Modivcare Inc. announced on April 24, 2025, the appointment of Daniel Silvers to its board of directors, effective April 24, 2025. Mr. Silvers, managing member of Matthews Lane Capital Partners LLC, brings decades of experience in corporate finance, capital allocation, and public company governance.
His appointment completes the Board’s previously announced plan to add three new independent directors, fulfilling contractual obligations with its lenders. Mr. Silvers has served on multiple public company boards, including MRC Global Inc. and Avid Technology, Inc.
Concurrently, Craig Barbarosh, David Coulter, and Richard Kerley resigned from their positions on the Board, effective April 24, 2025. Alexander Matina, a General Partner of AI Catalyst Management, will join as a Board observer. These changes represent a significant refreshment of the company's board composition.
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