Jason Gorevic, CEO, Teladoc
Scott Mlyn | CNBC
Teladoc Well being on Friday introduced the sudden departure of CEO Jason Gorevic, who’s leaving his function as head of the corporate efficient instantly, based on a launch.
The corporate’s board of administrators has briefly appointed CFO Mala Murthy as Gorevic’s alternative and employed an govt search agency to find out a everlasting successor.
Shares of Teladoc had been largely flat in premarket buying and selling Friday however are down about 34% year-to-date. The inventory has additionally fallen from a excessive of $294.54 in February 2021 to about $14 as of Friday, a degree it hasn’t traded at in about 8 years.
Teladoc inventory chart
“We thank Jason for his many achievements and contributions throughout the 15 years he led Teladoc Well being. We want him success in his future endeavors,” David Snow, Jr., chairman of the Teladoc board, mentioned within the launch.
Teladoc is a digital health-care firm that provides telehealth appointments with medical doctors, therapists and specialists. Gorevic joined the corporate as CEO in 2009, steering Teladoc by means of the worldwide Covid-19 pandemic that left most health-care suppliers scrambling to adapt to a digital format.
Murthy has led Teladoc’s finance group since 2019. She beforehand held govt positions at American Categorical and PepsiCo.
Teladoc’s board reaffirmed that the corporate is on monitor to fulfill its steerage for the primary quarter and full 12 months. It didn’t share any extra particulars in regards to the motive behind Gorevic’s departure.
The corporate didn’t instantly reply to CNBC’s request for remark.
