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June 21, 2022

Westborough’s Covectra taps CFO as new CEO

A smiling executive in a sports coat and button-down shirt Photo | Covectra Covectra CEO Gary Miloscia

Westborough supply chain support company Covectra named Gary Miloscia as its new president and CEO, replacing Co-founder Steve Wood, who will transition to serve on the board of directors and as a senior advisor to the management team. 

Miloscia has been with the company since 2015 when he joined as the company’s CFO and chief marketing officer, according to the June 14 press release from Covectra. Prior to Covectra, the executive served in senior financial roles at Fidelity Investments in Boston, Rite Aid subsidiary Health Dialog, and New York credit card company American Express.

"The future of Covectra has never been brighter. Gary has proven during his tenure with the company that he is exceptionally well suited to assume the role of CEO. Given his many strengths, we believe Gary is the ideal CEO to lead Covectra into its next chapter of growth and success,” said Dr. David Bear, co-founder, chief medical officer, and board chairman.

Covectra was founded in 2008 by Bear and Wood and has a facility in Pennsylvania, in addition to its Westborough headquarters. The company specializes in track-and-trace technology, which tracks a company’s inventory through the supply chain, preventing counterfeiting and diversion, and facilitating product recalls for the pharmaceutical, luxury goods, and tobacco industries, among others.

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