AMN Healthcare Services (NYSE: AMN) reported CFO Jeffrey Knudson will step down following the company’s third-quarter earnings report on Nov. 7. AMN plans to announce a new executive to fill an expanded chief financial officer/chief operating officer position prior to Knudson’s departure. The company also reaffirmed its third-quarter outlook.

Knudson is leaving to join a private company outside of the healthcare staffing industry.

“On behalf of the AMN Board and management team, I want to thank Jeff for his leadership of our finance organization,” AMN President and CEO Cary Grace said in a press release. “He played an important role guiding AMN through a wide range of market conditions over his three years as our CFO. We wish him success in his new position.”

Knudson joined the company as CFO and treasurer in November 2021. He had previously served as CFO and executive VP of supply chain of a firm called At Home Group. Prior to that, he held several leadership positions at CVS Health and CVS Caremark.

“It has been an honor to be part of AMN, and I have full confidence in the team’s capabilities,” Knudson said in a press release. “I believe the company is well positioned to capitalize on the opportunities that lie ahead.”

AMN also reaffirmed its third-quarter guidance announced in August. It calls for third-quarter revenue to be down 32% to 34% year over year with decreases in its nurse and allied solutions business and its technology and workforce solutions business. AMN’s physician and leadership solutions business is expected to see revenue rise between 12% and 14%.

The company ranks as the third-largest US healthcare staffing firm, according to SIA research.