Hims & Hers Names Mike Chi as New COO
Hims & Hers, a telehealth company, has announced a significant change in its C-suite. Mike Chi, the current chief commercial officer, will take over as COO from Nader Kabbani, effective November 2. The transition follows a drop in the company's stock by more than 9% on the yahoo finance platform.
Mike Chi, the incoming COO, has been with Hims & Hers since April 2021. He has held various executive roles in marketing and product management. Prior to joining Hims & Hers, Chi was associated with Kastle Health. Investors often favour such internal promotions, valuing consistency and longevity in leadership roles.
Nader Kabbani, the outgoing COO, has left to take up a new advisory role. The company's stock reacted negatively to the news, dropping by more than 9% on the yahoo finance platform.
Mike Chi's promotion to COO at Hims & Hers signals a shift in the company's leadership. With his experience in various executive roles and a proven track record, investors may find comfort in his appointment. The impact of this change on the company's future stock market performance remains to be seen.
