Teladoc CEO Exits Amid Telehealth Downturn

CFO Mala Murthy steps in as interim leader following Jason Gorevic's sudden departure and stock's steep decline.

Jason Gorevic, CEO of Teladoc Health, has departed the company suddenly, with CFO Mala Murthy stepping in as temporary CEO.
Teladoc's stock has plummeted approximately 95% from its peak in February 2021, amid a significant decline in telehealth visits post-pandemic.
Despite initial success during the COVID-19 pandemic, Teladoc has struggled with increased competition and a shift in focus towards managing chronic conditions.
Analysts believe Gorevic's departure could signal a positive change in strategic direction for the struggling telehealth provider.
Teladoc is actively searching for a permanent CEO replacement, as it aims to navigate a path forward after post-pandemic challenges.