SmileDirectClub CFO Kyle Wailes announced his intention to resign as CFO to pursue an opportunity at a healthcare company.

SmileDirectClub announced that chief financial officer Kyle Wailes has resigned from his position to pursue a chief executive officer position at a healthcare company.

Wailes will remain in his role to support the transition of responsibilities through March 1, 2022, and will continue to own a significant amount of equity in the company.

“On behalf of our entire team, I would like to thank Kyle for his leadership and the commitment he has demonstrated to SmileDirectClub throughout a critical stage in our growth from startup to public company, including through the challenges of the pandemic and the recent inflationary macro environment,” said David Katzman, CEO of SmileDirectClub. “He has been an invaluable member of our leadership team, and I wish him all the best in his new role.”

SmileDirectClub has retained executive search experts Korn Ferry to lead a formal search for a new CFO with public company experience. 

“It has been an honor to serve as CFO of SmileDirectClub and participate in its growth from disruptor to challenger in the oral care industry,” said Wailes. “I have complete confidence in the brand and the opportunity ahead for the Company, and I am thankful to have had the opportunity to work with the talented and driven team at SmileDirectClub.”

Photo via SmileDirectClub