InnovAge CEO Maureen Hewitt resigns effective Jan 1; Patrick Blair named President and CEO

InnovAge Holding Corp.

Maureen Hewitt resigned as CEO and director effective Jan 1, 2022, after 15 years with the company.
Patrick Blair, previously President since Nov 2021, appointed President and CEO immediately.
Hewitt receives separation benefits of ~$2.677M (24 months salary + 1.5x target bonus) plus COBRA coverage.
Company cites regulatory issues with CMS and California/Colorado programs as key focus for new CEO.
Blair brings experience from BAYADA Home Health and Anthem; board expresses full support.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Patrick Blair

President and Chief Executive Officer

INNV · InnovAge Holding Corp.

Effective: 2022-01-01
Filed: January 3, 2022, 6:59 PM ET

Upon such resignation, the Board appointed Patrick Blair, President of the Company, to serve as President and CEO, effective immediately.

Departed

Maureen Hewitt

Chief Executive Officer

INNV · InnovAge Holding Corp.

Effective: 2022-01-01
Successor: Patrick Blair
Filed: January 3, 2022, 6:59 PM ET

On January 1, 2022, Maureen Hewitt, Chief Executive Officer (“CEO”) and a member of the Board of Directors (the “Board”) of InnovAge Holding Corp. (the “Company”), resigned from her positions as CEO and director, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrick Blair was appointed as President and Chief Executive Officer at InnovAge Holding Corp..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Upon such resignation, the Board appointed Patrick Blair, President of the Company, to serve as President and CEO, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Maureen Hewitt resigned as Chief Executive Officer at InnovAge Holding Corp..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On January 1, 2022, Maureen Hewitt, Chief Executive Officer (“CEO”) and a member of the Board of Directors (the “Board”) of InnovAge Holding Corp. (the “Company”), resigned from her positions as CEO and director, effective immediately.

View on SEC.gov

InnovAge Holding Corp. filing history →

Source: SEC EDGAR

accession 0001104659-22-000142

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