CareRx Corporation (TSX:CRRX) has promoted Puneet Khanna, its current chief operating officer, to the role of president and chief executive officer of the company with effect from May 31, 2023.
Khanna succeeds David Murphy, who is leaving CareRx to pursue another job opportunity, the provider of pharmacy services to seniors living communities announced.
Thanking Murphy for his service, CareRx chairman Kevin Dalton highlighted his role in successfully executing the company's strategy to become a “leading provider of pharmacy services to Canadian seniors”.
“As a result, CareRx tripled the size of its business, made a number of transformational and accretive acquisitions, and significantly strengthened its service offering, leadership team and financial position," Dalton said in a statement.
Khanna, a registered pharmacist, has over 20 years’ experience in the pharmacy and senior care sectors. He joined CareRx in 2020 and was the company’s chief commercial officer before becoming COO.
His previous roles include CEO of MED e-care Healthcare Solutions Inc and leadership roles at Medical Pharmacies (part of which was bought by CareRx in 2021) and MediSystem Pharmacy.
"The board has the utmost confidence in Puneet to lead CareRx in the next chapter of its growth story. Puneet has extensive executive leadership experience, including as a CEO, and is widely respected across the long-term care and pharmacy sectors.” Dalton said. “Under his leadership, and with the support and strength of the CareRx management team, I have no doubt that the transition will be seamless."
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