Conversion Labs Appoints Seasoned Economic and Operational Govt, Marc Benathen, as Main Economical Officer

George T. Taft

The MarketWatch Information Division was not included in the development of this material.

NEW YORK, Feb 05, 2021 (Globe NEWSWIRE by way of COMTEX) —
NEW YORK, Feb. 05, 2021 (World NEWSWIRE) — Conversion Labs, Inc. (NASDAQ: CVLB), a primary immediate-to-client telemedicine business, has appointed Marc Benathen as main economic officer, helpful March 1. He succeeds Juan Manuel Pineiro Dagnery, who will go on as chief profits officer.

Benathen is an accomplished senior money and operational government with 18 yrs of expertise main several regions of finance and operations, such as corporate method, procurement and provide chain, know-how, authorized and client service. He also brings to the business encounter in workforce building and leading elaborate cash market transactions, M&A and joint ventures, as effectively as management of cross-functional organization initiatives.

“Marc’s substantial economic know-how, operational expertise, and organization analytics abilities are a excellent match with our developing workforce of business experts,” commented Justin Schreiber, CEO of Conversion Labs. “His senior-level fiscal encounter at a NYSE-detailed enterprise included in eCommerce also fits perfectly with our quickly growing direct-to-consumer telemedicine business enterprise. We anticipate Marc’s contributions to show priceless as we work to advance Conversion Labs to its subsequent degree of operational growth and growth.”

For the past 7 decades, Benathen has served as senior vice president and chief money officer at Blink Physical fitness, a rapid-growing countrywide exercise corporation with both of those classic fitness center spots and digital offerings. He served as an integral member of Blink’s executive committee, which oversaw the advancement of the organization from 20 to 107 locations nationwide. He also led the ground-up establish of the finance and operational departments reporting to him.

At Blink, he was dependable for foremost a lot of money and strategic initiatives through his tenure, such as multi-hundred-million-dollar cash marketplace transactions, M&A, joint ventures, and pricing initiatives, and aiding to efficiently steer the company’s national expansion.

Prior to Blink, he served as senior supervisor of company finance at Ann, Inc., a $2 billion community specialty women’s retailer with a lot more than 1,000 destinations, 4 divisions (Ann Taylor, LOFT, Ann Taylor Factory, and LOFT Outlet), and e-Commerce and global production operations. Benathen oversaw a $160 million prepare for new shop improvement, remodels, new know-how adoption and eCommerce expansion. He co-led a new omni-channel business effort that extra $15 million in incremental income more than a two-12 months period.

Benathen previously served as director of monetary reporting, scheduling and evaluation at Partsearch Systems, a personal equity-backed buyer electronics and home equipment sections and equipment corporation. Prior to its acquisition by its premier purchaser, he led the company’s fiscal reporting processes, which includes modeling $10 million in annual price savings and substantial gross margin enlargement as portion of a enterprise-extensive restructuring.

“I could not be more amazed by the strength and enthusiasm of Conversion Labs’ leadership crew, which is evident in the phenomenal expansion they’ve been driving more than the past calendar year,” stated Benathen. “As the health care industry would make a huge shift in direction of telemedicine and on the net pharmacy, Conversion Labs proceeds to be at the forefront of this changeover. I am wanting ahead to performing my component to help the sturdy growth outlook forward in 2021 and outside of.”

Before in his occupation, Benathen served as supervisor of finance, accounting and world setting up at Fortent, a protection and tech enterprise specializing in danger, compliance, and economic crime avoidance. He also previously served as a senior economic analyst for Businessweek, which was a device of McGraw Hill, the $6 billion community information and media publishing organization. He beforehand served in a comparable capability at NetJets, the leading provider of fractional and personal aviation providers all over the world and a Berkshire Hathaway portfolio firm.

Benathen gained his Bachelor of Business Administration in finance with honors from Baruch College or university in New York Metropolis. He at present serves on the board of directors of Baruch College Alumni Affiliation, just after earlier serving as president and treasurer.

About Conversion Labs
Conversion Labs, Inc. is a foremost telemedicine business with a portfolio of on-line immediate-to-customer manufacturers. The organization combines virtual clinical therapy with prescription prescription drugs and exceptional above-the-counter goods. Its network of accredited physicians offers telemedicine providers and immediate-to-client pharmacy to people across the U.S. To find out a lot more, check out Conversionlabs.com.

Significant Cautions Pertaining to Forward-Wanting Statements
This information release includes ahead-looking statements inside of the this means of Portion 27A of the Securities Act of 1933 and Section 21E of the Securities Trade Act of 1934, as amended, concerning, among other issues our strategies, procedures and potential clients — each business enterprise and fiscal. While we believe that that our strategies, intentions and expectations reflected in or advised by these forward-seeking statements are affordable, we are unable to guarantee you that we will realize or comprehend these options, intentions or anticipations. Forward-wanting statements are inherently issue to challenges, uncertainties and assumptions. A lot of of the ahead-on the lookout statements contained in this news release may be identified by the use of ahead-looking words and phrases such as “consider,” “expect,” “foresee,” “need to,” “planned,” “will,” “may perhaps,” “intend,” “estimated,” and “likely,” amid some others. Essential factors that could trigger actual benefits to vary materially from the forward-on the lookout statements we make in this information release consist of current market disorders and people established forth in reports or documents that we file from time to time with the United States Securities and Trade Commission. All forward-searching statements attributable to Conversion Labs, Inc. or a individual acting on its behalf are expressly experienced in their entirety by this cautionary language.

Company Call
Conversion Labs, Inc.
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