Conversion Labs Appoints Seasoned Economical and Operational Govt, Marc Benathen, as Main Economical Officer

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NEW YORK, Feb 05, 2021 (World NEWSWIRE via COMTEX) —
NEW YORK, Feb. 05, 2021 (Globe NEWSWIRE) — Conversion Labs, Inc. (NASDAQ: CVLB), a primary immediate-to-customer telemedicine corporation, has appointed Marc Benathen as chief economic officer, powerful March 1. He succeeds Juan Manuel Pineiro Dagnery, who will go on as chief income officer.

Benathen is an completed senior economical and operational executive with 18 decades of working experience leading various places of finance and operations, together with company strategy, procurement and offer chain, technological innovation, legal and buyer services. He also delivers to the company expertise in team constructing and foremost sophisticated capital market transactions, M&A and joint ventures, as well as management of cross-practical business enterprise initiatives.

“Marc’s considerable economic information, operational working experience, and organization analytics abilities are a wonderful in good shape with our escalating group of market experts,” commented Justin Schreiber, CEO of Conversion Labs. “His senior-stage fiscal encounter at a NYSE-stated firm concerned in eCommerce also matches nicely with our quickly escalating immediate-to-shopper telemedicine organization. We hope Marc’s contributions to demonstrate priceless as we function to progress Conversion Labs to its following stage of operational growth and growth.”

For the earlier seven yrs, Benathen has served as senior vice president and main economical officer at Blink Exercise, a speedy-developing countrywide fitness firm with the two classic health and fitness center locations and electronic choices. He served as an integral member of Blink’s govt committee, which oversaw the growth of the firm from 20 to 107 spots nationwide. He also led the floor-up establish of the finance and operational departments reporting to him.

At Blink, he was liable for foremost numerous fiscal and strategic initiatives during his tenure, such as multi-hundred-million-dollar funds market place transactions, M&A, joint ventures, and pricing initiatives, and aiding to correctly steer the firm’s nationwide growth.

Prior to Blink, he served as senior supervisor of company finance at Ann, Inc., a $2 billion community specialty women’s retailer with far more than 1,000 locations, four divisions (Ann Taylor, LOFT, Ann Taylor Manufacturing facility, and LOFT Outlet), and e-Commerce and global producing functions. Benathen oversaw a $160 million prepare for new shop growth, remodels, new technologies adoption and eCommerce expansion. He co-led a new omni-channel business exertion that included $15 million in incremental income in excess of a two-year period of time.

Benathen previously served as director of monetary reporting, preparing and examination at Partsearch Technologies, a private fairness-backed consumer electronics and dwelling appliance elements and extras business. Prior to its acquisition by its greatest client, he led the company’s money reporting processes, such as modeling $10 million in yearly discounts and considerable gross margin enlargement as part of a enterprise-huge restructuring.

“I could not be a lot more impressed by the strength and passion of Conversion Labs’ leadership team, which is evident in the phenomenal progress they’ve been driving more than the very last year,” stated Benathen. “As the healthcare marketplace tends to make a large shift in direction of telemedicine and on the web pharmacy, Conversion Labs continues to be at the forefront of this changeover. I am looking ahead to performing my portion to assist the robust advancement outlook in advance in 2021 and over and above.”

Before in his job, Benathen served as manager of finance, accounting and world wide arranging at Fortent, a protection and tech corporation specializing in threat, compliance, and economic crime prevention. He also before served as a senior monetary analyst for Businessweek, which was a device of McGraw Hill, the $6 billion general public facts and media publishing organization. He formerly served in a very similar potential at NetJets, the major provider of fractional and personal aviation solutions worldwide and a Berkshire Hathaway portfolio business.

Benathen attained his Bachelor of Business enterprise Administration in finance with honors from Baruch School in New York City. He now serves on the board of administrators of Baruch University Alumni Affiliation, following previously serving as president and treasurer.

About Conversion Labs
Conversion Labs, Inc. is a leading telemedicine enterprise with a portfolio of on the web direct-to-customer brands. The firm brings together virtual professional medical remedy with prescription remedies and distinctive over-the-counter solutions. Its network of accredited medical professionals delivers telemedicine providers and direct-to-purchaser pharmacy to people across the U.S. To master more, visit Conversionlabs.com.

Important Cautions With regards to Forward-Hunting Statements
This information release contains ahead-looking statements in just the which means of Area 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, pertaining to, amid other points our designs, tactics and prospective customers — each company and monetary. Although we feel that our options, intentions and anticipations reflected in or proposed by these forward-wanting statements are sensible, we can’t guarantee you that we will obtain or notice these plans, intentions or expectations. Forward-hunting statements are inherently topic to threats, uncertainties and assumptions. Lots of of the forward-hunting statements contained in this information launch may possibly be recognized by the use of forward-seeking text these types of as “consider,” “expect,” “foresee,” “should,” “planned,” “will,” “may,” “intend,” “believed,” and “potential,” among the some others. Critical variables that could trigger real outcomes to vary materially from the ahead-looking statements we make in this information release include industry disorders and individuals established forth in stories or documents that we file from time to time with the United States Securities and Trade Commission. All ahead-wanting statements attributable to Conversion Labs, Inc. or a particular person acting on its behalf are expressly certified in their entirety by this cautionary language.

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