PharMerica Corp. (PMC) said Friday that it has appointed David Froesel, Jr. as interim Chief Financial Officer, effective immediately.
Froesel succeeds Michael Culotta, who by mutual agreement with the company, is stepping down to pursue other interests.
PharMerica noted that Culotta's decision to step down was not related to any disputes with the company or any issues regarding the integrity of the company's financial statements or accounting policies and practices.
A veteran of the health care industry, Froesel served for 14 years as Chief Financial Officer of Omnicare, Inc. from 1996 to 2009.
PharMerica said it has engaged an executive search firm to assist it with its search for a permanent CFO.
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