Company: Teladoc Health, Purchase, NY
Nomination Submitted by: Shallot Communications
Company Description: Teladoc Health empowers all people everywhere to live their healthiest lives by transforming the healthcare experience. As the leader in whole-person virtual care, Teladoc Health uses proprietary health signals and personalized interactions to drive better health outcomes across the full continuum of care, at every stage in a person’s health journey.
Nomination Category: Individual Awards Categories
Nomination Sub Category: Female Executive of the Year – Consumer Services –More Than 2,500 Employees
 Nomination Title: Mala Murthy, CFO
- Outline the nominee's achievements since July 1 2021 that you wish to bring to the judges' attention (up to 250 words):
Total 144 words used.
Mala Murthy leads Teladoc Health's global finance organization, including accounting, financial planning and analysis, and investor relations. With a focus on assuring shareholder value, Murthy is a seasoned leader with a proven track record of driving balanced top-and-bottom-line growth.
Murthy drives value through a disciplined, strategic financial strategy, resulting in a cash flow positive position. Since Murthy joined in 2019:
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Adjusted EBITDA grew: $39M to $247M
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Margins expanded: 7% to 10.2%
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Operating cash flow grew: $30M to $190M
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Company was included on Fortune 1000 list for the first time ever in 2023
Under Murthy’s leadership, the company is investing more in R&D innovation than ever. With expanding margins and growing cash flow, plus a focus on driving efficiency, Teladoc Health is rapidly increasing investment in the business. Technology and development spending increased year over year ~$60M to over $400M from 2019 to 2022.
- Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 9 words used.
The attached awards and interviews highlight Murthy's incredible leadership.
- Which will you submit for your nomination in this category, a video of up to five (5) minutes, explaining the achievements since July 1, 2021 of the nominated woman, OR written answers to the questions? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video. If you are submitting written answers to the questions for this category, provide them in the spaces below:
- Briefly describe the nominated individual: history and past performance (up to 200 words):
Total 128 words used.
As an agile and strategic finance leader, Mala Murthy brings a passion for developing and implementing strategies that drive both short-term and long-term value, acquired from extensive financial management experience in diverse industries. Murthy has successfully supported substantial acquisitions and overseen the development of capital structure and liquidity strategies. She is a trusted partner with a strong track record to develop and implement strategies that drive change and maximize performance.
Prior to joining Teladoc Health she held several senior executive positions at American Express, most recently as chief financial officer of the Global Commercial Services segment. There she led strategic investment decisions and profit and loss stewardship for the segment. She has also previously served in various leadership positions with Pepsico leading high-growth business units and matrix environments.
- Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the nominee's past performance (up to 250 words):
Total 104 words used.
Under Murthy’s leadership, Teladoc Health has a strong financial position, even in this uncertain economic climate, allowing the team to continue strategically investing in areas that enable access to quality, convenient care. At a time when many other businesses, especially in the healthcare sector, are reducing their offerings and pulling back from investing in innovation, Teladoc Health has doubled down, rolling out new categories of care and partnerships across the industry to deliver the highest quality, seamless, healthcare experience.
The company is uniquely positioned to deliver data-driven integrated virtual care, largely attributed to Murthy’s commitment to a durable business model and strong financial performance.
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