Circular1 Health – a COVID Testing and Digital Health business located in Carlisle, Barrow in Furness, Manchester and Surrey – has announced a major expansion of its senior executive team.
The business – established just under a year ago in March 2020 – has appointed Paolo Benedetto as CFO.
This key executive appointment was placed by Claire Sofield from North West firm Four Recruitment. “As a fast growth company, the need for an experienced CFO was incredibly urgent”.
Circular1 Health CEO, Stuart MacLennan, explains. “We launched the business in March 2020 and the growth we have experienced in this period has been phenomenal. We continue on an upward trajectory, enabling mission-critical businesses to continue operating through this challenging time, while also expanding the digital health side of our business. “We are now working on international projects, providing a fully managed service to the nuclear, defence, energy and travel sectors.”
Stuart added: “The requirement for an experienced CFO with a solid track record in business growth was essential to support our business strategically now and in the future Paolo brings skills and experience that will help take the management of the business’s growth to the next level.”
“However, a standard notice period of a CFO was just not an option for us, due to the speed our business is growing. “Working closely with executive recruitment specialist Claire Sofield at Four, she was able to scope the market and shortlist a number of potential candidates incredibly quickly, allowing us to appoint Paolo within an astonishing four-week timeframe”.
Paolo joins Circular1 Health with many years’ experience in executive roles including a record of implementing strategic growth initiatives. He has held roles at Taziker, IDEX and more recently as a consulting CFO for a number of private equity businesses. Paolo commented: “I was incredibly attracted by the opportunity to work with the team at Circular1 Health, due to the business’s vision and passion to make a difference to the health and wellbeing of major corporates, as well as the wider economy.
“It is an organisation which has developed a people-focused culture, with a real ‘can do’ attitude. “I am excited to be a part of the team, helping in the journey to deliver a truly outstanding value proposition for clients and a working environment that is inclusive and rewarding for employees.”
Claire Sofield, managing director at Four Recruitment added: “Working with entrepreneurial high growth businesses is where our expertise can really drive change. “This type of fast growth business will often operate at pace, so it’s an area we felt incredibly comfortable with. “Our work with Circular1 Health has not stopped with Paolo’s appointment. We are continuing to advise Stuart and the executive leadership team on their talent management strategy as the business continues to grow.
“It is fantastic to see a new, North West company achieving such impressive success in this current marketplace; they are certainly a ‘high growth company to watch’ over the coming months.”