Health insurance marketplace eHealth has appointed Derek Yung as new chief financial officer (CFO). He will oversee the company’s financial and accounting functions and report directly to CEO Scott Flanders.
Yung succeeds David Francis, who has served as CFO of eHealth since July 2016 and as chief operating officer since January of 2018. With this appointment, Francis will continue in the role of COO of eHealth and focus his efforts full-time on the operating and revenue functions of the business.
Yung joins eHealth from Hotwire, a travel services company owned by Expedia, where he served as CFO and led the company’s finance, strategy and analytics functions, and served on Expedia's global executive finance team.
Prior to his time at Hotwire, Yung served as CFO for Ticketfly, a live events ticketing company, leading its finance and information technology functions before and after the company was acquired by Pandora in 2015. He has also served in CFO roles for Tria Beauty and Nextag.
“I am very pleased to welcome Derek to the eHealth team,” said Flanders. “He has built a strong record of successful leadership throughout his career, and we look forward to benefiting from his well-honed expertise. We continue to strengthen our executive team with leaders who are experienced in creating value in high growth companies. Derek fits squarely in this mold, and we are very happy to have him aboard.”
Yung commented: “eHealth has been a transformative presence in the health insurance industry since its founding, and I am proud to be a part of this chapter of the company’s growth. eHealth’s mission of engaging, educating and enrolling health insurance customers in the best policy at every stage of their lives is a unique value proposition and is a mission I endorse wholeheartedly and I look forward to being part of the eHealth team.”
eHealth, Appointment, Health Insurance, David Francis, US