WebMD Health Corporation said Chief Executive Cavan Redmond, appointed last June, will be leaving as the health information provider reported a narrower quarterly loss.
Reuters reported that shares of the company were up about 10 per cent at $27.94 in after-hours trading. They closed at $25.51 on the Nasdaq.
The company said its senior vice president of strategic and corporate development, David Schlanger, will serve as interim CEO.
WebMD, which operates medical websites providing health and disease related information, also said Anthony Vuolo will be replaced as chief financial officer by Peter Anevski, currently a senior vice-president of finance.
“The change announced today will best position us to build on the momentum that our senior management team has created to date,” WebMD Chairman Martin Wygod said in a statement.