Luke Alvarez, president and CEO of Inspired, is leaving the company.
"I am grateful to Luke for his leadership of Inspired since its founding and during its rapid growth in its inaugural year and a half as a public company," said executive chairman Lorne Weil. "We will miss him, and we wish him every success."
Alvarez's responsibilities will be divided among the members of the newly formed Office of the Executive Chairman, which will consist of the aforementioned Weil, president and chief operating officer Brooks Pierce, executive vice president and chief strategy officer Daniel Silvers, and executive vice president and chief financial officer Stewart Baker.
In addition, the company has reported unaudited financial results for the second quarter of 2018; based on initial assessments, it estimates that its consolidated revenue for that quarter will be approximately $37.5m, representing an increase of approximately 33.5 per cent over the same period in the prior year, and its adjusted EBITDA for that quarter will be approximately $12.4m, representing an increase of approximately 43.4 per cent.
Weil added: "I believe the outlook for the company is strong and I look forward to continuing to work with the leadership team, the Board and our incredibly talented employees as we execute on our strategic priorities as a best-in-class company and leader in our industry."
