July 17, 2018 – CFOs continue to be in high demand. Finding them is keeping many of the nation’s top recruitment operations busier than ever. In recent months, search firms of all varieties have placed CFOs at various companies.
Recently, Oak Brook, IL-based-executive search firm Kensington International placed Keith Lavery and Paul Hajjar as the new CFOs for LGM Pharma and United Medical Systems, respectively. The searches were led by Mary Jane Schermer, executive vice president and leader of Kensington’s healthcare services practice.
Based in Erlanger, KY, LGM Pharma is an innovation-driven API company involved in distribution of quality cGMP pharma ingredients to leading pharmaceutical companies. It specializes in streamlining the API supply chain management throughout all development and commercial stages while providing complete technical capabilities, expert regulatory support as well as other value-added services.
“Keith Lavery brings with him a wealth of experience and business knowledge in high growth companies,” said Prasad Raje, CEO of LGM Pharma. “His hire is part of our ongoing efforts to add to the already strong management and sales teams, continue to growth the business, and integrate sophisticated technologies and intelligence platforms, all with the aim of expanding LGM’s market presence and capabilities to better serve the pharmaceutical industry.”
Caldwell Partners Lands CFO for Compassus
Executive search firm Caldwell Partners International has placed Bradley Wear as the new executive vice president and CFO of Compassus, a nationwide network of community-based hospice. Neal Maslan and John Blank, both partners in the firm’s life sciences and healthcare practice, led the search.
Mr. Lavery has more than 20 years of senior leadership experience in finance and operations with high-growth companies. Most recently, he served as CFO for BTI Partners, a real estate developer focused on Florida based opportunities. Prior to that, he served as CFO of MTN Satellite Communications, a private equity backed technology and telecom company. Mr. Lavery spent five years with MTN during the business’ high growth years ultimately concluding with a successful exit of the company through a sale. Earlier in his career, Mr. Lavery held financial leadership roles with two public companies, Equity One and Woodbridge Holdings Corporate.
In his new role, Mr. Lavery will oversee LGM’s international finance, information technology and human resources departments as well as support various growth strategies for the company.
United Medical Systems
Headquartered in Westborough, MA, United Medical Systems is a mobile healthcare services company offering shared service programs with an emphasis on delivering advanced technologies and cost efficient solutions in the clinical areas of urology and women’s health. The organization provides advanced mobile medical services to hospitals, surgery centers and offices across the country.
“Paul Hajjar comes to us with extensive experience in business management and finance, including managing multiple departments and teams, along with a strong commitment to results,” United Medical Systems said in a statement.
Mr. Hajjar is a financial executive with an extensive accounting, analysis and reporting background with various sized companies. He has worked through numerous mergers, acquisitions, and sales in both publicly traded and privately held organizations.
Most recently, Mr. Hajjar served as vice president and corporate controller at Harvard Bioscience Inc., where he partnered with the CEO, CFO and VP of sales to formulate and execute the company’s strategic plan. Before that, he served as corporate controller for PlumChoice in Lowell, MA.
The Alexander Group Finds New CFO for Kaleido Biosciences
Houston-based executive search firm the Alexander Group has placed Joshua Brumm as chief financial officer of Kaleido Biosciences, a clinical-stage biotechnology company based in Bedford, MA. Managing director Beth Ehrgott led the assignment.
In his position with United Medical Systems, Mr. Hajjar’s responsibilities include creating strategies that ensure the organization’s future development, while continuing to successfully fulfill its mission statement.
Kensington International provides executive search, leadership assessment, executive development, coaching and outplacement services throughout the U.S. Its practice areas include board director services, construction & infrastructure, consumer & retail, financial services, healthcare services, industrial manufacturing and private equity.
Ms. Schermer executive search expertise includes a wide range of disciplines such as sales, marketing, operations, procurement, information technology, supply chain, human resources, finance, and general management. She handles senior-level management assignments at the C-level in addition to vice president and director roles. Outside of the significant search engagements Ms. Schermer has conducted business in the retail markets – grocery, mass merchant, drug and specialty.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; Stephen Sawicki, Managing Editor; and Andrew W. Mitchell, Managing Editor – Hunt Scanlon Media