NEW YORK, Oct. 17, 2012 /PRNewswire/ -- WebMD Health Corp. (NASDAQ: WBMD) today announced that its Board of Directors has unanimously appointed Thomas J. Coleman to the Board, effective immediately, expanding the membership of the Board from 12 to 13. Mr. Coleman is a co-Founder and co-President of Kensico Capital Management Corp., which is the owner of approximately 11.4% of WebMD's outstanding shares.
"We are pleased to welcome Tom to the Company's Board of Directors," said Martin J. Wygod, Chairman of the Board of WebMD. "Tom brings to our Board many years of experience analyzing, and realizing value for his investors from, a broad spectrum of companies. In addition to his career as an investor, Tom has had hands-on business operations experience."
Mr. Coleman said: "As a long-term shareholder of WebMD, I look forward to working with Marty and the other Board members to help achieve the potential that I see for this company."
Mr. Coleman is joining the Board as an additional Class II director. Class II directors' terms expire at the Company's 2013 Annual Meeting of Stockholders.
WebMD Health Corp. (NASDAQ: WBMD) is the leading provider of health information services, serving consumers, physicians, healthcare professionals, employers, and health plans through our public and private online portals, mobile platforms and health-focused publications.
The WebMD Health Network includes WebMD Health, Medscape, MedicineNet, emedicineHealth, RxList, theheart.org, Medscape Education and other owned WebMD sites.
All statements contained in this press release, other than statements of historical fact, are forward-looking statements. These statements are based on our current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different than those described in or implied by such forward-looking statements, including risks and uncertainties regarding: competition for advertisers and sponsors for our public portals and mobile platforms; changes in financial markets; changes in economic, political or regulatory conditions or other trends affecting the healthcare, Internet and information technology industries. Further information about these matters can be found in our Securities and Exchange Commission filings. Except as required by applicable law or regulation, we do not undertake any obligation to update our forward-looking statements to reflect future events or circumstances.
SOURCE WebMD Health Corp.