VIJAY KOTTE AND JASON SCHULZ Be part of GOHEALTH Leadership Workforce AS Organization ENTERS NEW Stage OF Worth Development
Kotte brings additional than 20 decades of working experience scaling and transforming ground breaking healthcare products as CEO
Newly appointed CFO Jason Schulz to sharpen target on operating efficiencies, dollars flow, and shareholder value generation
Co-Founder and existing CEO Clint Jones to changeover to freshly made job of Govt Chairman
Seasoned government David Fisher appointed to the Firm’s Board of Directors
CHICAGO, June 6, 2022 /PRNewswire/ — GoHealth, Inc. (Nasdaq: GOCO) (“the Corporation”), a foremost wellbeing insurance policies marketplace and Medicare-targeted digital health and fitness firm, announces now a sequence of management appointments intended to generate strong price for shareholders and all stakeholders. The Corporation has named Vijay Kotte as Main Govt Officer and Jason Schulz as Chief Fiscal Officer, equally productive June 6, 2022. Upon assuming the role of Main Executive Officer, Mr. Kotte will also join the Company’s Board of Administrators.
At that time, Co-Founder and existing Chief Executive Officer, Clint Jones, will acquire on a new role as Executive Chairman of the Board to continue on his get the job done growing GoHealth’s solid carrier partnerships. Mr. Jones will continue to be in this purpose right until January 1, 2023, when he will changeover to Non-Government Chairman of the Board. Also on June 6, 2022, Co-Founder Brandon Cruz will changeover from his function of Co-Chairman and Main Strategy Officer to serve as Non-Govt Chairman at GoHealth.
“Owning constructed GoHealth from an modern, customer-centric startup with a mission to increase accessibility to health care in The us into a publicly traded business with additional than $1 billion of annual income, we have decided the time is ideal for a transition of day-to-day management,” stated Mr. Jones. “We are now at a pivotal inflection level, and our concentration for 2022 and beyond is squarely on reaching successful advancement. Both of those Vijay and Jason have proven observe records of undertaking just that throughout a number of major healthcare platforms, and I can not wait around to do the job with them in my new role as Government Chairman to unlock new value generation possibilities for shareholders, customers, workers, associates, and suppliers.”
Mr. Cruz explained, “We commenced GoHealth with a basic notion – an necessary, primary need to have like wellness insurance policy ought to be far more accessible and simpler for people to fully grasp and compare. I am confident that below Vijay and Jason’s leadership, that notion will continue being the cornerstone of GoHealth’s technique and achievements. On behalf of the total Board, I would like to thank Clint for the long lasting influence he has produced as GoHealth’s CEO – overseeing huge expansion, growth into new markets, and the Company’s IPO.”
Positioning GoHealth to Attain Profitable Progress
Due to the fact Clint and Brandon established GoHealth in 2001, they have led the Organization to become a major selection in the United States for insurance plan assistance, with approximately 4,000 workforce globally, five million People enrolled to day, and far more than $1 billion in annual revenue. GoHealth’s proprietary information and know-how system has continually advanced to interact with people across channels and simplify the process of selecting the correct insurance policy program. In 2020, GoHealth released its Encompass platform, a initial-of-its-variety technologies-pushed solution to paying for Medicare Benefit strategies.
“GoHealth has proven itself as the leading platform in the Medicare Edge e-broker space, and I’m enthusiastic to establish on the momentum that this focused crew has established,” said Mr. Kotte. “With a robust technological innovation system and knowledgeable staff of certified brokers, GoHealth has a sizeable possibility to help Medicare beneficiaries and capitalize on tailwinds in the Medicare Gain sector as more than 4 million seniors age into the industry this year. I am enthusiastic to get began doing work with Clint, Brandon, Jason, and the entire group to drive sustainable lengthy-expression advancement and profitability.”
“I am keen to be a part of a corporation targeted on reimagining how individuals obtain the best insurance program for their certain wants, while producing benefit for treatment shipping associates and purchasers,” extra Mr. Schulz. “About the past handful of months, Clint, Brandon, and the team have laid a sturdy basis for improved funds circulation technology, and I’m wanting forward to building on these efforts to even further sharpen our emphasis on achieving profitability.”
About Vijay Kotte
Mr. Kotte brings additional than 20 a long time of practical experience, building and transforming revolutionary healthcare types and Medicare-focused platforms at community and personal ventures.
