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American Well (AMWL) has provided an update.
American Well Corporation has announced the resignation of Dr. Roy Schoenberg as President & Co-CEO, effective June 13, 2024, following his new appointment as Executive Vice Chairman. Dr. Schoenberg’s departure is amicable, with no disagreements over operations or practices. His new role comes with a significant salary, bonuses, and benefits, including a multi-million-dollar transition package and accelerated equity awards. Additionally, the agreements outline post-employment benefits, intellectual property rights, and non-compete clauses, ensuring a smooth transition and continued alignment with the company’s interests.
For an in-depth examination of AMWL stock, go to TipRanks’ Stock Analysis page.
