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Posted 03 March, 2023

Ontrak, Inc. appointed Brandon H. LaVerne as new CEO

Nasdaq:OTRK appointed new Chief Executive Officer Brandon H. LaVerne in a 8-K filed on 03 March, 2023.


  Effective March 3, 2023, the Company's Board of Directors appointed Brandon H. LaVerne, age 51, as Interim Chief Executive Officer of the Company, effective immediately.  

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Overview of Ontrak, Inc.
Health Care/Life Sciences • Healthcare Provision
Ontrak, Inc. engages in the provision of data analytics based behavioral health management and integrated treatment services to health plans. It offers services through its Ontrak platform solution, which is designed to improve member health, and at the same time, lower costs to the insurer for underserved populations where behavioral health conditions cause or exacerbate co-existing medical conditions. The company was founded by Terren S. Peizer on February 13, 2003 and is headquartered in Miami, FL.
Market Cap
$5.90M
View Company Details
Ontrak, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On March 2, 2023, Terren S. Peizer resigned as a member of the Board of Directors, as Chairman of the Board, as Executive Chairman, and as Chief Executive Officer of Ontrak, Inc. (the "Company"), effective immediately. Mr. Peizer explained that his resignation was for the good of the Company and to minimize any distraction from the important work that the Company does.


Effective March 3, 2023, the Company's Board of Directors appointed Brandon H. LaVerne, age 51, as Interim Chief Executive Officer of the Company, effective immediately. Mr. LaVerne has served as the Company's Co-President and Chief Operating Officer since June 27, 2022 and will continue to serve as Chief Operating Officer, but will no longer serve as Co-President. From March 2020 until June 27, 2022, Mr. LaVerne served as the Company's Chief Financial Officer. Mr. LaVerne's biographical information is in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission (the "SEC") on July 25, 2022 (the "2022 Proxy Statement"). Mr. LaVerne was not appointed as the Company's Interim Chief Executive Officer pursuant to any arrangement or understanding with any other person, and Mr. LaVerne has no family relationships with any current director, director nominee, or executive officer of the Company.


As a result of the changes in Mr. Laverne's roles with the Company, Mary Louise Osborne will serve as the Company's President. Ms. Osborne served as the Company's Co-President and Chief Customer Officer since June 27, 2022 and August 2021, respectively, and will continue to serve as the Company's Chief Customer Officer. Ms. Osborne's biographical information is contained in the 2022 Proxy Statement.