Teladoc CEO departs the company after stock's 95% fall from 2021 highs

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Teladoc Health on Friday announced the sudden departure of CEO Jason Gorevic

, effective immediately, according to a release.

The company's board of directors has temporarily appointed CFO Mala Murthy as Gorevic's replacement and hired an executive search firm to determine a permanent successor. Teladoc is a virtual health-care company that offers telehealth appointments with doctors, therapists and specialists. Gorevic joined the company as CEO in 2009, steering Teladoc through the global Covid-19 pandemic that left most health-care providers scrambling to adapt to a virtual format.. Murthy said in a letter to employees Friday she's focused on honoring the company's commitments to clients and members and ensuring the"company continues to operate effectively.

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