WebMD Announces Formation of Office of the President
ELMWOOD PARK, N.J., Sept. 20 /PRNewswire/ -- WebMD Corporation (Nasdaq: HLTH) announced today that Marvin P. Rich, its President, is leaving the Company to pursue other opportunities. WebMD stated that an Office of the President has been created, consisting of four executive officers who will report directly to Martin J. Wygod, the Chairman and Chief Executive Officer of WebMD. The members of the Office of the President are: * Thomas P. Apker, who will also continue as Chief Operating Officer * Kevin Cameron, who will also continue as Executive Vice President, Business Development * Roger C. Holstein, who will also continue as Chief Executive Officer, Consumer Services * Michael A. Singer, who will also continue as Chief Executive Officer, Practice Management Sales and Services The members of the Office of the President will be responsible for WebMD's day-to-day operations and strategic planning. Mr. Wygod stated: "Marv's leadership in implementing WebMD's restructuring has allowed us to rationalize our cost structure. We are grateful for his efforts in streamlining our company. On behalf of the Company, I would like to wish him well in his future endeavors." Mr. Wygod also commented on the new Office of the President: "The members of our new Office of the President have been making important contributions, during the past year, to the planning and implementation of the strategic initiatives that represent the future of our company. They have the wide range of expertise and the experience necessary to lead WebMD to profitability and growth." ABOUT WEBMD WebMD provides connectivity and a full suite of services to the healthcare industry that improve administrative efficiencies and clinical effectiveness enabling high-quality patient care. The Company's products and services facilitate information exchange, communication and transactions between the consumer, physician and healthcare institutions. All statements contained in this press release, other than statements of historical fact, are forward-looking statements, including those regarding: future financial results and other projections of measures of future financial performance of WebMD; the amount and timing of the benefits expected from WebMD's integration plan and of the costs of executing such plan; potential changes in WebMD's business relationships; and future deployment of applications. These statements are based on WebMD's current plans and expectations and involve risks and uncertainties that could cause actual future events or results to be different from those described in or implied by such forward-looking statements. These risks and uncertainties include those relating to: market acceptance of WebMD's products and services; operational difficulties relating to combining acquired companies and businesses; the profit potential of WebMD's strategic relationships and customer contracts; economic conditions and regulatory matters affecting the Internet and healthcare industries; and the ability of WebMD to attract and retain qualified personnel. Further information about these matters can be found in WebMD's Securities and Exchange Commission filings. WebMD expressly disclaims any intent or obligation to update these forward-looking statements. MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X52648883
SOURCE WebMD Corporation
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