Wellness program provider Healthways on Tuesday said its CFO Robert E. Dries resigned after less than three months with the company.
Glenn Hargreaves, Franklin, Tenn.-based Healthway's chief accounting officer since 2012, is stepping in as interim CFO immediately. He will also continue as chief accounting officer.
Dries became CFO in late August of this year after joining Healthways following a 20-year career with CVS Health subsidiary Omnicare, most recently as senior vice president of financial operations.
In a statement, Healthways CEO Donato Tramuto said the decision to step down is Dries' own.
According to a Securities and Exchange Commission document filed Tuesday, Dries will receive severance of 12 weeks of his salary as part of the separation agreement.
Hargreaves, 50, will be paid $350,000 as CFO and an increased short-term cash incentive target equal to 55% of his salary. He will also receive a one-time equity grant of 10,000 restricted stock units, according to the SEC filing.
