Talkspace Announces CEO Transition Plan
November 15 2021 - 4:03PM
Talkspace, Inc. (Nasdaq: TALK), a leading virtual behavioral
healthcare company, announced today that its co-founder and CEO,
Oren Frank, has decided to step down from his position as CEO and
Board member of Talkspace, effective today. Roni Frank, co-founder
and Head of Clinical Services, is also stepping down from her role
and from the Board of Directors. Mr. and Mrs. Frank
will serve as Strategic Advisors to the Board for the next 6 months
to provide continuity and strategic direction.
The Board will conduct a comprehensive search for a new CEO, and
has retained Korn Ferry to advise on the search process. As part of
the transition plan, Chairman Douglas Braunstein will step in as
interim CEO to oversee the executive leadership team until a new
CEO has been identified.
Oren and Roni Frank co-founded Talkspace in 2012, with a mission
to democratize access to high-quality behavioral health services.
As co-founders of the Company, Mr. and Mrs. Frank have led
Talkspace to many milestones, including the Company’s listing on
NASDAQ earlier this year.
Oren Frank commented: “I am incredibly proud of the company Roni
and I have built. Roni and I are entrepreneurs, and we’re looking
forward to our next adventure. We pioneered a new way of providing
mental health services and in doing so, we touched millions of
lives. It’s been an incredible journey, we’ve built a terrific
team, and positively changed the mental health landscape and the
perception associated with it. I am certain that Talkspace will
continue to see tremendous success and growth with a new
leadership, one that is suited for the different set of needs and
skills required for a publicly traded company.”
Roni Frank added: “Over the last 10 years Talkspace expanded
access to care, and empowered millions of people to live better,
healthier lives. We are humbled to see our vision brought to life
through a purpose driven, tech-enabled mental health platform. I
will always be grateful to our talented and caring mental health
providers and employees for their passion and dedication. The
demand for mental health services continues to accelerate, and I
have the greatest degree of confidence in the long-term growth
opportunities for Talkspace.”
Doug Braunstein, Chairman of the Board and interim CEO, stated,
“On behalf of the entire Board, I would like to thank Oren and Roni
for their vision, leadership and the remarkable legacy they are
leaving behind. Oren and Roni have created an innovative digital
behavioral health platform, combining wide access to mental health
resources with a data-driven approach to clinical treatment. We
look forward to building on their vision and taking the Company
from its start-up roots to the next stage of growth.”
About Talkspace
Talkspace is a leading virtual behavioral
healthcare company enabled by a purpose-built technology platform.
As a digital healthcare company, all care is delivered through an
easy-to-use and fully encrypted web and mobile platform, consistent
with HIPAA and other state regulatory requirements.
Today, the need for care feels more urgent than
ever. When seeking treatment, whether it's psychiatry or
adolescent, individual or couples therapy, Talkspace offers
treatment options for almost every need. With Talkspace, members
can send their dedicated therapists text, video, and voice messages
anytime, from anywhere, and engage in live video sessions. As of
September 2021, over 2 million people have used Talkspace, and over
75 million lives were covered for Talkspace through insurance and
employee assistance programs or other network behavioral health
paid benefit programs.
For more information about Talkspace commercial
relationships, visit https://business.talkspace.com/.
To learn more about online therapy, please
visit: https://www.talkspace.com/online-therapy/.
To learn more about Talkspace Psychiatry, please
visit https://www.talkspace.com/psychiatry.
Contacts
For Investors:Westwicke, an ICR CompanyBob East / Asher
Dewhurst / Jordan Kohnstam443-213-0500TalkspaceIR@westwicke.com
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