Endo CFO Stepping Down

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Malvern, Pa.-based Endo Health Solutions is looking for a new CFO.

On Wednesday, Endo announced that Executive Vice President and Chief Financial Officer Alan G. Levin will soon be leaving the company after a four-year stint to spend more time on "corporate board service and philanthropy, while traveling and spending more time with [his] family."

In a statement, Chief Executive Officer Rajiv De Silva thanked Levin for his service and credited him with helping to build Endo into "one of the leading public diversified health care companies."

Unprofitable Endo has lost $637 million over the past year, and it experienced meager 2.6% revenue growth in its most recent quarter. Over the past year, its stock has underperformed the S&P 500 by nearly 20 percentage points.

A search for a new CFO is under way.

The article Endo CFO Stepping Down originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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