Directors who control the board of Cerebral Inc. agreed on a plan to replace Chief Executive Kyle Robertson, sparking leadership tumult at the mental-health startup as it contends with scrutiny over its prescription practices for controlled substances, people familiar with the situation said Tuesday.

Investors and an independent director who together control four of the board’s seven seats agreed that Mr. Robertson should be replaced by the firm’s president and chief medical officer, David Mou, some of the people said. Mr. Robertson, who is also Cerebral’s co-founder and controls the other three seats, didn’t participate in the meeting, but afterward he lost access to the company’s Slack messaging system without advance notice, another person said. Mr. Robertson hadn’t agreed to depart his CEO role as of late Tuesday, the people said.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Ex-Piston Will Bynum sentenced to 18 months in prison in NBA insurance fraud scheme

NEW YORK — Will Bynum, who played for the Detroit Pistons for…

U.K. Inflation Falls for Second Month, Following Global Move

Economy Rising wages and a shortage of workers point to further rises…

‘It’s scary’: Overdose deaths driven by fentanyl mixed with other drugs

The spike of drug overdose deaths this year and last year has…

Why Russia’s looming offensive in eastern Ukraine might be different — and decisive

As for the battle itself, Kuleba warns it could be very different…