Teladoc CEO Jason Gorevic to leave the company

In a decision that surprised Wall Street analysts, Teladoc Health announced that long-time CEO Jason Gorevic will depart the company immediately.

In a statement, the board of directors said, CFO Mala Murthy will take over as the acting chief executive. 

The leadership change comes as the virtual care company hunts for a path forward after a period of explosive growth during the Covid-19 pandemic. In February the company projected it would see single-digital growth for the next several years. Teladoc shares are down from its 2021 high of around $294, with the stock currently trading at around $14 a share.

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