New Details About Joint Venture Covetrus

Henry Schein Animal Health and Vets First Choice have announced the Covetrus board of directors and executive leadership team.
 
Amanda Carrozza
Published: January 17, 2019
Last April, Henry Schein announced it would be spinning off and merging its animal health business—Henry Schein Animal Health—with Vets First Choice, a technology-driven health care services provider for companion animal and equine veterinarians. The partnership signaled a stronger investment in technology for Henry Schein Animal Health, which has become well known for its clinical products and practice management solutions.

Last month, the pair announced additional information about the anticipated company, including an estimated launch date (February 7) and new name. Initially, the moniker was to be Vets First Corp, but the 2 groups have confirmed that moving forward the company will do business as Covetrus.

“It was important to create a new brand and new name that demonstrates our long-term commitment for veterinary practice customers to always be at the center of our business,” said Benjamin Shaw, founder and CEO of Vets First Choice. “Covetrus reflects the excitement around our unique capabilities and differentiated value proposition that this combined entity will deliver to veterinary customers across the globe.”

According to a joint press release, Covetrus will combine leading practice management software, prescription management, multichannel client engagement services, and supply chain infrastructure to promote connectivity between companion animal, equine, and large animal veterinarians and their clients. The company will employ more than 5,000 people across 25 countries.

Until the merger is consummated, the companies will continue to operate independently. The Covetrus executive leadership team and board of directors have also been named.  

Executive Leadership Team
  • Benjamin Shaw, CEO
  • Christine T. Komola, EVP and CFO
  • Erin Powers Brennan, senior vice president, general counsel, and secretary
  • Russell Cooke, senior vice president and operational CFO
  • Francis X. Dirksmeier, senior vice president and president, North America
  • David Christopher Dollar, senior vice president and president, software and services
  • Michael Ellis, senior vice president and president, Europe
  • David Hinton, senior vice president and president, APAC and emerging markets
  • Timothy Ludlow, senior vice president and chief transformation officer
  • Anthony Providenti, senior vice president, corporate development
  • Georgina Wraight, senior vice president and president, Vets First Choice
  • James Young, senior vice president and chief human resources officer
 
Board of Directors
  • David E. Shaw (chairman), cofounder and chairman of Vets First Choice
  • Philip A. Laskawy (lead independent director), former partner, chairman, and CEO of accounting firm EY LLP 
  • Benjamin Shaw, president, CEO of Covetrus and cofounder and CEO of Vets First Choice
  • Betsy Atkins, CEO of venture capital firm Baja LLC
  • Deborah G. Ellinger, senior advisor for The Boston Consulting Group and former CEO and/or president of 4 private equity–backed firms
  • Sandra L. Helton, former EVP and chief financial officer of Telephone and Data Systems, Inc.
  • Mark J. Manoff, former partner and Americas vice chair of EY
  • Edward M. McNamara, president and cofounder of venture-building company TeamLaunch, LLC
  • Steven Paladino, EVP, CFO, and board member of Henry Schein
  • Ravi Sachdev, partner at Clayton Dubilier & Rice
  • Benjamin Wolin, former CEO and cofounder of Everyday Health and adviser for 3L Capital LLC


 

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