Catamaran Announces Executive Appointments
Jeff Park Promoted to EVP, Operations, and Mike Shapiro Promoted to SVP
SCHAUMBURG, IL, March 24, 2014 /PRNewswire/ – Catamaran Corp. (NASDAQ: CTRX,
TSX: CCT), a leading provider of technology and pharmacy benefit
management (PBM) services, today announced two executive appointments;
Jeff Park has been promoted to the newly-created position of Executive
Vice President, Operations, and Mike Shapiro will succeed him as SVP &
Chief Financial Officer.
As EVP, Operations, Mr. Park will oversee all PBM Operations, IT,
Product Development, Government Programs, Quality, Innovation and Legal
activities. He will be responsible for driving operational excellence
throughout the organization in order to deliver on the company’s client
service model, The Catamaran Difference(TM), a key enabler of sales and
client retention goals. He will continue to report to Mark Thierer, the
company’s Chairman and Chief Executive Officer.
“Jeff is an exceptional leader who has helped transform this company
into the strong competitor it is today,” said Mr. Thierer. “He is
uniquely qualified to lead our operations as we focus on delivering The
Catamaran Difference, an exceptional service experience, to our
Mr. Park was instrumental in the creation of Catamaran, the successful
merger of two industry-leading PBMs, SXC Health Solutions and Catalyst
Health Solutions. Joining SXC Health Solutions’ Board of Directors in
2003, Mr. Park became the company’s CFO in 2006. In this role, he led
the company through a successful initial public offering on NASDAQ and
guided the organization through numerous strategic acquisitions which
helped grow revenues from $50 million to $14.8 billion.
In his new role as SVP & CFO, Mr. Shapiro will also report to Mr.
Thierer and assume all responsibilities for Finance and Investor
Relations. Joining Catamaran in 2012, Mr. Shapiro previously served as
SVP, Finance, directing efforts in the areas of financial planning and
reporting, treasury, tax and audit.
“Mike’s deep financial expertise and experience will make this a
seamless transition that allows us to continue driving value for our
shareholders,” said Mr. Thierer. “I am truly excited about these
organizational changes as they position two very capable senior
executives to make a meaningful impact on our future success.”
Catamaran, the industry’s fastest-growing pharmacy benefits manager,
helps organizations and the communities they serve take control of
prescription drug costs. Managing more than 350 million prescriptions
each year on behalf of over 32 million members, our flexible, holistic
solutions improve patient care and empower individuals to take charge
of their health. Processing one in every five prescription claims in
the U.S., Catamaran’s skill and scale deliver compelling financial
results and sustainable improvement in the overall health of members.
Catamaran is headquartered in Schaumburg, Ill., with multiple locations
in the U.S. and Canada. For more information, please visit CatamaranRx.com, and for industry news and information follow Catamaran on Twitter, @CatamaranCorp.