- Push-out Score determined
- After 15 years in the position
- Praise and thanks for Hewitt
- Patrick Blair taking over
- Hewitt kept it short and said 51 words
(exechange) — Denver, Colorado, January 3, 2022 — Maureen Hewitt, chief executive of InnovAge, leaves. As announced by InnovAge Holding Corp. in a news release and in a regulatory filing published on Monday, January 3, 2022, Maureen Hewitt has left her post as chief executive officer at the senior healthcare specialist, after 15 years in the role, effective January 1, 2022.
It is the end of an era.
Maureen Hewitt’s duties as CEO will be taken over by Patrick Blair, most recently President at InnovAge Holding Corp.
“To pursue other opportunities”
Maureen Hewitt’s departure from the CEO post is explained as follows. InnovAge said: “The Board of Directors of InnovAge Holding Corp. (the “Company” or “InnovAge”) (Nasdaq: INNV) accepted the resignation of longtime CEO and director Maureen Hewitt, effective January 1, 2022, who has decided after 15 years with the company to pursue other opportunities. The Board also elevated Patrick Blair, the President of InnovAge, to the position of President and CEO.”
Precise information regarding Maureen Hewitt’s future plans was not immediately available.
“Resigned”
InnovAge said: “On January 1, 2022, Maureen Hewitt, Chief Executive Officer (“CEO”) and a member of the Board of Directors (the “Board”) of InnovAge Holding Corp. (the “Company”), resigned from her positions as CEO and director, effective immediately.”
Share price decline since April 2021
The announcement follows a decline in InnovAge Holding Corp.’s share price of 79% since April 2021.
In the position of CEO since 2006
Maureen Hewitt became CEO of the Company in 2006.
Maureen Hewitt has served as the Company’s President and Chief Executive Officer since 2006 and was appointed to serve on the Company’s Board in 2020.
Previously, Hewitt led for-profit and nonprofit healthcare organizations for 25 years, including companies such as Total Community Options, Inc. Summit Healthcare, Ocadian and Episcopal Homes, which focused on post-acute care, acute care, long-term care, and senior housing.
Hewitt earned a Bachelor’s Degree from Western University and a Master’s Degree in Administration with an emphasis in healthcare administration and policy from Wayne State University.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Maureen Hewitt’s move on a scale of 0 to 10.
exechange reached out to InnovAge and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 2.2022 ($).