Given that 2019, Mr. Kotte has served as Chief Solutions Officer and Executive Vice President, System and Corporate Advancement at R1. In this position, he was liable for R1’s medical doctor-targeted functions, such as growth, products progress, and strategic initiatives.
Prior to signing up for R1, Mr. Kotte was the Chief Value Officer for DaVita Health-related Group with accountability for system, M&A, provider/payor contracting, effectiveness, and operations. Right before that, he was the Main Economic Officer for DaVita Health-related Team with accountability for the finance operate and oversight of joint ventures. Prior to DaVita, Mr. Kotte served as President and Chief Running Officer of Medicare functions for Meridian Wellness Program. Additionally, he formerly served as President of the Midwest region for WellCare Overall health Strategies, the place he was dependable for functions, Medicare and Medicaid revenue, and long-term strategic organizing.
Mr. Kotte retains a Bachelor’s diploma in Company Administration with a emphasis on Finance and Organizational Management from Emory University and a MBA from Kellogg School of Management, Northwestern College.
About Jason Schulz
Jason brings more than 16 many years of encounter in numerous finance govt positions in the healthcare sector, together with payors, healthcare facility units, and threat bearing physician teams.
Most recently, Mr. Schulz served as President, Pacific Northwest Location at OptumCare. Ahead of that, he was the Chief Monetary Officer of DaVita Clinical Group, prior to its divestiture to OptumCare in 2019. He has also held CFO roles at NextMed and Mercy Wellbeing System.
Mr. Schulz started his job at Terrific West Healthcare in Denver, Colorado and later moved to Cigna soon after helping to handle a thriving sale of the corporation. Mr. Schulz retains a Bachelor’s degree in Company Administration from the University of Northern Colorado, has a MBA from Washington University of St. Louis, and is a Certified Administration Accountant.
Further more Strengthening GoHealth’s Board of Administrators
As was declared in an 8-K filing on May well 27, 2022, David Fisher, Chief Executive Officer of Enova Intercontinental, Inc. (NYSE: ENVA), was appointed on May possibly 25, 2022 to serve as a member of the Board of Administrators. Mr. Fisher will serve on the Board’s Audit Committee and fills a emptiness designed by Dr. Helene Gayle, who resigned from the Company’s Board of Administrators to aim on her new purpose as President of Spelman University.
David Fisher is Main Executive Officer of Enova Global, Inc. (NYSE: ENVA), a top technological innovation and analytics business targeted on on-line lending. Prior to joining Enova in January 2013, Mr. Fisher served as the CEO and member of the Board of Directors of optionsXpress Holdings, Inc., during which time he spearheaded the company’s sale to Charles Schwab. Before becoming a member of optionsXpress, he held CFO positions at Potbelly Sandwich Performs and Prism Monetary Corporation.
“David brings a wealth of general public corporation leadership knowledge and financial know-how to our Board, and we are thrilled to welcome him,” stated Mr. Jones. “We seem forward to benefitting from his valuable perspectives and confirmed means to scale engineering-enabled companies as we enter this new section of price development.”
Mr. Fisher is also a member of the Board of Innerworkings, a worldwide print administration agency, and GrubHub, a primary on the web and mobile food-ordering firm. He retains a Bachelor of Science diploma in finance with higher honors from the College of Illinois at Urbana-Champaign and a Juris Medical doctor, Magna Cum Laude, from the Northwestern College School of Law.
The Organization granted fairness-based awards pursuant to the Firm’s 2021 Inducement Award Program to Mr. Kotte and Mr. Schulz. The inducement grants had been accredited by a the vast majority of the Company’s Independent Administrators and were created as a content inducement to each employee’s acceptance of employment with the Business in accordance with Nasdaq Listing Rule 5635(c)(4) as a part of their work compensation.
The inducement grants consisted of a non-statutory option to order an mixture of 3,833,333 shares of the Company’s common stock, and 10,583,334 restricted stock units (growing up to 13,500,000 if the maximum level of all overall performance vesting conditions is attained) (“RSUs”) for shares of the Company’s prevalent inventory.
