DaVita Announces Chief Financial Officer

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DENVER—DaVita Inc. said March 5 that it has named Luis Borgen as its new chief financial officer, effective March 29.

Rich Whitney, who served as CFO from 2000 to 2004 and since 2008, will remain with DaVita in an executive role to assist with the management transition.

Borgen, 39, joins DaVita after spending more than 12 years at Staples, where he was senior vice president, finance for the U.S. Retail division of Staples. In that position, he played a leading role in strategy development and business planning efforts, including financial strategy, real estate analysis, and six sigma efforts. Prior to that role, he served as vice president, corporate financial planning and analysis where he led the global business planning efforts between 2002 and 2005.

Borgen also served several years in the corporate treasury department including as vice president and assistant treasurer. Prior to joining Staples in 1997, he served in the United States Air Force for five years, attaining the rank of Captain.

Borgen earned a bachelor of science in management from the United States Air Force Academy, a master of science in finance from Boston College, and an MBA from the University of Chicago.

"Luis has a proven track record across a variety of finance roles in a large multi-site operating environment," said Kent Thiry, chairman and CEO of DaVita. "We are excited to have him join our team."

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