Benefitfocus Names Barry Libert to Board of Directors
September 15 2020 - 4:05PM
Benefitfocus, Inc. (NASDAQ: BNFT), a leading cloud-based benefits
technology platform enabling rapid innovation for employers, health
plans and consumers, today announces the appointment of Barry
Libert to its board of directors, bringing the total number of
Benefitfocus directors to seven. Libert is also a strategic advisor
to BuildGroup, a major investor in Benefitfocus, and joins Lanham
Napier as BuildGroup’s second board member under the terms of their
investment.
“Barry brings a wealth of experience in digital business models,
and in particular AI-powered platforms to the Benefitfocus board,”
said Mason Holland, executive chairman. “We look forward to his
insight and counsel as we continue to expand our platform in
delivering, enrolling and communicating benefits and health care
solutions for our customers.”
Libert is an expert in digital business models, particularly
platforms powered by artificial intelligence (AI). Throughout his
career, Libert has served as an advisor to CEOs and boards on how
to transform their business models from product to platform,
customer to network, and from data to AI, in order to achieve
exponential growth and value. Previous clients include Barrack
Gold, iRobot, Neiman Marcus and Salesforce. He began his career
with McKinsey & Company, is a graduate of Tufts University
(Magna Cum Laude) and holds an MBA from Columbia University (Beta
Gamma Sigma).
“I am very excited to join the Benefitfocus board and support
the acceleration of its business model transformation,” said
Libert. “Benefitfocus’ ever-expanding platform of partners and
consumers, along with its ability to use AI and data to offer
superior value for its customers, can lead to exponential growth
for the company. I look forward to being a part of that
success.”
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About BenefitfocusBenefitfocus (NASDAQ: BNFT)
unifies the entire U.S. benefits industry on a single technology
platform to protect consumers for life. Our powerful cloud-based
software, data-driven insights and thoughtfully-designed services
enable employers, insurance brokers, health plans and
suppliers to simplify the complexity of benefits
administration and deliver health, wealth, property and lifestyle
products through a world-class benefits experience. Learn more at
www.benefitfocus.com, LinkedIn and Twitter.
Except for historical information, all of the statements,
expectations, and assumptions contained in this press release are
forward-looking statements. Actual results or performance might
differ materially from those explicit or implicit in the
forward-looking statements. Important factors that could cause
actual results to differ materially include: our ability to
compete effectively; the need to innovate and provide useful
products and services; risks related to changing healthcare and
other applicable regulations; the immature and volatile nature of
the market for our products and services; our ability to
maintain our culture and recruit and retain qualified
personnel; privacy; security and other risks associated with
our business; management of growth; and the other risk factors set
forth from time to time in our SEC filings, copies of which are
available free of charge within the Investor Relations section of
the Benefitfocus website
at http://investor.benefitfocus.com/sec-filings or upon
request from our investor relations department. Benefitfocus
assumes no obligation and does not intend to update these
forward-looking statements, except as required by law.
Benefitfocus, Inc.843-981-8898pr@benefitfocus.com Investor
Relations:Patti Leahy843-981-8899ir@benefitfocus.com
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