The stock options each and every have an work out value equal to the fair industry benefit of a share of widespread stock on the day of grant. The inventory possibilities each have a ten-12 months time period and vest in 4 equal yearly installments in excess of the very first 4 anniversaries of the grant day. Certain of the RSUs vest quickly and the remainder are issue to long run efficiency conditions, normally determined on the 3rd anniversary of the grant day. The vesting of each and every grant is commonly matter to the employee’s ongoing company with the Enterprise by the relevant vesting day. The inducement grants are issue to the phrases and situations of award agreements covering the grants and the Company’s 2021 Inducement Inventory Incentive System.
About GoHealth, Inc.
As a leading well being insurance policy marketplace and Medicare-concentrated digital overall health company, GoHealth’s mission is to strengthen access to healthcare in The usa. Enrolling in a wellbeing insurance strategy can be baffling for shoppers, and the seemingly compact discrepancies involving options can direct to substantial out-of-pocket costs or lack of accessibility to vital medications and even vendors. GoHealth combines cutting-edge technological innovation, knowledge science and deep sector abilities to match buyers with the health care plan and provider that is appropriate for them. Considering the fact that its inception, GoHealth has enrolled hundreds of thousands of people in Medicare plans and specific and loved ones designs. For a lot more facts, visit https://www.gohealth.com/.
This launch includes ahead-hunting statements within the meaning of the Personal Securities Litigation Reform Act of 1995. All statements other than statements of historic specifics contained in this push release may be ahead-wanting statements. Statements with regards to the Company’s long run success of operations and financial posture, small business approach and strategies and aims of management for long term functions, which includes, among the others, statements pertaining to profitability, price for stakeholders and shareholders, and the administration changeover are forward-hunting statements. In some scenarios, you can detect ahead-wanting statements by phrases, such as “may,” “will,” “should,” “expects,” “ideas,” “anticipates,” “could,” “intends,” “targets,” “tasks,” “contemplates,” “thinks,” “estimates,” “predicts,” “prospective” or “continue” or the adverse of these phrases or other similar expressions. Appropriately, we caution you that any these types of forward-wanting statements are not guarantees of foreseeable future performance and are issue to risks, assumptions and uncertainties that are challenging to forecast. Despite the fact that the Organization believes that the expectations reflected in these ahead-searching statements are affordable as of the date produced, genuine benefits may possibly establish to be materially unique from the effects expressed or implied by the forward-on the lookout statements. There are or will be vital variables that could trigger the Firm’s actual effects to vary materially from people indicated in these ahead-hunting statements, together with, but are not constrained to, the subsequent: the Company’s potential to comply with the numerous, sophisticated and often shifting laws regulating the advertising and sale of Medicare ideas the probable for an adverse alter in the Company’s associations with carriers, which includes a loss of a provider relationship failure to mature the Firm’s buyer base or keep its current clients the time and cost of schooling agents are considerable and can improve during a time period of high attrition carriers’ capacity to cut down commissions paid out to the Enterprise and adversely improve their underwriting tactics significant consolidation in the healthcare market which could adversely alter the Firm’s relationships with carriers details technological innovation techniques failures or capacity constraints interrupting the Company’s operations components that adversely influence the Company’s estimate of LTV the Company’s dependence on agents to market coverage programs modifications in the well being insurance policies process and legal guidelines and regulation governing overall health coverage marketplaces the incapability to properly market the Company’s goods and our potential to successfully implement our company program during a international economic downturn caused by the COVID-19 pandemic.
The foregoing variables should really not be construed as exhaustive and need to be browse jointly with the other cautionary statements involved in this push release, as very well as the cautionary statements and other danger aspects set forth in the Firm’s Once-a-year Report on Kind 10-K for the yr ended December 31, 2021 and other SEC filings. If one or additional gatherings linked to these or other pitfalls or uncertainties materialize, or if the Firm’s underlying assumptions establish to be incorrect, precise final results could vary materially from what the Corporation anticipates. Many of the crucial elements that will establish these final results are over and above the Company’s skill to handle or forecast. Appropriately, you must not area undue reliance on any these types of ahead-on the lookout statements. Any forward-seeking statement speaks only as of the day on which it is made, and, besides as or else required by law, the Enterprise does not undertake any obligation to publicly update or overview any ahead-seeking statement, irrespective of whether as a outcome of new data, upcoming developments or normally. New elements emerge from time-to-time, and it is not possible for us to forecast which will crop up. In addition, the Organization can not evaluate the effect of each individual factor on its enterprise or the extent to which any aspect, or mix of aspects, could cause real success to vary materially from people contained in any ahead-on the lookout statements.
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