October 9, 2015 – Apollo Medical Holdings, Inc. has retained Spencer Stuart to lead its search for a chief financial officer. Current CFO Mitch Creem has resigned to take on the role of CEO of Integrity Healthcare. Headquartered in Glendale, California, ApolloMed is a leading integrated population health management company committed to providing multi-disciplinary care in the communities it serves.
William Abbott, ApolloMed’s current controller and vice president of finance, has been named interim CFO, pending completion of a formal search for a permanent CFO.
Warren Hosseinion M.D., ApolloMed’s chief executive officer, said: “I would like to thank Mitch for his service and contributions to ApolloMed. At the same time, we have retained a well-known executive search firm (Spencer Stuart) to assist us in finding a new CFO who will be able to continue to help us grow as we further implement our business model.”
According to Spencer Stuart research, around 20 percent of companies change their CFOs each year and the market has become increasingly competitive over the past 12 months with the best candidates often considering multiple opportunities at any one time.
Rival Korn Ferry reports that today’s most sought-after CFOs possess strategic finance skills in capital planning, mergers and acquisitions, business planning, investor relations, tax, and FP&A as well as operational capabilities that can grow the business.
Spencer Stuart’s global financial officer practice has conducted more than 1,400 finance searches over the past 24 months for clients that include Fortune 500, FTSE 100, DAX 30 and HS 100 companies, as well as private equity firms and their portfolio companies, emerging companies and non-profit organizations. Joel von Ranson leads the firm’s CFO practice in North America where he focuses on CFO and chief operating officer assignments for a broad range of technology, financial services, healthcare, consumer and manufacturing companies.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media