Draper-based health savings account (HSA) administrator HealthEquity Inc. has announced the appointment of Scott Cutler as president and CEO. He succeeds John Kessler, who will remain with the company as a director and special advisor through April. Cutler’s appointment becomes effective Jan. 6. He will also join the board as a director.
“After an extensive and rigorous nationwide search process, we are thrilled to introduce Scott Cutler as our next CEO,” said Robert Selander, chairman of the board of directors. “Scott brings to HealthEquity a strong background in digitally driven growth and a long record of success leading high-performance teams. We believe he is exceptionally qualified to build on the company’s established strategy and proven strengths.”
“HealthEquity’s strengths and the board’s thorough planning enabled me to make this decision now,” said Kessler. “Team Purple is the acknowledged HSA market leader with a deep bench of talent, full pipeline of innovation and the financial resources to realize its vision of HSAs being as widespread as retirement accounts by 2030. I expect to marvel at the team’s future accomplishments just as I have over the last 15 years, while investing more time in my family, including my new granddaughter.”
“I could not have asked for a better partner to lead our company,” said Steve Neeleman, vice chair and founder of HealthEquity. “We wish Jon and his family health and happiness in their adventures together.”
Cutler comes to HealthEquity from StockX LLC, where he has been the CEO since June 2019. Prior to that, Cutler was the senior vice president of Americas at eBay Inc. from August 2017 to March 2019, president of StubHub Inc. from April 2015 to August 2017 and an executive vice president of NYSE Euronext Inc. from April 2006 to March 2015. He has also been a technology investment banker and corporate securities lawyer. He currently serves on the board of directors of Brookfield Renewable Partners LP and nonprofit Vibrant Emotional Health. He holds a B.S. in economics from Brigham Young University and a J.D. from the University of California Hastings College of the Law.