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Total Brain (ASX:TTB) - Outgoing managing Director & CEO, Louis Gagnon
Outgoing managing Director & CEO, Louis Gagnon
Source: Louis Gagnon/LinkedIn
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  • Total Brain’s (TTB) CEO and Managing Director Louis Gagnon resigns from his roles due to health conditions
  • Mr Gagnon says he contracted COVID earlier this year and has since suffered acute stress levels while dealing with the fallout of symptoms
  • While he’s departing the CEO and MD roles, Mr Gagnon will continue providing advisory services for the company
  • While Total Brain looks for a permanent replacement, Chief Operating Officer Matt Mund will step into the role of interim CEO
  • Company shares are down 7.41 per cent to trade at 12.5 cents

Total Brain’s (TTB) CEO and Managing Director Louis Gagnon has resigned from both positions, effective immediately.

Mr Gagnon is leaving the roles due to health reasons but will continue to provide advisory services for 12 months. These services include meetings, partnership building, problem solving sessions, staff coaching and other communication.

The former CEO and MD said he contracted COVID-19 earlier this year and has since been dealing with the fallout of symptoms.

“As we at Total Brain know well, sustained levels of acute stress lead to health deterioration,” Mr Gagnon said.

“Unfortunately I am no exception, as the high stress levels of navigating a business through the challenges of a pandemic have exacerbated my health issues. It appears wise to give my body and mind a respite at this point in time.”

Mr Gagnon joined the company as CEO and MD in 2017 and brought with him over two decades of leadership experience.

Chairman and Founder Dr Evian Gordon said he was grateful for the vision, culture and leadership Louis brought, not only to the company, but to the field of mental health.

“We wish him a fast recovery and are very happy to be in a position to continue to harness his skills and experience as we continue to execute our plan relentlessly,” Mr Gordon said.

Following Mr Gagnon’s departure, current Chief Operating Officer Matt Mund will step into the role of interim CEO while Total Brain looks for a permanent replacement.

“I look forward to continuing the focus on our key values and the dedication to creating growth and success for the company, our clients, users and shareholders,” Mr Mund said.

“My colleagues and I thank Louis for his incredible contributions to Total Brain and we wish for him to rest and recover quickly.”

Company shares were down 7.41 per cent to trade at 12.5 cents at 3:02 pm AEDT.

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