Kristi Matus, athenahealth's chief financial and administrative officer, will leave the company May 31.
The health IT vendor said Ms. Matus is stepping down "to pursue new challenges" due to the bifurcation of her two primary areas of responsibility.
Current vice president and corporate controller, Karl Stubelis, is being promoted to senior vice president and CFO while athenahealth launches a search for a senior vice president of talent and culture who will oversee athenahealth's initiatives to retain and scale its core cultural identity and foster employee engagement.
In his current role, Mr. Stubelis is responsible for financial planning and analysis, accounting and internal audit and treasury functions, according to the company.
He has been with athenahealth since 2013 and previously was acting CFO prior to Ms. Matus' appointment. Before joining athenahealth, he spent nearly 10 years in finance leadership roles at global services company Sapient Corp.
"Karl has been instrumental in modernizing our finance infrastructure to allow us to efficiently operate as a larger company," Jonathan Bush, CEO of athenahealth, said in a prepared statement. "His experience working with growth companies and multi-billion dollar revenue enterprises positions him extremely well to support our continued growth and operations as a maturing business."
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