SYRACUSE, N.Y. — Bankers Healthcare Group (BHG), a provider of financing for health-care providers, announced it has promoted Dan McSherry to chief financial officer (CFO).
He replaces Ed Durant, who moved from CFO to the new role of chief accounting and risk officer at BHG.
McSherry will lead BHG’s corporate finance and investor relations. He is focused on financial strategy, corporate investments, and company growth, per a BHG news release.
He joined BHG in 2013 as senior VP of analytics. McSherry has also served in management roles for reporting and business intelligence. His prior experience includes working at Lockheed Martin Corp., UBS Financial, and Charles Schwab & Co. He holds an MBA and bachelor’s degree from Syracuse University.
“Dan’s leadership abilities, commitment to BHG, and background in finance and analytics have already earned the company great dividends,” Al Crawford, chairman, CEO, and original founder of Bankers Healthcare Group, said in the release. “He will be a key component in BHG’s future by constantly evaluating the company’s financial health and helping to position us for further growth.”
Before moving to his new role as chief accounting and risk officer, Durant had served as BHG’s CFO for 10 years. In his new post, he oversees risk corporate accounting, budgeting, auditing, and risk management. He continues to lead BHG’s accounting department and policies, and is focused on growing the internal risk division, the release stated.
Durant joined BHG in 2003, serving in a variety of roles in finance, accounting, loan placements, credit underwriting, and IT. He helped grow BHG from under $5 million in revenue in 2003 to nearly $216 million in revenue in 2018, the company stated. Durant holds a bachelor’s degree from Colgate University.
Both McSherry and Durant are based at BHG’s financial headquarters in Syracuse.
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Photo credit: Bankers Healthcare Group