Health In Tech, Inc. (Nasdaq: HIT) has appointed Sanjay Shrestha as Chief Executive Officer, effective October 20, 2026. Founder Tim Johnson will transition to the role of Executive Chairman of the Board of Directors on the same date. The company described the move as a leadership evolution designed to accelerate commercial execution and pursue strategic acquisitions.
Shrestha, who previously served as President of Plug Power, brings experience in public-company leadership, capital markets, and strategic acquisitions to the role. His mandate includes scaling existing businesses, accelerating commercialization, and identifying acquisition opportunities. Johnson will remain actively engaged in long-term strategy, technology innovation, and product development.
The company stated that the transition combines Johnson's healthcare insurance industry knowledge with Shrestha's experience in scaling businesses and corporate strategy. This structure aims to establish a sharper focus on operational execution, organic growth, and disciplined strategic expansion. Health In Tech operates an AI-enabled InsurTech platform intended to transform the health insurance marketplace through technology, automation, and innovation.
The new leadership structure is designed to advance three complementary strategic priorities. First, the company will focus on expanding adoption of its existing solutions and strengthening distribution and carrier partnerships under Shrestha's leadership. Second, Health In Tech intends to evaluate potential acquisitions, strategic investments, and partnerships that could expand its capabilities and strengthen its competitive position. Shrestha will lead the evaluation and execution of these opportunities in close coordination with Johnson and the Board of Directors.
Third, Johnson will continue to define the company's long-term strategic vision and guide the development of its products and marketplace solutions. As Executive Chairman, he will focus on solving structural inefficiencies in the healthcare insurance ecosystem while exploring emerging technologies. The company noted that this complementary leadership model aligns founder-led innovation with dedicated operational and commercial leadership.
In a statement, Johnson said the transition is a deliberate step toward scaling the company's capabilities and expanding its reach. He noted that Shrestha brings public-company operating experience and capital markets expertise that will strengthen the company's ability to turn opportunities into execution. Johnson emphasized that his commitment to Health In Tech is unchanged, allowing him to focus on areas where he believes he can contribute the greatest long-term value.
Shrestha stated that his immediate focus will be on strengthening execution, scaling existing businesses, and building the operational infrastructure needed for growth. He highlighted opportunities to evaluate strategic acquisitions and partnerships that can complement the company's platform. Shrestha noted that having previously served on the company's Board and as a Strategic Advisor, he has developed a strong appreciation for Health In Tech's capabilities and market opportunities.
The company's AI-powered HitRix platform is part of its expanding suite of marketplace solutions. Health In Tech aims to translate its technology capabilities and industry relationships into broader commercial opportunities through this new leadership structure.