— A letter from Sharecare’s founder, Jeff Arnold —
Today marks another memorable milestone for Sharecare that has been years in the making.
In addition to reporting strong Q3 financial results this morning, we also announced that our board member, Brent Layton, who previously served as president and COO of Centene Corporation, will become the next CEO of Sharecare. Brent officially starts at Sharecare on Jan. 2, 2024, when I will transition to executive chairman, remaining heavily involved in our day-to-day business activities, focused on driving overall strategy and product innovation, addressing market needs with next generation technology such as generative AI, and supporting strategic growth opportunities.
I first got to know Brent in his capacity at Centene several years ago, and when he announced that he planned to depart after a successful 20-year career, I saw an opportunity for Sharecare. Nearly a year ago, he joined Sharecare’s board of directors and, over that time, Brent has proved himself an invaluable, collaborative advisor to me, our board, and our company.
Notably, when Brent joined Centene over 20 years ago, their revenue was $300 million – approximately $150 million less than Sharecare’s annual projected revenue today. As Brent departs Centene, the company generates $144 billion annually. I believe that Sharecare has the assets and capabilities to fuel a similar growth profile over time — and Brent will help us realize our goals to chart a formidable path forward.
When we started Sharecare over a decade ago, we set out to build an end-to-end digital platform focused on improving health outcomes for people, no matter where they are in their personal well-being journeys. As we sit here today, we have done that. Together, we have built the platform of choice for some of the country’s largest and most respected employers and health plans, bearing the responsibility of being the digital front door for more than 12 million lives across those client populations. But we’re not simply engaging people to execute a task to earn a reward or HSA deposit; we’re also – truly – moving the needle on people’s health and well-being and, in many cases, not just improving but also saving their lives.
We’ve accomplished so much to-date — and that’s just one of the reasons I’m excited about Brent joining our team: His expertise is additive to our already amazing team, and the two of us have incredibly complementary skill sets. Brent’s track record of success in securing large government-funded deals and orchestrating massive implementations is well known and highly respected in the industry. I believe that his experience, combined with my expertise and passion for digital health strategy, partnerships, M&A, and product innovation, will deliver enhanced value for Sharecare’s users, customers, and shareholders.
Brent’s enthusiasm for what we can accomplish is palpable, and together we are committed to unlocking additional value for our customers as well as our shareholders. Sharecare’s future is bright, and I am looking forward to this next evolution of our journey… with all of you.