CloudMD Software & Services Inc. announced that Prakash Patel, currently the Chief Accounting Officer of Elevation Capital, will join CloudMD as CFO on July 11, 2023. John will remain in the role of CFO until his successor arrives. Prakash brings senior executive experience in finance and accounting, including designing and implementing end-to-end financial reporting structures for TSX-listed companies.

Most recently at Elevation Capital, Prakash was providing strategic direction and oversight of the company's finances, with a focus on building the financial planning and analysis function including the quarterly reporting process. Prakash has worked at public companies including Extendicare Inc. and Brookfield Infrastructure Partners, where he was responsible for financial management. Throughout his career, he has successfully delivered profitability improvements, implemented rigorous KPI-driven strategic frameworks, and built cross-functional teams. Prakash earned a Masters degree in Accounting from the University of Waterloo and has a CPA designation.