Thorne HealthTech Appoints Saloni Varma as New Chief Financial Officer

Rhea-AI Summary

Thorne HealthTech (NASDAQ: THRN) has appointed Saloni Varma as its new Chief Financial Officer, effective March 13, 2023. Varma, with over 20 years of experience, previously served as CFO at MotifFoodWorks and has held leadership roles at brands like Chobani and Dove. As CFO, she will oversee accounting, finance, and investor relations, driving operational efficiencies as Thorne enters a new phase of expansion. CEO Paul Jacobson highlighted her extensive background and prior involvement with Thorne's Audit Committee, emphasizing her strategic capabilities. Thorne is recognized for its innovative personalized health solutions and collaboration with the Mayo Clinic.

Positive

• Saloni Varma's extensive 20 years of experience in finance and leadership roles is expected to strengthen Thorne's financial strategy.
• Varma's prior involvement with Thorne's strategic and operational practices facilitates a smooth transition, ensuring continuity in leadership.

Negative

• No concerns about continuity or experience gaps due to the management change have been explicitly stated.

NEW YORK, March 13, 2023 /PRNewswire/ -- Thorne HealthTech, Inc. ("Thorne" or "Thorne HealthTech") (NASDAQ: THRN), a leader in developing innovative solutions for a personalized approach to health and wellness, today announced that it has appointed Saloni Varma as Chief Financial Officer (CFO).

As CFO, Varma will lead all aspects of the company's Accounting and Finance functions including budgeting planning and analysis, accounting, SEC reporting, tax, treasury, and investor relations. Varma brings more than 20 years of experience across a range of consumer goods companies, most recently as CFO of MotifFoodWorks.

"Saloni brings a diverse wealth of experience to her role at Thorne and will be a key member of the leadership team," said CEO of Thorne HealthTech, Paul Jacobson. "As a member of the Board of Directors and Chair of the Audit Committee, she is already very much engrained in Thorne's strategic, operational, and manufacturing practices and has seen the continued growth over the last several years which will greatly facilitate her transition to CFO." 

Varma was also former CFO of ByHeart and has held various leadership roles at purpose-driven brands like Chobani, Dove, and Talenti, focusing on budgeting, forecasting, and execution on strategic opportunities. She has worked in investment banking in New York and Tokyo at UBS, and she began her career in accounting at KPMG. 

"As Thorne continues to make an impact as a clear leader in the health and wellness space, I look forward to working with the leadership team on creating opportunities for value creation including driving operational efficiencies, scaling the infrastructure capabilities, and executing on the company's growth strategies at a critical time when Thorne is entering its next phase of expansion," said Varma.

About Thorne HealthTech
Thorne HealthTech is a leader in developing innovative solutions for delivering personalized approaches to health and wellness. As a science-driven wellness company that empowers individuals with the support, education, and solutions they need to achieve healthy aging – living healthier longer – Thorne utilizes testing and data to create improved product efficacy and to deliver personalized solutions to consumers, health professionals, and corporations. Predicated on the power of the individual, Thorne leverages artificial intelligence models to provide insights and personalized data, products, and services that help individuals take a proactive and actionable approach to improve and maintain their health over a lifetime. Thorne is the only supplement manufacturer that collaborates with Mayo Clinic on health and wellness research and content, and is trusted by more than five million customers, 46,000+ health-care professionals, thousands of professional athletes, more than 100 professional sports teams, and multiple U.S. National Teams. For more information, visit Thorne.com.

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SOURCE Thorne HealthTech, Inc.

FAQ

Who is the new CFO of Thorne HealthTech?

Saloni Varma has been appointed as the new Chief Financial Officer of Thorne HealthTech.

What are Saloni Varma's previous roles before joining Thorne HealthTech?

Before Thorne, Saloni Varma served as CFO at MotifFoodWorks and held leadership positions at Chobani, Dove, and ByHeart.

What will Saloni Varma oversee in her role as CFO at Thorne HealthTech?

As CFO, Varma will lead Thorne's accounting, finance functions, budgeting, SEC reporting, tax, treasury, and investor relations.

When was Saloni Varma appointed as CFO at Thorne HealthTech?

Saloni Varma was appointed Chief Financial Officer on March 13, 2023.

What impact is expected from Saloni Varma's appointment at Thorne HealthTech?

Her experience and strategic vision are expected to drive operational efficiencies and support Thorne's growth strategies.