HealthSouth Corporation, a provider of inpatient rehabilitative healthcare, has appointed Douglas Coltharp as executive vice president (EVP) and chief financial officer (CFO). Coltharp, who brings more than 20 years of senior financial and strategic planning experience to the position, will be responsible for all financial operations of the company.
Since May 2007, Coltharp has been a partner at Arlington Capital Advisors (ACA) and Arlington Investment Partners (AIP), a boutique investment banking firm and private equity firm. Prior to that, he served 11 years as EVP and CFO for Saks Incorporated. In this role, he was responsible for recapitalising the company and guiding it through a series of acquisitions and organic growth strategies that transformed it from a small cap, regional department store operator to a Fortune 1000 national retailer.
Coltharp began his career in 1987 at Nations Bank, NA (now part of Bank of America) and rose to become senior vice president and head of Southeast Corporate Banking. During this time, he advised Fortune 100 companies on capital raising and other corporate financial matters.
Coltharp graduated magna cum laude from Lehigh University with a bachelor’s degree in Finance and Economics and earned his MBA with concentrations in Finance and Strategic Planning from the Wharton School, University of Pennsylvania.
He currently serves as a member of the board of directors of Ares Capital Corporation, Under Armour and Rue 21.
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