OptimizeRx Transitions Leadership: Welcoming Stephen Silvestro

OptimizeRx Announces Leadership Change

OptimizeRx Corp. (NASDAQ: OPRX), a prominent provider of healthcare technology solutions, has officially declared a significant change in leadership. As of December 31, 2024, William J. Febbo, who has served as the Chief Executive Officer (CEO) for nearly nine years, will step down to pursue other career opportunities. To ensure a smooth transition, Febbo will provide advisory services until March 31, 2025. The Board of Directors has engaged a search firm to assist in finding a permanent replacement.

William Febbo’s Impact on OptimizeRx

During his tenure, Febbo played a crucial role in transforming OptimizeRx from a single point of care product to a leading omnichannel platform. His leadership has been instrumental in fostering partnerships with top pharmaceutical companies, driving large-scale growth, and enhancing the company's technological capabilities.

Lynn Vos, Chairperson of the Board of Directors, praised Febbo’s contributions, stating, "We are extremely grateful for Will’s leadership at the helm of OptimizeRx. He has significantly grown the company and prepared it to venture into a new phase of growth.” This acknowledgment underscores the strong foundation Febbo helped establish for the company’s future endeavors.

Introducing Interim CEO Stephen Silvestro

Following Febbo’s departure, Stephen Silvestro has been appointed as the interim CEO. Silvestro has been with OptimizeRx for over six years, initially as the Chief Commercial Officer before becoming the President last year. His extensive experience and familiarity with the organization position him well to lead the company during this period of transition.

Silvestro expressed gratitude for the trust placed in him by the Board and reiterated the commitment to move the company forward. "I am honored to have the Board’s trust and will remain resolute on scaling our business as we differentiate ourselves within the market through our technology," he stated. His focus will be on operational excellence, ensuring client satisfaction, and strengthening relationships with partners.

Continuous Commitment to Growth

Despite the leadership change, OptimizeRx remains dedicated to its financial goals for the fiscal year. The company reaffirmed its guidance, anticipating that revenue and adjusted EBITDA will land at the higher end of its projections.

About OptimizeRx

OptimizeRx provides cutting-edge health technology, facilitating engagement between life sciences organizations, healthcare providers, and patients throughout the patient care journey. Through an intelligent technology platform, OptimizeRx connects over 2 million U.S. healthcare providers and millions of patients, offering unparalleled support for life sciences companies.

For additional information about OptimizeRx and its services, one can follow the company on various platforms or visit their official website.

Frequently Asked Questions

Who will be the interim CEO of OptimizeRx?

Stephen Silvestro has been appointed as the interim CEO following William Febbo’s departure.

What was William Febbo's role at OptimizeRx?

William Febbo served as the CEO and played a vital role in growing OptimizeRx into an industry leader over the past nine years.

How long will William Febbo provide advisory services?

Febbo will offer advisory services to the company until March 31, 2025, to assist during the transition.

What is OptimizeRx's core business focus?

OptimizeRx focuses on healthcare technology solutions that connect life sciences companies with healthcare professionals and patients.

Where can I find more information about OptimizeRx?

More information can be found on their official website and social media channels.

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