Hooper Holmes Introduces New Management Team

OLATHE, Kan.--(BUSINESS WIRE)--

Hooper Holmes (NYSE MKT: HH) today announced two new senior executive appointments, completing the consolidation of operations at the Company's new headquarters in Olathe, Kansas. Tracy D. Mackey has been appointed General Counsel and Corporate Secretary and David N. Rexroat has been appointed Senior Vice President, Health & Wellness Products and Operations.

Henry E. Dubois, President and CEO of Hooper Holmes, commented, "When I became CEO in April 2013 we began a series of transformational steps to exit the life insurance sector and fully focus on Health & Wellness growth. Building our new management team began with that effort, as Tom Collins and Greg Conrad stepped up to expanded responsibilities: Tom as SVP and CFO, and Greg as SVP, National Sales and Account Management. Today we announce two new additions to the senior team that round out our core group. We are excited about welcoming Tracy Mackey and Dave Rexroat. Both Tracy and Dave will help us capitalize on health care trends and create a nimble, growth-oriented culture."

Tracy D. Mackey has been a trusted legal advisor on a wide range of corporate legal issues for more than fifteen years. She has extensive experience in corporate governance, federal securities laws, mergers and acquisitions, and business strategy. Ms. Mackey joined Hooper from Waddell & Reed Financial, Inc., a mutual fund and investment management firm, where she served as Senior Counsel and Assistant Vice President. Prior to Waddell & Reed she held senior legal positions of increasing responsibility at Embarq Corporation, Sprint Nextel and Blackwell Sanders Peper Martin LLP. She began her career at Bryan Cave LLP, an international law firm. Ms. Mackey received her Bachelor of Arts degree in Economics, magna cum laude, from Georgetown University and her Juris Doctor degree, magna cum laude, from Georgetown University Law Center.

David N. Rexroat has been a longstanding innovator in healthcare services technology and health insurance operations. Mr. Rexroat joined Hooper from MediCloud Mobile Solutions where, as Managing Partner, he created a secure, tablet-based application to automate employer-based health screenings and vaccinations. He also served as President of Employer Wellness Solutions, a streamlined provider of immunizations, health screenings and health risk assessments to Blue Cross Blue Shield of Kansas City, United Healthcare, Coventry, Humana and Medicare. Mr. Rexroat previously served as President of MedExpress Labs, a provider of immunizations and lab testing services to consumers and small employers, and President of the Rex Consulting Group, LC, an employer benefits brokerage and consulting agency. Prior to those assignments he held sales and marketing roles of increasing responsibility with Prudential Insurance Company. He received his Bachelor of Business Administration degree in Finance from Iowa State University.

About Hooper Holmes

Hooper Holmes has three segments. Hooper Holmes Health & Wellness performs risk assessment and risk management services including biometric screenings, health risk assessments and onsite wellness coaching for wellness companies, disease management organizations, clinical research organizations and health plans. Heritage Labs tests millions of samples annually and helps insurers better applying the predictive powers of today's tests. Hooper Holmes Services provides integrated data collection, tele-interviewing and underwriting services.

On April 16, 2014 Hooper Holmes announced a strategic alliance with Clinical Reference Laboratory, Inc., under which CRL will become the Company's exclusive provider of laboratory testing services and Hooper will become a member of CRL's preferred provider network for wellness programs. CRL will acquire the assets and businesses of Heritage Labs and Hooper Holmes Services in a transaction that is expected to close in the late second quarter or early third quarter of 2014. At that time, Hooper Holmes' involvement in the life insurance sector will end and the Company will be purely focused on Health & Wellness.

This press release contains “forward-looking” statements, as such term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the Company's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions. Among the important factors that could cause actual results to differ materially from those expressed in, or implied by, these forward-looking statements are our ability to successfully implement our business strategy; uncertainty as to our working capital requirements over the next 12 to 24 months; our ability to maintain compliance with the financial covenant in our credit facility; our expectations regarding our operating cash flows; and the rate of growth in the Health and Wellness market and rate of life insurance application activity. Additional information about these and other factors that could affect the Company's business is set forth in the Company's annual report on Form 10-K for the year ended December 31, 2013, filed with the Securities and Exchange Commission on March 31, 2014. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events, except as required by law.