ATLANTA, April 22 /PRNewswire-FirstCall/ -- NDCHealth Corporation today announced that Lee Adrean, has been named executive vice president, finance and planning, and chief financial officer. He will be responsible for all financial and certain administrative functions of the corporation. In addition, Mr. Adrean will be in charge of strategic planning as well as expanding the company’s consultative services business. Randolph L. M. Hutto, NDCHealth executive vice president currently serving as chief financial officer, will continue his current roles as general counsel, head of business development and corporate secretary. Mr. Adrean will be joining NDCHealth in early May.
“After an extensive search conducted by the company, we are delighted that Lee has chosen to join NDCHealth,” said Walter Hoff, NDCHealth’s chairman and chief executive officer. “Lee is a proven executive with an excellent combination of finance, planning, technology and infrastructure experience. His skills will serve us well as we implement a healthcare electronic highway designed to provide better transparency into healthcare decisions and the information flow among physicians, pharmacies, hospitals and pharmaceutical companies.
“Adding Lee to our team at NDCHealth reunites executives that have worked together previously,” continued Mr. Hoff. “Lee, Randy and I held executive finance, operational and business development roles at First Data Corporation. We are looking forward to working together again to achieve NDCHealth’s strategic goals as we begin to accelerate our revenue, profit margin and cash flow growth.”
“NDCHealth is building something unique in the healthcare industry,” said Mr. Adrean. “I am looking forward to joining Walter, president Chuck Miller, Randy and the entire NDCHealth team to seize the opportunity we have to impact the delivery of healthcare information.”
“NDCHealth is well-positioned to execute on its business strategies of accelerating the rollout and sale of new pharmacy and hospital solutions, and developing new information product capabilities for the pharmaceutical industry,” said Mr. Hutto. “I am very pleased that Lee will be taking over the chief financial officer role, allowing me to focus my efforts on the company’s legal affairs and the numerous growth opportunities in our business.”
Mr. Adrean, 52, is joining NDCHealth from EarthLink, Inc. , a national Internet service provider, where he has been CFO since early 2000. Prior to his tenure at EarthLink, Mr. Adrean served as executive vice president and CFO of First Data Corporation, at the time a $5 billion electronic commerce and payment services company. Before First Data, he served in a variety of management positions at Providian Corporation, a diversified financial services company. Mr. Adrean was also a vice president with Bain & Company, a global business consulting firm. He graduated from Bucknell University and was a Baker Scholar at Harvard Business School.
Mr. Hutto, 55, joined NDCHealth in November of 2000. Prior to joining the company, he has held strategic planning, business development and legal affairs roles with several public companies including First Data Corporation and First Financial Management Corporation. Mr. Hutto was also a partner with the Atlanta law firm of Sutherland, Asbill & Brennan, specializing in mergers and acquisitions, corporate finance and securities. Mr. Hutto graduated from Washington & Lee University and the Emory University School of Law.
For additional information on NDCHealth’s strategies and financial and business outlook, please refer to the company’s Current Report on Form 8-K, Quarterly Report on Form 10-Q and its Annual Report on Form 10-K/A filed with the Securities and Exchange Commission, which can be accessed from the Investor Relations page, SEC Filings section of the NDCHealth web site, http://www.ndchealth.com/ .
About NDCHealth
NDCHealth is a leading provider of health information solutions that add value to pharmacy, hospital, physician, pharmaceutical and payer businesses.
NDCHealth
CONTACT: Robert Borchert, VP, Investor Relations of NDCHealth,+1-404-728-2906, or robert.borchert@ndchealth.com
Web site: http://www.ndchealth.com/