Nov 14, 2012

Castlight Health Appoints CFO to Support Strong Company Growth

John C. Doyle Reinforces Castlight’s Solid Management Team, Supports Continued Momentum

 

SAN FRANCISCO – November 14, 2012Castlight Health, the leading provider of health care transparency solutions for employers and payers, today announced that John C. Doyle has joined the company as chief financial officer (CFO). Doyle brings a wealth of experience to the position, formerly holding key finance and operations roles at a number of leading biotech companies. He will oversee Castlight’s corporate finance, accounting and administration functions.

 

Doyle joins Castlight during a time of explosive growth. The company signed a broad range of new customers in the last quarter in the higher education, hospitality and technology sectors. New customers include Indiana University, Carlson and USA Mobility. Today, Castlight enables hundreds of thousands of individuals to reduce their medical costs while improving the quality of care.

 

“Castlight continues to grow at an incredible pace as companies look to curb rising health care spending, while ensuring their employees have better outcomes at lower cost,” said Dr. Giovanni Colella, CEO and co-founder, Castlight Health. “John’s vast experience in a broad range of areas, from corporate finance to business development, makes him an outstanding addition to the Castlight management team.”

 

Doyle brings more than 20 years of experience in corporate finance, business operations, investor relations, and strategic planning to his new role at Castlight. He previously held the position of chief operating officer at biotech company Achaogen, and prior to that, was vice president of finance and corporate planning at Genentech. Prior to Genentech, he was chief financial officer and senior vice president of corporate development at Renovis, Inc., a publicly-held biotech company.

 

John received an M.B.A. from the University of California, Berkeley, and a B.S. in Business Administration from California Polytechnic State University, San Luis Obispo. He is also a member of the 2012 Class of Henry Crown Fellows at the Aspen Institute.

 

“Castlight’s mission to transform health care through information really resonates with me,” added Doyle. “Castlight has assembled a world-class team that is partnering with innovative employers and payers to give individuals the information they need to make good choices as health care consumers. I am excited to join this effort.”

 

About Castlight Health

Castlight Health enables employers, their employees, and health plans to take control of health care costs and improve care. Named #1 on The Wall Street Journal’s list of “The Top 50 Venture-Backed Companies” for 2011 and one of Dow Jones’ 50 Most Investment-Worthy Technology Start-Ups, Castlight Health helps the country’s self-insured employers and health plans empower consumers to shop for health care. Castlight Health is headquartered in San Francisco and backed by prominent investors including Allen & Company, Cleveland Clinic, Maverick Capital, Morgan Stanley Investment Management, Oak Investment Partners, Redmile Group, T. Rowe Price, U.S. Venture Partners, Venrock, Wellcome Trust and two unnamed mutual funds. For more information, please visit our web site at http://www.castlighthealth.com or call (415) 829-1400.

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Press Contact:

Joan Levy

Blanc & Otus for Castlight Health

[email protected]

415.856.5110

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