By Colin Kellaher
LifeStance Health Group appointed its top finance executive, David Bourdon, as chief executive, succeeding Kenneth Burdick effective March 3.
The provider of outpatient mental-health care on Thursday said Burdick, who has been chairman and CEO since 2022, will retire as CEO and become executive chairman of the Scottsdale, Ariz., company.
Bourdon, who joined LifeStance as chief financial officer in 2022, will also join the board.
LifeStance said Ryan McGroarty, most recently finance chief at homecare company Help at Home, will succeed Bourdon as chief financial officer, effective March 17.
McGroarty will receive an annual base salary of $550,000 and an annual bonus with a target of 85% of his base pay, the company said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 27, 2025 06:34 ET (11:34 GMT)
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