Prince Harryis stepping down from his high-profile position at Silicon Valley mental health company BetterUp after five years, following his move back to the UK with wife Meghan Markle.
The Duke of Sussex, 42, has served as the company’s chief impact officer since 2021 but will now take on a less demanding role as senior advisor, BetterUp CEO Alexi Robichaux confirmed in a statement posted by the company on November 6.
According to the Daily Mail, Harry’s previous position was reportedly worth around $1 million a year, although the company has not publicly disclosed his salary or what he will earn in his new role.
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In a statement announcing the change, Robichaux explained that Harry would continue working with some of the company’s biggest corporate clients while having more time to explore other opportunities.
“In this new capacity, he will focus on key projects with some of our largest enterprise customers, working alongside our team and the leaders we partner with,” Robichaux said.
“The move also gives him more time to grow his portfolio of investments, pursue new business opportunities, and continue his support of philanthropic causes close to his heart.”
Per People, Harry joined the San Francisco-based company in March 2021, shortly after he and Meghan, 45, stepped back from their duties as senior working members of the royal family and relocated to California.
As chief impact officer, he helped promote mental health awareness, coaching initiatives and the company’s charitable partnerships.
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The announcement comes less than three months after Harry and Meghan returned to the U.K. with their two children, Prince Archie, 7, and Princess Lilibet, 5, after spending several years living in Montecito, California.
Despite Harry’s change in position, BetterUp confirmed that its partnership with the Invictus Games Foundation, which he founded to support wounded and injured military personnel, will continue.
Robichaux also thanked Harry for his contributions over the past five years, adding, “I’m glad we get to keep doing this work together in this new capacity.”