- After about two years in the position
- Praise and thanks for White
- Travis Dalton taking over
- White will remain as Executive Chair at MultiPlan
- White spoke at length and said 140 words
(exechange) — New York, January 4, 2024 — Dale White, chief executive of MultiPlan, leaves his position. As announced by MultiPlan Corp. in a news release and in a regulatory filing published on Thursday, January 4, 2024, Dale A. White leaves his post as chief executive officer at the provider of data analytics to the healthcare industry, after about two years in the role, effective March 1, 2024.
Generally speaking, it raises questions when a CEO leaves his post at short notice.
Dale White’s duties as CEO will be taken over by Travis Dalton, most recently general manager at Oracle Health.
The fact that Dale White’s successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.
In general, an outsider does not have the constraints of an insider when it comes to leading painful changes or making unpopular decisions.
“Now is the right time”
The management change is explained as follows. White stated: “With our Growth Plan underway, now is the right time to bolster the leadership team, expand our operating capability, and supercharge our product development.”
White will remain as Executive Chair at MultiPlan
MultiPlan stated: “Travis Dalton will join the Company as President and CEO on March 1, 2024. He will succeed Dale White, who will remain active as Executive Chair of the Company, succeeding current Chair Mark Tabak.”
MultiPlan said: “Mr. Dalton will become the Company’s President and Chief Executive Officer succeeding Dale White on or around March 1, 2024.”
“Not the result of any disagreement”
MultiPlan stated, regarding the change: “The transition of Mr. White from his role as President and Chief Executive Officer was not the result of any disagreement with the Company, the Company’s management, or any other member of the Board.”
Share price decline since February 2022
The announcement follows a decline in MultiPlan Corp.’s share price of 65% since February 2022. February 2022 is the month in which White’s tenure as CEO began.
In the position of CEO since 2022
Dale White became CEO of the Company in 2022.
As Executive Chair, White will work closely with Dalton to drive the Growth Plan forward, leveraging his extensive industry contacts and longstanding relationships with key customers.
Tabak will remain on the Board as a director through the remainder of his term, which concludes in April, 2024.
Dale White has served as President and Chief Executive Officer of MultiPlan and as a member of the Company’s Board since February 2022, overseeing and executing on the Company’s mission of delivering fairness, efficiency, and affordability to the U.S. healthcare system.
Prior to that, White served as the Company’s President and Chief Operating Officer from August 2021 through February 2022, and in other senior roles at MultiPlan and its predecessors since 2004.
Before joining MultiPlan in 2004, White had previously co-started two healthcare companies and held senior leadership positions at several healthcare organizations, including BCE Emergis, where he served as SVP of Sales and Marketing.
White currently serves on the board of Abacus Insights, Inc., in which the Company holds a minority interest.
He also serves on the board of AAPAN, a non-profit trade organization, as well as ConvenientMD, a private corporation specializing in urgent care medical services.
140 words by Dale White
In the release announcing his departure as CEO of MultiPlan Corp., Dale White received praise and thanks.
In announcing his departure, Dale White spoke at length and said 140 words.
“Exciting next chapter”
Dale White stated: “With our Growth Plan underway, now is the right time to bolster the leadership team, expand our operating capability, and supercharge our product development. I welcome Travis as my successor. He is a proven leader with experience driving and scaling product innovation, who is focused on delivering customer value, and has the exact capabilities to lead us through this exciting next chapter… In his 23 years leading and guiding the Company, Mark Tabak has seen us through unprecedented transformation, taking MultiPlan from a small, single product company to a market leader in healthcare affordability with a full suite of services for commercial, government and property/casualty health plans. I have worked closely with him since joining MultiPlan in 2004, and there is no better partner for driving growth. On behalf of our entire company, I extend our thanks and best wishes.”
Push-out Score for Dale White’s move determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Dale White’s move on a scale of 0 to 10.
Read the full story in the exechange report 2.2024 ($).