- Push-out Score determined
- After 21 years in the position
- Accolades, praise and thanks for Jones
- Vijay Kotte taking over
- Jones will remain as Executive Chairman at GoHealth
- Jones spoke at length and said 157 words
(exechange) — Chicago, Illinois, June 6, 2022 — Clint Jones, chief executive of GoHealth, leaves his position. As announced by GoHealth Inc. in a news release on Monday, June 6, 2022, Clinton P. (Clint) Jones leaves his post as chief executive officer at the health insurance marketplace, after 21 years in the role, effective immediately.
It is the end of an era.
Clint Jones’s duties as CEO will be taken over by Vijay Kotte, most recently Chief Solutions Officer and Executive Vice President, Strategy and Corporate Development at R1 RCM, Inc.
The fact that Clint Jones’s successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.
Clint Jones’s move coincides with a management shake-up also involving the position of Chief Financial Officer.
“To create strong value for shareholders and all stakeholders”
GoHealth did not give an explicit reason for Clint Jones’s departure from the CEO post. GoHealth said: “GoHealth, Inc. (Nasdaq: GOCO) (“the Company”), a leading health insurance marketplace and Medicare-focused digital health company, announces today a series of leadership appointments intended to create strong value for shareholders and all stakeholders.”
Jones will remain as Executive Chairman at GoHealth
“The Company has named Vijay Kotte as Chief Executive Officer and Jason Schulz as Chief Financial Officer, both effective June 6, 2022. Upon assuming the role of Chief Executive Officer, Mr. Kotte will also join the Company’s Board of Directors. At that time, Co-Founder and current Chief Executive Officer, Clint Jones, will take on a new role as Executive Chairman of the Board to continue his work expanding GoHealth’s strong carrier partnerships. Mr. Jones will remain in this role until January 1, 2023, when he will transition to Non-Executive Chairman of the Board. Also on June 6, 2022, Co-Founder Brandon Cruz will transition from his role of Co-Chairman and Chief Strategy Officer to serve as Non-Executive Chairman at GoHealth,” GoHealth said.
Share price decline since June 2021
The announcement follows a decline in GoHealth Inc.’s share price of 94% since June 2021.
In the position of CEO since 2001
Clint Jones became CEO of the Company in 2001.
Clinton P. Jones is the co-founder of GoHealth, Inc. and has served as GoHealth, Inc.’s Chief Executive Officer since GoHealth, Inc.’s founding in 2001.
He has also been a member of GoHealth, Inc.’s Board of Directors since 2020, as well as serving on the board of managers of GoHealth, Inc.’s predecessor since its founding in 2001.
He also serves as member of the board of directors of Bridge Legal.
From June 2000 to January 2001, Jones served as Intranet Market Manager for Holt Value, a former division of Credit Suisse.
Jones speaks regularly at industry events and conferences.
He is also active in insurance regulatory forums.
In 2013, Jones was recognized by Ernst & Young as the Midwest Entrepreneur of the Year and was also named to the annual Chicago leadership list, Crain’s 40 under 40.
Jones holds Bachelor of Science degrees in both Marketing and Management Information Systems from Miami University.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Clint Jones’s move on a scale of 0 to 10.
exechange reached out to GoHealth and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 24.2022 ($).