SmileDirectClub Announces Departure of CFO Kyle Wailes
December 07 2021 - 4:30PM
SmileDirectClub, Inc. (Nasdaq: SDC), the next generation oral care
company with the first medtech platform for teeth straightening,
today announced the resignation of Chief Financial Officer Kyle
Wailes to pursue a CEO opportunity at a healthcare company. Wailes
will remain in his role to support the transition of
responsibilities through March 1, 2022 and will continue
to own a significant amount of equity in the Company.
David Katzman, Chief Executive Officer of
SmileDirectClub, said, “On behalf of our entire team, I would like
to thank Kyle for his leadership and the commitment he has
demonstrated to SmileDirectClub throughout a critical stage in our
growth from startup to public company, including through the
challenges of the pandemic and the recent inflationary macro
environment. Kyle and I have been working on his career
development, and his desire to be a CEO has become clear. He has
been an invaluable member of our leadership team, and I wish him
all the best in his new role.”
“It has been an honor to serve as CFO of
SmileDirectClub and participate in its growth from disruptor to
challenger in the oral care industry,” said Wailes. “I have
complete confidence in the brand and the opportunity ahead for the
Company, and I am thankful to have had the opportunity to work with
the talented and driven team at SmileDirectClub.”
The Company has retained executive search experts
Korn Ferry to lead a formal search for a new Chief Financial
Officer with public company experience. Wailes will continue to
support the transition through March 1, 2022.
About
SmileDirectClubSmileDirectClub, Inc. (Nasdaq: SDC)
(“SmileDirectClub”) is an oral care company and creator of the
first medtech platform for teeth straightening. Through its
cutting-edge telehealth technology and vertically integrated model,
SmileDirectClub is revolutionizing the oral care industry, offering
consumers the ability to get clinically safe and effective
treatment but without the 3x markup. SmileDirectClub’s mission is
to democratize access to a smile each and every person loves by
making it affordable and convenient for everyone. SmileDirectClub
is headquartered in Nashville, Tennessee and operates in the U.S.,
Canada, Australia, New Zealand, United Kingdom, Ireland, Germany,
Austria, Netherlands, Hong Kong, Singapore, Spain, France and
Mexico. For more information, please visit SmileDirectClub.com.
Contact:SmileDirectClub Media
Relations: Press@SmileDirectClub.com SmileDirectClub Investor
Relations: InvestorRelations@smiledirectclub.com
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