Covetrus Inc. (Nasdaq: CVET), the Portland-based provider of animal-health products and services, on Tuesday reported a fourth-quarter net loss of $37 million and announced Benjamin Wolin as its new president and CEO.

In late morning trading Wednesday, shares were up 14%, trading at $12.69. That gives the stock an equity value of around $14.1 billion.

Wolin will transition from the acting role he has held since October when he replaced CEO Benjamin Shaw. Read more