- After less than a year and a half in the position
- Praise and thanks for Musslewhite
- Jason Krantz taking over temporarily
- Search for a successor
- Musslewhite kept it short and said 40 words
(exechange) — Framingham, Massachusetts, January 16, 2024 — This news came shortly after Martin Luther King Jr. Day. Robert Musslewhite, chief executive of Definitive Healthcare, leaves his position. As announced by Definitive Healthcare Corp. in a news release and in a regulatory filing published on Tuesday, January 16, 2024, Robert Musslewhite leaves his post as chief executive officer at the provider of information about medical institutions, after less than a year and a half in the role, effective immediately.
Generally speaking, it raises questions when a CEO leaves his post abruptly and after a short tenure.
Definitive Healthcare will undertake a search for a successor.
Robert Musslewhite’s duties as CEO will be taken over temporarily by Jason Krantz, most recently Founder and Executive Chairman at Definitive Healthcare Corp., as Interim Chief Executive Officer.
No reason given
In the announcement, Definitive Healthcare did not explicitly explain the reason for the move.
Precise information regarding Robert Musslewhite’s future plans was not immediately available.
Definitive Healthcare said: “Robert Musslewhite has stepped down as the Company’s Chief Executive Officer and as a member of the Company’s Board of Directors, effective January 16, 2024.”
Share price decline since August 2022
The announcement follows a decline in Definitive Healthcare Corp.’s share price of 65% since August 2022. August 2022 is the month in which Musslewhite’s tenure as CEO began.
In the position of CEO since 2022
Robert Musslewhite became CEO of the Company in 2022.
Musslewhite has served as the Company’s Chief Executive Officer since August 2022 and as a member of the Board of Directors of the Company since June 2021.
Prior to that, Musslewhite served as President of the Company commencing in October 2021.
Prior to joining the Company, Musslewhite was the Chief Executive Officer of OptumInsight, the health services business of Optum, from August 2019 through August 2021, Optum360, Optum’s medical billing and coding business from March 2019 to August 2019, and Optum Analytics and Advisory Board Research, which provides research on healthcare strategy, care delivery, and operations from 2017 to March 2019.
Musslewhite also served as Chief Executive Officer of The Advisory Board Company from 2008 until 2017 and Chairman from 2013 to 2017, at which time the Company was acquired by Optum.
Prior to joining The Advisory Board Company, Musslewhite was an Associate Principal with McKinsey & Company, a global management consulting firm.
Musslewhite currently serves on the boards of directors of CoStar Group, a public company, and Ascend Learning and Iodine Software, which are private companies, and is a member of the Economics Club of Washington D.C.
Musslewhite received a J.D. from Harvard Law School and an A.B. in Economics from Princeton University.
40 words by Robert Musslewhite
In the release announcing his departure as CEO of Definitive Healthcare Corp., Robert Musslewhite received praise and thanks.
In announcing his departure, Robert Musslewhite kept it short and said 40 words.
“Wish Jason, the Board and the entire team all the best”
Robert Musslewhite stated: “It has been a been a privilege to lead a company as exceptional as Definitive Healthcare. I look forward to closely following the future success of Definitive Healthcare and wish Jason, the Board and the entire team all the best.”
Push-out Score for Robert Musslewhite’s move determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Robert Musslewhite’s move on a scale of 0 to 10.
Read the full story in the exechange report 4.2024 ($).