CareRx Corporation announced that David Murphy will step down as President and as a member of the Board of Directors of CareRx effective May 31, 2023 to pursue another employment opportunity. Puneet Khanna, the current Chief Operating Officer of CareRx, will assume the role of President and Chief Executive Officer on the same date and will be nominated as part of the slate of directors to be elected at the upcoming annual general meeting of shareholders to be held on June 6, 2023. With over 20 years' experience in the pharmacy and senior care sectors, Puneet Khanna is the current Chief Operating Officer at CareRx.

Previously, he served as the Company's Chief Commercial Officer. Mr. Khanna joined CareRx in November 2020 after serving as the Chief Executive Officer of MED e-care Healthcare Solutions Inc. His prior experience includes more than ten years in executive leadership roles at Medical Pharmacies (part of which was acquired by CareRx in 2021) and MediSystem Pharmacy. Mr. Khanna is a registered pharmacist and holds a Bachelor of Science in Pharmacy degree from the University of Toronto.