Cambia Health Solutions welcomes new members to Board of Directors

July 2, 2014

PORTLAND – Cambia Health Solutions announced today two new board members have joined the Board of Directors: Jake R. Nichol, President/CEO of Leatherman Tool Group, Inc., and Kent Ivanoff, CEO of iVinci Health, LLC.

“Jake and Kent bring very valuable insights from their respective industries, and they set the bar high for their own organizations,” said Mack Hogans, Cambia Board Chairman. “The board is pleased to welcome leaders of this caliber, and we are excited to see our board continue to evolve with the increased diversity of skills and experience they bring. I’m energized by the collective knowledge the Cambia board now has to focus on the changing landscape of health care.”

Jake R. Nichol, of Portland, Oregon, has more than 40 years’ experience in the tool industry, both in the U.S. and internationally. He is currently completing a nine-year tenure as CEO and President of Leatherman Tool Group, Inc. In his time at Leatherman, Nichol has navigated the company from a maturing product phase through a lean manufacturing transition and new product development acceleration process. The company has grown more than two-and-a-half times in size and revenue under his leadership. Prior to joining Leatherman, Nichol spent eight years as president at Danaher Corp. (manufacturer of Sears Craftsman tools), preceded by 24 years at Stanley Tools. Nichol currently serves on the boards of directors at Leupold & Stevens and ESCO Corp. A native of Salt Lake City, Mr. Nichol completed his education at the University of Utah and maintains a home in Park City. He has a long history of holding leadership positions with the Boy Scouts of America and other children’s charities, as well as in The Church of Jesus Christ of Latter-day Saints.

“Jake brings a wealth of valuable consumer experience to our board,” said Mark Ganz, President and CEO of Cambia Health Solutions. “As a leader of character and an innovator in the field of consumer tools, his values align well with Cambia. It becomes more critical every day, as our industry undergoes such dramatic transformation, that we incorporate perspectives from other industries. It’s this knowledge that helps us understand how best to serve consumers.”

Kent F. Ivanoff, of Boise, Idaho, is a high-energy, seasoned business leader and entrepreneur with a track record of delivering break-through results in a variety of settings and industries. For the last four years, he’s been CEO of iVinci Health LLC, a health care technology company he co-founded, focusing on how health systems manage patient revenue. Currently, products are generating significant gains in annual operating profit and ROI for each iVinci client. He has prior experience as a Fortune 500 executive, having served in leadership roles with Capital One, American Direct Credit, Futura Corp., and Chevron. He is also a proven turn-around leader, having re-invigorated business in industries ranging from small regional companies to national, multi-billion dollar entities. Mr. Ivanoff earned a bachelor’s degree in chemical engineering from the University of Idaho, and a master’s in business administration from Stanford University. He is active in his community as a nationally licensed youth soccer coach, and was recognized as the Washington, D.C., Idealist of the Year in 2006.

“Kent’s varied industry experience and focus on results will help us continue to find ways to keep our health care system accountable to those it serves,” said Mark Ganz, President and CEO of Cambia Health Solutions. “As a fellow traveler in the work of transforming health care, he is well versed in the challenges of creating a consumer-focused system. He’ll bring a great perspective to our board, where incorporating fresh approaches is imperative to continually adapt and meet the needs of our members. I’m delighted to welcome both Jake and Kent, and the acumen they bring to our board.”

About Cambia Health Solutions

Cambia Health Solutions, headquartered in Portland, Oregon, is a health solutions company dedicated to transforming health care by creating a person-focused and economically sustainable system. Cambia’s growing family of companies ranges from software and mobile applications, health care marketplaces, non-traditional health care delivery models, health insurance, life insurance, pharmacy benefit management, wellness and overall consumer engagement. Through bold thinking and innovative technology, we are delivering solutions that make quality health care more available, affordable and personally relevant for everyone. To learn more, visit cambiahealth.com or twitter.com/cambia.