Carl Byers, who joined Athenahealth, Watertown, Mass., when it was founded in 1997, will be stepping down as chief financial officer and senior vice president of the provider of Web-based practice management and electronic health-record software and services.
Athenahealth Chairman and CEO Jonathan Bush said in a news release, Carl and I go back to well before the start of Athenahealth. As CFO, Carl successfully led our financing efforts, including our IPO, and has built high-caliber infrastructure to support the companys continued growth. Though we understand that this is the best time for his family to make this change, we will miss his intellect, humor and wisdom.
Byers, 37, is the fifth-highest ranking executive or director of Athenahealth in terms of stock ownership with 306,982 shares of common stock and options, according to an April 2009 proxy statement by the company. The stock closed at $30.18 per share in trading Friday. Byers will serve on a search committee to seek his replacement and has made a commitment to remain with the company until his replacement is found, according to company spokesman John Hallock.