HealthStream, Inc. announced that J. Edward Pearson, President & Chief Operating Officer, will be retiring from his current role, effective at the end of the second quarter of 2023. Afterwards, he plans to continue serving HealthStream in a multi-year, part-time leadership position as an Executive-in-Residence. Mr. Pearson has played a significant role in transforming the Company during his 16-year tenure.

When he joined the Company in 2006 there were 200 employees and $27 million in annual revenues. Contrasting that to today's employee count of over 1,100 individuals and annual revenues of $267 million helps provide context for the magnitude of growth Mr. Pearson has helped the Company achieve. Moreover, he is responsible for a long list of process improvements and innovations that have been implemented throughout the Company, which have played a key factor in success.

His executive-level performance makes him an ideal mentor, coach, and teacher—all roles that he will provide HealthStream's employees as an Executive-in-Residence. To provide executive-level leadership of HealthStream's enterprise-level, single platform approach, updates in the Company's management team have been made as well. Michael J. Sousa has been promoted to Executive Vice President, Enterprise Applications, having most recently served as Senior Vice President, HealthStream and President, VerityStream.

In his new role, Mr. Sousa's responsibilities have expanded to include both HealthStream Credentialing and HealthStream Scheduling, which form the Company's Enterprise Applications solutions group. In his 18-year tenure at HealthStream, he has been instrumental in the nationwide growth of customer base, as well as successfully building and leading VerityStream business. Mr. Sousa's executive leadership makes him particularly qualified to officially lead the Company's enterprise-level applications.

Scott McQuigg has been named Senior Vice President, Digital & Network Development, having most recently served as Senior Vice President & General Manager, Scheduling Solutions. In his new role, Mr. McQuigg is focused on advancing the Company's business-to-professional channel, expanding upon and growing direct relationships with healthcare professionals. With a unified platform across the Company's applications and solutions, he will further develop and capitalize on innovative network effects that leverage HealthStream's ecosystem.

In his four-year tenure at HealthStream—and his prior entrepreneurial successes—Mr. McQuigg has demonstrated his ability to grow professional audiences, user engagement, and monetization, which aligns with this newly emerging opportunity for the Company.