Digital Turbine Announces the Appointment of Holly Hess Groos to its Board of Directors

Rhea-AI Summary

Digital Turbine (Nasdaq: APPS) has appointed Holly Hess Groos to its Board of Directors, effective May 4, 2021. Groos brings extensive experience in telecommunications and digital media, having held senior strategic roles at Verizon and served as CFO for Verizon Wireless. Her expertise includes financial operations and audit functions. Chairman Rob Deutschman noted that Groos's leadership and operational experience will aid in the company's growth strategy. Digital Turbine focuses on simplifying content discovery and has partnered with over 40 mobile operators globally.

Positive

• Holly Hess Groos's extensive background in telecommunications and finance may strengthen Digital Turbine's strategic vision.
• Her leadership skills and operational expertise are expected to enhance the company's execution of growth strategies.

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• None.

AUSTIN, Texas, May 5, 2021 /PRNewswire/ -- Digital Turbine, Inc. (Nasdaq: APPS) today announced the appointment of Holly Hess Groos to the Digital Turbine Board of Directors, effective May 4, 2021. Ms. Groos will serve as a member of the Audit Committee of the Board.

"We are excited to welcome Holly as our newest independent director," said Rob Deutschman, Chairman of Digital Turbine.  "Holly brings a wealth of highly relevant experience in the telecommunications and digital media industries, as well as considerable financial and audit-related expertise, that will be invaluable in helping Digital Turbine formulate, and execute on, its future growth strategy. Her proven leadership skills and operational experience will complement our current Board members and serve as a real asset to the Company as it looks to capitalize on the significant market opportunity in front of it."

Ms. Groos currently serves as an external advisor for the Performance Improvement and Telecommunications practice of Bain & Company, and she has served in that position since April 2020. Prior to joining Bain & Company, Ms. Groos held a variety of senior strategic roles at Verizon, Verizon Media and Verizon Wireless.  At Verizon, she was most recently responsible for managing a team of 125 while leading a $10 billion four-year Business Excellence cash cost reduction initiative by promoting increased budgetary discipline and efficiency. Previously, while at Verizon Media, Ms. Groos was responsible for the oversight of all financial functions, corporate strategy and corporate development.  Prior to this role, she was Head of Internal Audit for Verizon, where she implemented robust governance processes and strict financial controls. Prior to her roles at Verizon Media, Ms. Groos displayed executive leadership capacities while serving as the Chief Financial Officer for Verizon Wireless.    

"I am honored and inspired to be joining the Board at Digital Turbine," said Holly Hess Groos. "I'm intimately appreciative of the Company's unique platform offering, recent execution, and global market opportunity. I intend to leverage my own relevant skills and experience while working collaboratively with the Board and management team to help ensure continued execution and to help shape the evolving growth story at Digital Turbine."

Holly Hess Groos Background 

Ms. Groos currently serves as an external advisor for the Performance Improvement and Telecommunications practice of Bain & Company, and has served in that position since April 2020.  From 1990 to March 2020, Ms. Groos served in senior financial roles within Verizon, including Senior Vice President of Business Excellence and Zero Based Budgeting of Verizon from 2018 to March 2020, Senior Vice President and Chief Financial Officer of Verizon Media (AOL and Yahoo!) from 2015 to 2018, Senior Vice President and Chief Financial Officer of Verizon Wireless from 2013 to 2015, and Senior Vice President positions as head of Operational Excellence, head of Internal Audit and Treasurer.

About Digital Turbine, Inc.

Digital Turbine simplifies content discovery and delivers relevant content directly to consumer devices. The Company's on-demand media platform powers frictionless app and content discovery, user acquisition and engagement, operational efficiency and monetization opportunities. Digital Turbine's technology platform has been adopted by more than 40 mobile operators and OEMs worldwide, and has delivered more than three billion app preloads for tens of thousands of advertising campaigns. The Company is headquartered in Austin, Texas, with global offices in Arlington, Durham, Mumbai, San Francisco, Singapore and Tel Aviv. For additional information visit www.digitalturbine.com.

Follow Digital Turbine:
Twitter: https://twitter.com/DigitalTurbine  
Facebook: https://www.facebook.com/DigitalTurbineInc 
LinkedIn: https://www.linkedin.com/company/digital-turbine   

Investor Relations Contacts:

Brian Bartholomew
Digital Turbine
brian.bartholomew@digitalturbine.com

 

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SOURCE Digital Turbine, Inc.

FAQ

What is the significance of Holly Hess Groos's appointment to Digital Turbine's board?

Holly Hess Groos's appointment brings valuable experience in telecommunications and finance, which could strengthen Digital Turbine's strategic direction.

When was Holly Hess Groos appointed to the Digital Turbine Board of Directors?

Holly Hess Groos was appointed on May 4, 2021.

What roles did Holly Hess Groos hold at Verizon?

Holly Hess Groos held various senior positions at Verizon, including CFO of Verizon Wireless and Senior Vice President of Business Excellence.

How might Groos's experience benefit Digital Turbine?

Groos's experience in managing large teams and implementing financial controls may enhance Digital Turbine's operational efficiency and growth strategies.