Healthcare cyber risk management solutions provider Clearwater Compliance has appointed Bob Chaput as its new executive chairman, with Steve Cagle succeeding him as CEO.
Baxter Lee has been named as the company’s new CFO, with current CFO Mary Chaput transitioning into an advisory role and continuing to serve on the board.
Bob Chaput, who has been CEO since he founded Clearwater in 2009, will continue to guide the direction of the company in his new role.
Prior to founding Clearwater in 2009, Chaput held executive roles at GE, Johnson and Johnson, and Healthways.
Cagle, who concurrently serves as chairman of the board of CMP Pharma, has previously served as CEO of Moberg Pharma North America and CEO of Alterna.
An established healthcare and technology executive who has held various positions banking, private equity, and mergers and acquisitions, Lee joins from Entrada where he has served as CFO since 2015.
An industry leader with more than 25 years experience in healthcare cyber risk management, Bob Chaput said from the beginning his intent was to create a company that could drive positive change across the healthcare industry.
Bob Chaput added: “We are extremely excited to welcome Steve Cagle and Lee Baxter as our next CEO and CFO, respectively.”
Incoming CEO, Cagle said: “Bob Chaput’s extraordinary vision and leadership has guided Clearwater to be one of the most innovative companies in healthcare cybersecurity.”
“In his role as Chairman of the Board, Bob Chaput will continue to serve Clearwater with his unique insights and thought leadership.”
“Mary Chaput was Clearwater’s first CFO and leaves behind an incredible legacy at Clearwater, we’re very grateful to her for her valuable contributions.”
He continued: “I cannot imagine a more exciting and important time to join Clearwater.”
Lee commented: “I’m excited to join the Clearwater team and look forward to continuing the company’s strong discipline around costs and focus on driving growth.”