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Evofem, Inc. Appoints Chad Putnam as Chief Financial Officer

SAN DIEGO, Dec. 2, 2014 (GLOBE NEWSWIRE) -- Evofem, Inc. announced that it appointed Chad Putnam as Chief Financial Officer effective immediately. Mr. Putnam will report to Saundra Pelletier, Chief Executive Officer of Evofem, Inc.



"Chad's diverse financial background and accounting experience make him an excellent choice to help propel Evofem, Inc. forward during this exciting period of growth," said Saundra Pelletier. "His additional experience in operational roles will help us to better fulfill our vision of providing women with innovative reproductive products that meet their individual needs."

Mr. Putnam joins Evofem, Inc. from Providien, LLC where he served as Vice President of Finance and led the turnaround of the company's accounting operations. Previously, he was the Chief Financial Officer at Access Scientific, Inc., a medical device company, where he had responsibilities for finance, accounting, human resources, legal, risk management and investor relations. In this role, he helped raise over $20 million of venture capital financing.

"I am thrilled to join a company poised not only to grow, but with such a strong sense of purpose," said Putnam. "Joining Saundra and the rest of the team at this stage of Evofem, Inc.'s expansion is an amazing opportunity."

In addition to Providien, LLC and Access Scientific, Inc., Mr. Putnam held executive positions at PatientSafe Solutions, Inc. and was a key member of the financial team responsible for MP3.com's $380 million IPO and subsequent sale to Vivendi Universal.

Mr. Putnam earned his Bachelors of Accountancy from the University of San Diego and is a Certified Public Accountant (inactive) in the state of California.

About Evofem, Inc.

Evofem, Inc. is a privately held biotechnology company that discovers, develops and commercializes prescription and over-the-counter products in the areas of feminine care, contraception, and the prevention of sexually transmitted infections. Evofem, Inc. is committed to delivering effective, woman-controlled, rapidly reversible forms of contraception to women globally. In February 2013, Evofem entered into a strategic alliance with Woman Care Global, a nonprofit organization whose mission is to provide access to quality, affordable, women's healthcare products through a sustainable value chain in over 100 countries, with a particular focus on under-served markets in Africa, Asia, and Latin America. Through this alliance, Woman Care Global provides sales, marketing and global distribution support to Evofem's products.

CONTACT: Media Inquiries Ellen Thomas +1.718.490.3248 ethomas@evofem.com

Source: WomanCare Global