Covetrus®, a global player in animal-health technology and services, announced the appointment of Ajoy Karna as Executive Vice President and Chief Financial Officer. Karna succeeds Matthew Foulston, who announced previously his retirement from the company.
What is the industry expertise of Covetrus?
Karna joins Covetrus from Sysco Corporation, where during his 10 years with the firm, he held a number of senior finance and strategic leadership roles, including Senior Vice President of Finance for international, and its North American foodservice distribution businesses.
Karna was also Chief Executive Officer of Sysco’s European operations. Prior to that, Karna spent over 20 years at PepsiCo where he led global finance, strategy, and mergers and acquisition teams. Karna Ajoy has an undergraduate degree in finance from Georgetown University and a Master of Business Administration degree from Northwestern University.
What does Karna bring to Covetrus in the role?
“Ajoy is a strategic and operational leader with deep global expertise in finance and driving companywide business growth,” said Benjamin Wolin, President and CEO of Covetrus.
“He is welcome to our leadership team, and Covetrus and our stakeholders will benefit from Ajoy’s perspective and direction as we continue to service the veterinary community, as only Covetrus can, to help empower veterinarians and drive better outcomes and animal care.”
Commenting on his new role at Covetrus, Karna, said, “I’m thrilled to be joining Covetrus at this pivotal time in the company’s history and look forward to collaborating with Ben, the executive team and our global employees to revolutionize the veterinary industry. I share the company’s purpose of supporting veterinary practices and the animals they treat.”
In his role as Chief Financial Officer for Covetrus, Karna will lead the company’s finance, accounting, and auditing functions, as well as the IT and cybersecurity teams, expanding his leadership across many of the company’s shared service and centers of excellence functions.