Seattle startup 98point6 appoints Jeff Greenstein as permanent CEO following leadership shuffle

98point6 chairman Jeff Greenstein is now the corporate’s permanent CEO after taking up interim leadership duties following the departure of former CEO and co-founder Robbie Cape in August.

Greenstein was named interim CEO after the board of Seattle-based 98point6 determined to take away Cape as CEO. On the time, the telemedicine firm stated it was on the lookout for a brand new chief who might place the 6-year-old startup for its subsequent section of development.

That individual ended up being Greenstein, a longtime Seattle enterprise chief and philanthropist who served 38 months in jail a decade in the past for conspiring to defraud the Inside Income Service and aiding and helping within the submitting of a false return as a part of an roughly $240 million tax shelter fraud.

Greenstein based funding administration agency Quellos Group in 1994 and bought it to BlackRock for greater than $1 billion in 2007. He now runs an funding agency referred to as YIS Capital. He co-founded 98point6 in 2015 with Cape, although his position was largely underneath the radar till this yr.

Greenstein stays chairman of the corporate, which offers digital major care in all 50 states to greater than 3 million sufferers. It has greater than 300 business contracts. The startup employs 369 individuals.

Beforehand: Inside the shakeup at 98point6: Board member explains abrupt CEO change at well-funded startup

“Over the past a number of months, I’ve had the chance to work carefully with the superb crew at 98point6 and proceed to be impressed each day by the eagerness, dedication and dedication of enhancing individuals’s lives,” Greenstein stated in an announcement. “We’re at a pivotal second in historical past; a time that has us managing by way of a world pandemic and creating new know-how to serve individuals when and the place they want care. By means of innovation and fixed enchancment, I imagine 98point6 will eternally change the best way individuals view major care. I’m extraordinarily bullish on the corporate and I’m honored to be working alongside a world-class group of pros.”

The board’s resolution to let go of Cape stunned individuals within the Seattle startup group, within the well being tech trade, and even inside the corporate, which has raised $247 million and reported an enormous improve in buyer demand through the pandemic. Cape additionally left the corporate’s board.

In a earlier interview with GeekWire, board member Lisa Brummel stated there was “nothing improper” that led to Cape’s firing, stressing that it’s common for a founding CEO to step apart to permit a frontrunner with totally different expertise to take the helm.

Cape is a veteran of the Seattle tech scene. Earlier than launching 98point6 he sold family scheduling app Cozi to Time Inc. in 2014 and beforehand spent 12 years at Microsoft.

Earlier this week Cape stated he was exploring potential new alternatives in agriculture and the surroundings.

“Whereas I don’t know the ‘what’ but, and definitely there isn’t a ‘us’ but, the ‘how’ begins with nice individuals. The truth is, it’s *all* about individuals,” Cape wrote in a LinkedIn post. “So as soon as I determine what’s subsequent, one in all our first hires is prone to be the one who helps construct the crew and the tradition.”

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