HealthEquity Expands Board of Directors
02 September 2022 - 6:01AM
HealthEquity, Inc. (NASDAQ: HQY) (“HealthEquity” or the “Company”),
the largest independent health savings account (HSA) custodian and
leader in consumer directed benefits (CDB), announced today that
Paul M. Black has been elected to the Company’s Board of Directors
effective immediately and appointed to serve on the Audit and Risk
Committee and Talent, Compensation and Culture Committee of the
Board. Mr. Black is a former healthcare information technology
chief executive officer with more than 25 years’ executive
experience. Mr. Black’s appointment expands the Board to 12
members, with 10 (including Mr. Black) being independent.
Robert Selander, Chairman, said of the appointment: “We are
delighted to welcome Paul to HealthEquity’s Board of Directors. He
is a respected leader with a proven track record of helping
healthcare IT businesses grow. His wealth of experience and insight
will prove invaluable to the Company as we continue to grow.”
Commenting on his new appointment, Mr. Black said, “I am truly
honored to join the HealthEquity Board and become part of Team
Purple’s mission of connecting health and wealth for millions of
American families. I look forward to building on the many successes
achieved by HealthEquity and continued focus on creating long-term
value for our shareholders.”
Mr. Black was the Chief Executive Officer of Allscripts
Healthcare Solutions, Inc. (NASDAQ: MDRX) from December 2012 – May
2022, as well as President from December 2012 to October 2015, and
a member of the Allscripts board of directors from April 2012 to
June 2022. Prior to joining Allscripts, Mr. Black served in various
executive positions at Cerner Corporation for thirteen years,
ending as Chief Operating Officer. Prior to joining Cerner
Corporation, Mr. Black spent 12 years in a variety of leadership
positions in sales, product marketing and professional services at
International Business Machines Corporation. Mr. Black currently
serves on two nonprofit boards. Mr. Black has previously served on
multiple publicly traded, private company and nonprofit boards of
directors for companies in the healthcare information technology,
patient monitoring, healthcare services, health care delivery,
healthcare device and consumer internet marketing industries. Mr.
Black holds a B.S. in Agriculture from Iowa State University and an
M.B.A. in Industrial Relations from the University of Iowa.
About HealthEquity
HealthEquity administers Health Savings Accounts (HSAs) and
other consumer-directed benefits for our more than 14 million
accounts in partnership with employers, benefits advisors, and
health and retirement plan providers who share our mission to
connect health and wealth and value our culture of remarkable
“Purple” service. For more information, visit
www.healthequity.com.
Investor Relations Contact:Richard
Putnam801-727-1209rputnam@healthequity.com
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