Aveanna Healthcare Holdings Inc. (Nasdaq: AVAH) CFO David Afshar is resigning, the company announced Thursday.
Afshar — who is also Aveanna’s principal accounting officer and principal financial officer — will exit officially on July 7.
He is pursuing other opportunities and the move is not due to any disagreements with Aveanna management, policies or practices, according to the company.
“Since joining the company in February 2018, Dave has been instrumental in building and strengthening our finance team and successfully leading our transition into the public markets,” Aveanna CEO Jeff Shaner said in a statement. “We appreciate his support during this transition period, and we wish him all the best in his future endeavors.”
The Atlanta-based Aveanna provides home health and hospice services to senior and pediatric populations across 33 states.
Afshar’s departure comes less than a year after former Aveanna CEO Tony Strange retired.
The company has seen its fair share of changes over the last several years, particularly after entering the public market in 2021.
Around that time, the company was switching gears from being a primarily pediatric home health provider to one aiming to scale its senior-based home health footprint.
Since then, the company has had trouble finding its footing in a tough operating environment for home health providers.
During Aveanna’s first-quarter earnings call in May, the company reported revenue was up 3.5% year over year, but its home health and hospice segment revenue declined by 15.8%.
Matt Buckhalter, the SVP of finance, will serve as Interim CFO and principal financial officer. Debbie Stewart will be appointed as the SVP and principal accounting officer.
“I am excited for this next chapter at Aveanna promoting both Matt and Debbie into key financial leadership roles,” Shaner said. “They have a strong command of our business and a passion for our mission. Matt and Debbie will join our executive leadership team and provide stability to our already tenured accounting and finance team.”