Blucora said there was no disagreements about financial results or operations, with Clendening, who had been CEO since April 2016. The company anticipates hiring a new CEO by the end of this month
Blucora has established an interim Office of the CEO, comprised of members of the executive leadership team, which will report to an Oversight Committee of the Company’s Board of Directors. The members are Enrique Vasquez, Curtis Campbell, Todd Mackay and Ann Bruder. The leaders of Avantax and TaxAct, Vazquez and compbell, will continue in those positions.
Mackay will oversee the closing of the acquisition HK Financial Services, along with spearheading operational improvements of Avantax Wealth Management and continue to lead business operations, while Bruder will oversee certain administrative and staff functions.
Avantax was formed last year through the combination of the former HD Vest and 1st. Global businesses.