Conversion Labs Appoints Seasoned Monetary and Operational Government, Marc Benathen, as Chief …

NEW YORK, Feb. 05, 2021 (World NEWSWIRE) — Conversion Labs, Inc.  (NASDAQ: CVLB), a leading…

NEW YORK, Feb. 05, 2021 (World NEWSWIRE) — Conversion Labs, Inc.  (NASDAQ: CVLB), a leading immediate-to-consumer telemedicine business, has appointed Marc Benathen as chief money officer, helpful March 1. He succeeds Juan Manuel Piñeiro Dagnery, who will go on as chief income officer.

Benathen is an completed senior money and operational government with 18 a long time of knowledge leading several regions of finance and functions, like company system, procurement and provide chain, know-how, lawful and shopper assistance. He also brings to the enterprise encounter in crew developing and major advanced money sector transactions, M&A and joint ventures, as perfectly as management of cross-functional business initiatives.

“Marc’s considerable monetary know-how, operational experience, and small business analytics capabilities are a wonderful healthy with our rising crew of marketplace professionals,” commented Justin Schreiber, CEO of Conversion Labs. “His senior-level money practical experience at a NYSE-outlined company included in eCommerce also matches well with our rapidly growing direct-to-purchaser telemedicine business enterprise. We hope Marc’s contributions to establish a must have as we work to advance Conversion Labs to its following degree of operational advancement and expansion.”

For the earlier 7 yrs, Benathen has served as senior vice president and main monetary officer at Blink Health and fitness, a fast-rising national conditioning business with both equally standard health club areas and digital choices. He served as an integral member of Blink’s executive committee, which oversaw the development of the enterprise from 20 to 107 destinations nationwide. He also led the ground-up make of the finance and operational departments reporting to him.

At Blink, he was accountable for top a lot of monetary and strategic initiatives through his tenure, including multi-hundred-million-dollar capital industry transactions, M&A, joint ventures, and pricing initiatives, and assisting to efficiently steer the company’s countrywide expansion.

Prior to Blink, he served as senior supervisor of corporate finance at Ann, Inc., a $2 billion public specialty women’s retailer with more than 1,000 places, four divisions (Ann Taylor, LOFT, Ann Taylor Manufacturing facility, and LOFT Outlet), and e-Commerce and international manufacturing functions. Benathen oversaw a $160 million system for new retail store development, remodels, new know-how adoption and eCommerce expansion. He co-led a new omni-channel business enterprise energy that included $15 million in incremental earnings more than a two-calendar year interval.

Benathen previously served as director of fiscal reporting, scheduling and evaluation at Partsearch Systems, a personal fairness-backed buyer electronics and house appliance pieces and equipment firm. Prior to its acquisition by its premier customer, he led the company’s economical reporting processes, together with modeling $10 million in once-a-year cost savings and substantial gross margin growth as part of a company-extensive restructuring.

“I could not be more amazed by the electrical power and passion of Conversion Labs’ management workforce, which is obvious in the phenomenal growth they’ve been driving in excess of the previous calendar year,” said Benathen. “As the healthcare marketplace can make a huge change in the direction of telemedicine and on the net pharmacy, Conversion Labs continues to be at the forefront of this transition. I’m looking ahead to doing my element to assistance the solid progress outlook forward in 2021 and beyond.”

Earlier in his profession, Benathen served as supervisor of finance, accounting and global preparing at Fortent, a safety and tech organization specializing in risk, compliance, and financial crime prevention. He also earlier served as a senior money analyst for Businessweek, which was a unit of McGraw Hill, the $6 billion general public information and facts and media publishing corporation. He formerly served in a equivalent potential at NetJets, the leading service provider of fractional and non-public aviation expert services globally and a Berkshire Hathaway portfolio business.

Benathen acquired his Bachelor of Business Administration in finance with honors from Baruch College in New York Town. He now serves on the board of administrators of Baruch Faculty Alumni Association, immediately after earlier serving as president and treasurer.

About Conversion Labs
Conversion Labs, Inc. is a top telemedicine organization with a portfolio of on line immediate-to-customer manufacturers. The company combines virtual health-related procedure with prescription remedies and special around-the-counter items. Its community of accredited medical professionals provides telemedicine companies and immediate-to-buyer pharmacy to individuals throughout the U.S. To discover extra, visit  Conversionlabs.com.

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This information launch consists of forward-searching statements inside the this means of Segment 27A of the Securities Act of 1933 and Area 21E of the Securities Exchange Act of 1934, as amended, about, among the other points our programs, procedures and prospective customers — the two business and monetary. Whilst we consider that our designs, intentions and expectations reflected in or advised by these forward-searching statements are affordable, we can’t guarantee you that we will reach or notice these options, intentions or anticipations. Forward-searching statements are inherently matter to risks, uncertainties and assumptions. Numerous of the forward-hunting statements contained in this information launch could be identified by the use of forward-seeking words this sort of as “believe,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” “estimated,” and “potential,” among others. Significant components that could lead to precise outcomes to vary materially from the ahead-searching statements we make in this news launch include things like market ailments and these established forth in reports or documents that we file from time to time with the United States Securities and Trade Commission. All forward-wanting statements attributable to Conversion Labs, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

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