Kyle Robertson, the entrepreneur who grew Cerebral Inc. into a $4.8 billion behemoth in online mental health and became a prominent face of the fast-growing industry, is fighting for his job.
Major investors with board seats overseeing Cerebral, which is the subject of a federal investigation into its prescribing practices, are planning to remove Robertson from the board and replace him as chief executive officer, according to people familiar with the matter. That move could come as early as Wednesday, said one of the people, all of whom requested anonymity discussing the potential ouster.
