Fran Soistman
to Retire as CEO in early 2025, Will Remain on Board of
Directors
eHealth Board Commences Search for Next
CEO
AUSTIN,
Texas, Aug. 6, 2024 /PRNewswire/ -- eHealth, Inc.
(Nasdaq: EHTH), a leading private online health insurance
marketplace (the "Company"), today announced that Fran Soistman will retire from his role as Chief
Executive Officer upon the appointment of a successor, which is
expected to occur by or before the second quarter of 2025.
Following his retirement as CEO, Mr. Soistman intends to remain a
director on the Company's Board of Directors. Mr. Soistman will
support the new CEO to ensure a seamless transition.
The Board has commenced a search for Mr. Soistman's successor
and has engaged Spencer Stuart, a
leading executive search firm, to identify and evaluate both
internal and external candidates.
"It is a great privilege to serve eHealth as its CEO," said Mr.
Soistman. "I am proud of the leadership team we assembled during my
tenure and the progress we have made transforming eHealth. With the
business on solid footing and the Company delivering significantly
improved financial results, now is the right time to announce
my intention to retire as CEO in 2025. I have full confidence in
the eHealth team, and I look forward to continuing to serve on the
Board and helping guide our future accomplishments."
Mr. Soistman continued, "While we are announcing this leadership
transition plan today, my work here as CEO is far from done. I'm
fully focused on leading the Company through the upcoming critical
Annual Enrollment Period and beyond. Our preparations are well
underway, and we are gearing up to serve consumers and help them
navigate this important time of the year. In addition, we are
continuing our ongoing work to position the business to achieve our
long-term financial and operating goals and to enhance eHealth's
capital structure."
"We are deeply appreciative of Fran's leadership and his
contributions to eHealth," said Beth
Brooke, Chair of eHealth's Board. "Fran came out of
retirement to join eHealth in 2021, and he led the Company by
addressing every challenge we faced head-on. Having rebuilt the
leadership team and taken numerous decisive actions, he will retire
with eHealth positioned for long-term success. True to form, he
notified the Board of his intention to retire with a focus on
ensuring the Company will succeed during the upcoming AEP and
beyond. We thank Fran for his leadership and look forward to
continuing to work alongside him on the Board."
Ms. Brooke continued, "As we begin conducting the search process
for the Company's next CEO, we are focused on identifying a
candidate with deep experience at the intersection of technology
and healthcare and the ability to build and grow relationships with
carriers for the benefit of our customers and shareholders
alike."
Key achievements during Mr. Soistman's tenure include:
Successfully Completing a Multi-Year Business
Transformation:
- Established a strong foundation for profitable growth.
- Strengthened eHealth's unique omni-channel model to better
serve our customers.
- Revamped the Company's marketing and branding strategies to
enhance market presence.
- Streamlined the enrollment platform for a smoother customer
experience.
Creating a Healthy, Vibrant, and Equitable Culture:
- Fostered an inclusive and dynamic work environment known as
"One Team."
- Re-established Company mission, vision and values to ignite
internal champions for the business.
Building a Strong, Deep, and Effective Leadership
Team:
- Developed a leadership team capable of driving the Company's
mission and vision forward.
Evolving Carrier Relationships:
- Enhanced partnerships with carriers to improve service
offerings.
Enhancing Focus on Member Retention:
- Implemented strategies to increase member loyalty and
satisfaction.
Deploying New Technologies:
- Developed new tools and technologies to improve the customer
experience and operational efficiencies.
Q2 2024 Earnings
The Company will release its
financial results for the three and six months ended June 30, 2024 and host a conference call
tomorrow, August 7, 2024 at
8:30 AM ET to discuss its second
quarter performance. Individuals interested in listening to the
conference call may do so by dialing (800) 245-3047. The
participant passcode is 1407192. A link to the live webcast can be
found on the "News & Events" section of eHealth's investor
relations website at
https://ir.ehealthinsurance.com/events-and-presentations/upcoming-events.
About eHealth, Inc.
We are Matchmakers. For over 25
years, eHealth has helped millions of Americans find the health
coverage that fits their needs at a price they can afford. As a
leading independent licensed insurance agency and advisor, eHealth
offers across to over 180 health insurers, including national and
regional companies.
For more information about eHealth,
visit ehealth.com or follow us
on LinkedIn, Facebook, Instagram, and X. Open
positions can be found on our career page.
Media Inquiries:
Lara
Sasken
Chief Communications Officer
pr@ehealth.com
Investor Relations Contact:
Kate Sidorovich, CFA
Senior Vice President, Investor Relations & Strategy
investors@ehealth.com
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SOURCE eHealth, Inc.