Inovalon Holdings, Inc. announced that on January 12, 2019, the Company entered into its standard Employment Agreement for executives with Peter De Bock. Mr. De Bock will serve as the Company's Chief Administrative Officer, effective February 13, 2019. As Chief Administrative Officer, Mr. De Bock will be responsible for the management, planning, implementation and execution of all administrative departments and responsibilities of the Company, including those of the departments of finance, human resources, legal, enterprise support, facilities, procurement, security, and other such departments and responsibilities.

Mr. De Bock, age 56, most recently served as the Chief Financial Planning Officer for CA Technologies, Inc. On January 14, 2019, the Company promoted Jonathan R. Boldt to the position of Chief Financial Officer of the Company, effective January 14, 2019 and will report to the newly appointed Chief Administrative Officer upon his joining the Company. Mr. Boldt, age 34, previously served as the Company's interim Chief Financial Officer and principal accounting officer since March 16, 2018. As Chief Financial Officer, Mr. Boldt will be responsible for the management, planning, implementation and execution of all financial activities, forecasting, reporting, audit, treasury, tax, and related compliance obligations of the Company.

Prior to serving in this role, Mr. Boldt served as Vice President of Finance responsible for corporate financial planning and analysis of the Company.