November 7, 2019 – Executive search firm Acertitude recently recruited Bill Testa as chief financial officer and Jennifer Ferrang as chief revenue officer for the leadership team of Coriell Life Sciences, a leading provider of cost-effective healthcare solutions including genetic interpretation and reporting services. Co-founder and managing partner Rick DeRose and principal Jessica Tvelia spearheaded the searches.
“Coriell Life Sciences is doing amazing work changing the global landscape of how medication decisions are made, resulting in enhanced patient care and reduced healthcare costs,” said Mr. DeRose. “Two highly successful leaders, Bill and Jennifer are sure to accelerate the company’s expansion and significantly improve patient outcomes.”
“We are excited to welcome Bill and Jennifer to our leadership team as we rapidly scale up the organization,” said Scott Megill, president and CEO of Coriell Life Sciences. “The practical use of genomics to steer medication decisions is proving powerful for patients and healthcare providers and these new additions to our team will help to create a steady foundation for Coriell Life Sciences to expand into new markets, engage vital partnerships, respond to rapidly increasing demand and grow our innovation pipeline.”
Coriell Life Sciences is working to accelerate scientific discoveries by leveraging cutting-edge research in pharmacogenomics to deliver groundbreaking advances in medicine. To carry out the company’s global business strategy at scale, both executives are expected to bring a combination of strategic and hands-on leadership to further enhance and structure their respective departments for growth.
As a strategic and operationally-focused chief financial officer, Mr. Testa is charged with leading the finance function to empower the company to bring pharmacogenomic healthcare solutions for laboratories, payers, healthcare systems and providers to market rapidly. He will also build processes to optimize performance and support strategic M&A decisions to support Coriell Life Sciences’ strong growth play.
Mr. Testa is an entrepreneurial business and finance leader with more than 20 years of experience creating value for rapid growth companies and building organizations from the ground up. Most recently, as CFO and founding member of cloud services firm Cloudnexa, he led all strategic and financial planning, raising millions in backing and helping grow the company into a multi-million-dollar firm over five years. Before this, he held financial leadership roles for companies across multiple sectors, which led to several successful exits, including initial public offerings on the NYSE and NASDAQ.
New Chief Revenue Officer
In her role as chief revenue officer, Ms. Ferrang has ownership for developing and implementing a winning sales platform across multiple channels as well as working closely with marketing to bring customers new solutions with compelling benefits. To enhance the company’s ability to scale effectively and operate, she will focus on building and developing a top-performing sales team.
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A sales and marketing strategist, Ms. Ferrang has a 30-year track record of leading sales systems and operations to drive market strategies in the healthcare sector. Most recently, she was vice president of sales at multinational healthcare services company Cardinal Health. There, she developed the tactical roadmap and organizational structure to support the growth and integration of the function into Cardinal Health. Prior to that, Ms. Ferrang was senior vice president of sales with Univita Health.
Coriell Life Sciences is a bioinformatics company that bridges the gap between genetic knowledge and clinical application to drive cost-effective healthcare solutions for laboratories, payers, healthcare systems, providers and patients.
Founded in 2015, Acertitude specializes in recruiting CEO, C-suite and executive talent in the consumer, financial, healthcare and life sciences, industrial, private equity, professional services and technology sectors. Its consultants work from offices in Boston; London; Los Angeles; New York; Philadelphia; Providence, RI; Raleigh, NC; Shanghai; Tampa, FL; and Washington, D.C.
Mr. DeRose advises leaders of technology and private equity firms on board and leadership selection, often consulting on how influential trends in digital, mobility, cloud, big data, security and the customer experience are redefining the skills and expertise needed at work. He has a strong history of recruiting successful sales, marketing and strategy talent for businesses that are growing rapidly and driving transformative change. He has proven expertise in telecommunications, technology, private equity and professional services.
As principal with Acertitude’s technology and professional services practices, Ms. Tvelia has spent the last 20 years honing her recruiting and HR skills in the professional services, software, data analytics and finance spaces.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media