SmileDirectClub (NSDQ:SDC) this week announced that chief financial officer Kyle Wailes has resigned to pursue a CEO position at a healthcare company.
Wailes will remain in his role through March 1, 2022, to support the transition of responsibilities. He will continue to own a significant amount of equity in the clear teeth aligner company.
“On behalf of our entire team, I would like to thank Kyle for his leadership and the commitment he has demonstrated to SmileDirectClub throughout a critical stage in our growth from startup to a public company, including through the challenges of the pandemic and the recent inflationary macro environment. Kyle and I have been working on his career development, and his desire to be a CEO has become clear. He has been an invaluable member of our leadership team, and I wish him all the best in his new role,” CEO David Katzman said in a news release.
“It has been an honor to serve as CFO of SmileDirectClub and participate in its growth from disruptor to challenger in the oral care industry,” said Wailes. “I have complete confidence in the brand and the opportunity ahead for the Company, and I am thankful to have had the opportunity to work with the talented and driven team at SmileDirectClub.”
The company retained search experts Korn Ferry to lead the formal search for a new CFO.