Press release
eHealth, Inc. Announces 2025 CEO Succession Plan
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
About this update from Ehealth, Inc.
[{"type":"text","content":"Fran Soistman to Retire as CEO in early 2025, Will Remain on Board of Directors \neHealth Board Commences Search for Next CEO\nAUSTIN, 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.\nThe 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.\n\"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.\"\nMr. 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.\"\n\"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...