iPMI Magazine Executive Movements and Appointments News: Seven Corners, Inc. has announced the hiring of Kip Zurcher as chief financial officer (CFO), completing its C-suite remodel.
Zurcher will be based at Seven Corners’ corporate office and will work alongside the founders and executive management team as the company pursues an aggressive growth plan over the next five years. He will be responsible for leading financial and accounting groups within the company, which includes interactions with customers as well as suppliers to support every other aspect of the business from financial and accounting spaces.
Seven Corners’ new CFO brings more than 20 years of experience directing and re-engineering finance and accounting functions at multiple technology companies. Most recently, Zurcher served as president and CFO of Algaeon, an Indianapolis-based life sciences biotech start-up.
“Kip Zurcher officially completes our c-suite expansion and we couldn’t be more thrilled to welcome him to the team,” said Justin Tysdal, CEO of Seven Corners. “His extensive background and vast experience working with large, midsized and small companies brings an important set of tools to our executive team.”
In less than a year, Seven Corners has undergone an extensive transformation that includes three new c-suite positions and eight director-level new hires. In addition, the co-founders themselves have taken on new roles, with Krampen moving into an international business development role and Tysdal becoming the company’s new CEO.
This flurry of personnel changes has led to increased productivity and the following results:
- Seven Corners’ online rating improved by nearly 300% in just ten months.
- The company improved its overall claims production timeliness by 50% in the past three months for two products.
- Seven Corners generated a savings in U.S. medical claims spend by more than 20 percent.
“As the only privately held company left in the industry, we knew we needed to take drastic measures in order to scale the company as quickly as we hoped to,” said Jim Krampen, co-founder of Seven Corners. “After 20 years leading the company our decision to hire outside talent and revamp all aspects of our business has been a rewarding challenge and has led to worthwhile results.”
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