Veradigm CEO Richard Poulton, CFO Leah Jones resign at request of board

Veradigm announced that the company’s board of directors appointed current chairman, Greg Garrison, as executive chairman, and current director, Shih-Yin Ho, as interim CEO. In addition, Lee Westerfield, who brings more than 25 years of experience as a senior financial executive, most recently serving as CFO at Clearsense, will be serving as interim CFO. CEO Richard Poulton has resigned at the request of the board from his role as CEO and has stepped down from the board. Also at the request of the board, Leah Jones has resigned as CFO and has agreed to serve in a consulting role to provide business-development related services to the company. Following Garrison’s appointment as executive chairman, Carol Zierhoffer was appointed as lead independent director. These changes result from the audit committee’s previously disclosed, ongoing independent investigation, which is being conducted by legal counsel and relates to the company’s financial reporting and internal controls over financial reporting and disclosure controls. The potential impact, if any, to the financial statements for previously reported periods as a result of the independent investigation is under review by the new leadership team. The board of directors has initiated a search process for a permanent CEO and CFO. The company intends to retain a leading executive search firm to support the process, which will include both internal and external candidates. The new leadership team is reviewing the fiscal year 2023 guidance previously issued on September 18.