Karna as the new executive vice president and chief financial officer, succeeding Matthew Foulston, who is retiring. Karna brings over a decade of experience from Sysco Corporation and more than 20 years from PepsiCo, where he led financial strategies and operations. His expertise will enhance Covetrus's finance, accounting, and IT functions as the company aims to support veterinary practices and improve animal care. Covetrus, headquartered in Portland, Maine, serves over 100,000 veterinary customers worldwide.

Positive

• Appointment of Ajoy Karna as CFO expected to enhance financial leadership.
• Karna has extensive experience in finance and strategic leadership from Sysco and PepsiCo.
• Focus on improving services to the veterinary community, aligning with Covetrus's mission.

Negative

• None.

PORTLAND, Maine--(BUSINESS WIRE)-- Covetrus®, a global leader in animal-health technology and services, today announced the appointment of Ajoy Karna as executive vice president and chief financial officer. Karna succeeds Matthew Foulston, who announced previously his retirement from the company.

Ajoy Karna, CFO, Covetrus (Photo: Business Wire)

“Ajoy is a strategic and operational leader with deep global expertise in finance and driving companywide business growth,” said Benjamin Wolin, president and CEO of Covetrus. “He is a welcome addition to our leadership team, and Covetrus and our stakeholders will benefit from Ajoy’s perspective and direction as we continue to service the veterinary community, as only Covetrus can, to help empower veterinarians and drive better outcomes and animal care.”

Karna joins Covetrus from Sysco Corporation, where during his 10 years with the company, he held a number of senior finance and strategic leadership roles, including senior vice president of finance for international, as well as the company’s North American foodservice distribution businesses. He was also CEO of Sysco’s European operations. Prior to that, Karna spent over 20 years at PepsiCo where he led global finance, strategy, and mergers and acquisition teams.

In his role as CFO for Covetrus, Karna will lead the company’s finance, accounting, and auditing functions, as well as the IT and cybersecurity teams, expanding his leadership across many of the company’s shared service and centers of excellence functions.

“I’m thrilled to be joining Covetrus at this pivotal time in the company’s history and look forward to collaborating with Ben, the executive team and our global employees to revolutionize the veterinary industry,” said Karna. “I share the company’s purpose of supporting veterinary practices and the animals they treat.”

Karna has an undergraduate degree in finance from Georgetown University and a Master of Business Administration degree from Northwestern University.

About Covetrus
Covetrus is a global animal-health technology and services company dedicated to empowering veterinary practice partners to drive improved health and financial outcomes. We are bringing together products, services, and technology into a single platform that connects our customers to the solutions and insights they need to work best. Our passion for the well-being of animals and those who care for them drives us to advance the world of veterinary medicine. Covetrus is headquartered in Portland, Maine with more than 5,700 employees serving over 100,000 veterinary customers around the globe. For more information about Covetrus visit www.covetrus.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221208005120/en/

Media:

Christopher Allman-Bradshaw

mediarelations@covetrus.com

Source: Covetrus

FAQ

Who is the new CFO of Covetrus?

Ajoy Karna has been appointed as the new CFO of Covetrus.

What experience does Ajoy Karna bring to Covetrus?

Ajoy Karna has over a decade of experience at Sysco and 20 years at PepsiCo, focusing on finance and strategic leadership.

What position did Ajoy Karna succeed at Covetrus?

Ajoy Karna succeeds Matthew Foulston as the executive vice president and chief financial officer.

How many veterinary customers does Covetrus serve?

Covetrus serves over 100,000 veterinary customers globally.

Where is Covetrus headquartered?

Covetrus is headquartered in Portland, Maine.