Syra Health Board Begins CEO Search to Drive Growth

Rhea-AI Summary

Syra Health Corp. (SYRA) announced that its Board of Directors is initiating a national search for a new Chief Executive Officer to replace current CEO Dr. Deepika Vuppalanchi. Dr. Vuppalanchi will serve as interim CEO during the transition period and is expected to remain part of the leadership team after the appointment of her successor.

This leadership transition is described as part of a strategic succession plan aimed at positioning the healthcare technology company for its next growth phase. The Board emphasized its commitment to finding a leader who will advance the company's mission of delivering accessible, affordable, and prevention-focused healthcare solutions.

Positive

• Strategic succession planning demonstrates corporate governance maturity
• Continuity maintained with current CEO serving as interim and staying with company
• Planned transition allows for thorough search without disrupting operations

Negative

• Leadership uncertainty during transition period could impact strategic execution
• Potential shift in company direction with new CEO appointment

News Market Reaction

-12.25%

1 alert

-12.25% News Effect

On the day this news was published, SYRA declined 12.25%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CARMEL, Ind., May 20, 2025 /PRNewswire/ -- Syra Health Corp. (OTCQB: SYRA) ("Syra Health" or the "Company"), a healthcare technology company dedicated to powering better health through innovative technology products and services, announced today that its Board of Directors will begin a national search for a new Chief Executive Officer to succeed current CEO Dr. Deepika Vuppalanchi. Dr. Vuppalanchi will serve as interim CEO until a successor is appointed.

This leadership transition is part of a strategic succession plan designed to position Syra Health for its next phase of growth in the healthcare sector. The Board is committed to a thorough and inclusive search for a leader who will advance the Company's focus on delivering accessible, affordable, and prevention-focused healthcare solutions.

The Board extends its sincere gratitude to Dr. Vuppalanchi for her dedication to Syra Health. Her continued involvement during this transition will help ensure leadership continuity.

Following the appointment of a new CEO, Dr. Vuppalanchi, co-founder of Syra Health, is expected to remain part of the leadership team and continue supporting the Company's strategic direction and growth initiatives.

About Syra Health

Syra Health is a healthcare technology company that powers better health in critical areas such as mental health, population health, and the healthcare workforce. The company's leading-edge technology products and innovative services focus on prevention, access, and affordability. With a commitment to improving health, Syra Health is advancing healthcare solutions nationwide and around the world. For more information, please visit www.syrahealth.com.

Forward-Looking Statements

Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements." These statements include but are not limited to, statements relating to the expected use of proceeds, the Company's operations and business strategy, and the Company's expected financial results. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The forward-looking statements contained in this press release are based on management's current expectations and are subject to substantial risks, uncertainty, and changes in circumstances. Investors should read the risk factors set forth in our Form 10-K for the year ended December 31, 2024, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and, except as required by federal securities laws, the Company specifically disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

For Media Inquiries:
Christine Drury
Director of Corporate Communications
Syra Health
463-345-5180
christined@syrahealth.com

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SOURCE Syra Health

FAQ

Why is Syra Health (SYRA) CEO Dr. Deepika Vuppalanchi stepping down?

The CEO transition is part of a strategic succession plan designed to position Syra Health for its next phase of growth in the healthcare sector. Dr. Vuppalanchi will serve as interim CEO and remain part of the leadership team after the transition.

Who will be the new CEO of Syra Health (SYRA)?

The Board of Directors is initiating a national search for a new CEO. No successor has been named yet, and Dr. Vuppalanchi will serve as interim CEO until a new leader is appointed.

What will happen to Dr. Vuppalanchi after the new SYRA CEO is appointed?

After the appointment of a new CEO, Dr. Vuppalanchi, who is a co-founder of Syra Health, is expected to remain part of the leadership team and continue supporting the company's strategic direction and growth initiatives.

How will this CEO change affect Syra Health's business strategy?

The Board is seeking a leader who will advance the company's focus on delivering accessible, affordable, and prevention-focused healthcare solutions, suggesting continuity in the company's core mission and strategy.