Endo CFO Stepping Down
May 29th 2013 6:08PM
Updated May 29th 2013 7:25PM
Malvern, Pa.-based Endo Health Solutions is looking for a new CFO.
On Wednesday, Endo announced that Executive Vice President and Chief Financial Officer Alan G. Levin will soon be leaving the company after a four-year stint to spend more time on "corporate board service and philanthropy, while traveling and spending more time with [his] family."
In a statement, Chief Executive Officer Rajiv De Silva thanked Levin for his service and credited him with helping to build Endo into "one of the leading public diversified health care companies."
Unprofitable Endo has lost $637 million over the past year, and it experienced meager 2.6% revenue growth in its most recent quarter. Over the past year, its stock has underperformed the S&P 500 by nearly 20 percentage points.
A search for a new CFO is under way.
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