SelectQuote Announces Departure of Chief Financial Officer Raff Sadun at end of May
May 19 2022 - 4:05PM
Business Wire
SVP of Financial Planning & Analysis Ryan Clement will serve
as interim Chief Financial Officer upon Sadun’s departure
SelectQuote, Inc. (NYSE: SLQT) today announced the departure of
Chief Financial Officer Raff Sadun after 5 years at SelectQuote to
pursue a new opportunity outside of the industry. The Board of
Directors approved the appointment of Ryan Clement, SVP of
Financial Planning & Analysis, as interim CFO effective upon
Sadun’s departure at the end of the month. Prior to joining
SelectQuote, Clement served as the CFO of a software technology
company and has over a decade of experience in senior-level finance
and operations roles. Clement will continue to lead SelectQuote’s
Financial Planning & Analysis organization while acting as
interim CFO. The company’s financial reporting and accounting
functions will be led by Stephanie Fisher, SelectQuote’s Chief
Accounting Officer, who will assume the role of principal
accounting officer effective upon Sadun’s departure. The company
has initiated a national search for a permanent Chief Financial
Officer.
SelectQuote’s Chief Executive Officer, Tim Danker commented, “On
behalf of everyone at SelectQuote, I would like to thank Raff for
his integral role in the growth and success of our company. Raff
was instrumental during SelectQuote’s initial public offering back
in 2020 and has established a world-class finance function at the
company, which will ensure an orderly transition as we conduct the
search for a new Chief Financial Officer. We wish Raff well in his
future endeavors and the next chapter of his career.”
About SelectQuote
Founded in 1985, SelectQuote (NYSE: SLQT) provides solutions
that help consumers protect their most valuable assets: their
families, health and property. SelectQuote pioneered the model of
providing unbiased comparisons from multiple, highly-rated
insurance companies allowing consumers to choose the policy and
terms that best meet their unique needs. Two foundational pillars
underpin the company’s success: a strong force of highly-trained
and skilled agents who provide a consultative needs analysis for
every consumer, and proprietary technology that sources and routes
high-quality leads. SelectQuote has three core business lines:
SelectQuote Senior, SelectQuote Life and SelectQuote Auto and Home.
SelectQuote Senior, the largest and fastest-growing business,
serves the needs of a demographic that sees 10,000 people turn 65
each day with a range of Medicare Advantage and Medicare Supplement
plans. In 2021, SelectQuote expanded its business with the addition
of Population Health, a healthcare services company, and SelectRx,
a specialty medication management pharmacy.
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Investor Relations:
Sloan Bohlen 877-678-4083 investorrelations@selectquote.com
Media:
Matt Gunter 913-286-4931 matt.gunter@selectquote.com
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