Michael Waters, chief operating officer of Teladoc Health, will leave his position at the end of the year.
Waters will exit effective Dec. 31 in connection with a change in the executive reporting structure, according to a Sept. 27 Securities and Exchange Commission filing. He has served as Teladoc's COO since July 2022.
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Teladoc, the parent company of mental health platform BetterHelp, did not respond to requests for comment regarding any plans to replace Waters with an interim or permanent COO.
Waters agreed to remain employed by the company through Dec. 31 and to adhere to noncompete obligations for nine months after his departure, among other conditions, according to the filing. He is not listed on the leadership page of Teladoc's website.
The news of Waters' departure follows other shifts at the company, which has faced tumult in the wake of the COVID-19 pandemic.
Teladoc in July reported a second-quarter loss of $837.7 million, or $4.92 per share, in Charles "Chuck" Divita's first earnings call since being named CEO in June. Divita had replaced acting CEO Mala Murthy, who temporarily took the reins at the company after longtime CEO Jason Gorevic departed in April. Murthy is still chief financial officer.