Catalyst Health Solutions Appoints New Chief Financial Officer

After a nationwide search, effective August 22, 2011, Timothy Pearson will be appointed Chief Financial Officer (CFO)and Executive Vice President of Rockville, Maryland based Catalyst Health Solutions, Inc. (NASDAQ: CHSI). Pearson joins Catalyst Health from Gaithersburg based MedImmune where he was Vice President of Finance and Treasurer.  Pearson has an Accounting degree from the University of Maryland, a Business Administration degree from the University of Delaware and a Master of Science degree in Finance from Loyola University. He will be replacing Hai Tran, current Treasurer & Chief Financial Officer.

Press Release

ROCKVILLE, Md., Jul 19, 2011 (BUSINESS WIRE) -- Catalyst Health Solutions, Inc. (NASDAQ: CHSI) today announced that Timothy Pearson has been appointed Chief Financial Officer (CFO) and Executive Vice President, effective August 22, 2011. Mr. Pearson, 43, currently serves as Chief Financial Officer and Executive Vice President of MedImmune, the global biologics business for AstraZeneca PLC, where he has functional responsibility for finance, information technology, strategic planning and governance, and is a member of MedImmune's Executive Team.

Mr. Pearson joined MedImmune in 1998 and prior to his promotion to CFO in 2007, was Vice President of Finance and Treasurer with responsibility for treasury, corporate finance, tax, risk management, Sarbanes-Oxley compliance, internal audit and equity plan administration. During his tenure at MedImmune, Mr. Pearson raised over $1.6 billion in debt and was a key leader in M&A transactions and related post acquisition integration, including the $500 million acquisition of U.S. Bioscience and the $1.6 billion acquisition of Aviron. Mr. Pearson is a founding officer and investment committee member of MedImmune Ventures and Chairman of MedImmune's Business Excellence Team.

The Catalyst Board of Directors selected Mr. Pearson following a nationwide search based on his qualifications outlined below:

  • Proven CFO leadership and ability to drive profitable growth;
  • Extensive public company knowledge in areas such as Sarbanes-Oxley compliance; investor relations, capital markets, SEC filings and Board communications;
  • Experience acquiring and integrating business operations;
  • Superior business and financial acumen in a high-growth environment; and
  • Invaluable healthcare industry experience.

Mr. Pearson, a Certified Public Accountant, holds dual Bachelor of Science degrees in Business Administration from the University of Delaware and Accounting from the University of Maryland, as well as a Master of Science degree in Finance from Loyola University.

Mr. Pearson will report directly to David Blair, Chief Executive Officer of Catalyst. "On behalf of the management team and the Board, I am pleased to welcome Tim to Catalyst," Mr. Blair said. "His qualifications, industry expertise and proven ability to drive profitable growth will contribute significantly to our long-term strategy."

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