Cardlytics Appoints Amit Gupta as CEO
Cardlytics, Inc. (NASDAQ: CDLX) has announced a significant leadership change. Amit Gupta, currently Chief Operating Officer and General Manager of Bridg, will become the new Chief Executive Officer effective August 16, 2024. He will also join the company's Board of Directors. Gupta replaces Karim Temsamani, who is stepping down to pursue another opportunity.
Gupta, who joined Cardlytics in January 2023, has been instrumental in setting the course for the company's transformation and long-term growth plans. With his extensive product and technology experience, he is expected to lead Cardlytics in its next growth phase, focusing on modernizing the tech platform and executing the revenue diversification strategy with Bridg.
Cardlytics, Inc. (NASDAQ: CDLX) ha annunciato un importante cambiamento nella leadership. Amit Gupta, attualmente Chief Operating Officer e General Manager di Bridg, diventerà il nuovo Chief Executive Officer a partire dal 16 agosto 2024. Entrerà anche a far parte del Consiglio di Amministrazione dell'azienda. Gupta sostituisce Karim Temsamani, che si dimette per perseguire un'altra opportunità.
Gupta, che è entrato in Cardlytics nel gennaio 2023, è stato determinante nel tracciamento del percorso per la trasformazione dell'azienda e i piani di crescita a lungo termine. Con la sua ampia esperienza nei prodotti e nella tecnologia, si prevede che guiderà Cardlytics nella sua prossima fase di crescita, concentrandosi sulla modernizzazione della piattaforma tecnologica ed eseguendo la strategia di diversificazione dei ricavi con Bridg.
Cardlytics, Inc. (NASDAQ: CDLX) ha anunciado un cambio significativo en el liderazgo. Amit Gupta, actualmente Chief Operating Officer y Gerente General de Bridg, se convertirá en el nuevo Chief Executive Officer a partir del 16 de agosto de 2024. También se unirá a la Junta Directiva de la compañía. Gupta reemplaza a Karim Temsamani, quien deja su puesto para seguir otra oportunidad.
Gupta, quien se unió a Cardlytics en enero de 2023, ha sido fundamental en el establecimiento del rumbo para la transformación de la empresa y los planes de crecimiento a largo plazo. Con su amplia experiencia en productos y tecnología, se espera que lidere a Cardlytics en su próxima fase de crecimiento, centrándose en modernizar la plataforma tecnológica y ejecutar la estrategia de diversificación de ingresos con Bridg.
Cardlytics, Inc. (NASDAQ: CDLX)는 중요한 리더십 변화를 발표했습니다. Amit Gupta는 현재 Bridg의 최고 운영 책임자와 총괄 매니저로, 2024년 8월 16일부터 새로운 CEO가 될 것입니다. 그는 회사의 이사회에도 합류할 예정입니다. Gupta는 다른 기회를 추구하기 위해 물러나는 Karim Temsamani의 후임입니다.
2023년 1월 Cardlytics에 합류한 Gupta는 회사의 변혁과 장기 성장 계획 설정에 중요한 역할을 했습니다. 그는 폭넓은 제품 및 기술 경험을 바탕으로 Cardlytics의 다음 성장 단계에서 기술 플랫폼 현대화 및 Bridg와의 수익 다각화 전략 실행에 집중할 것으로 기대됩니다.
Cardlytics, Inc. (NASDAQ: CDLX) a annoncé un changement important dans sa direction. Amit Gupta, actuellement directeur des opérations et directeur général de Bridg, deviendra le nouveau directeur général à compter du 16 août 2024. Il rejoindra également le conseil d'administration de la société. Gupta remplace Karim Temsamani, qui démissionne pour poursuivre une autre opportunité.
Gupta, qui a rejoint Cardlytics en janvier 2023, a joué un rôle clé dans l'établissement de la trajectoire de transformation de l'entreprise et de ses plans de croissance à long terme. Avec sa vaste expérience en produits et en technologie, il est prévu qu'il dirige Cardlytics dans sa prochaine phase de croissance, en se concentrant sur la modernisation de la plateforme technologique et l'exécution de la stratégie de diversification des revenus avec Bridg.
Cardlytics, Inc. (NASDAQ: CDLX) hat einen bedeutenden Führungswechsel angekündigt. Amit Gupta, derzeit Chief Operating Officer und General Manager von Bridg, wird ab dem 16. August 2024 neuer Chief Executive Officer. Er wird zudem in den Vorstand des Unternehmens eintreten. Gupta ersetzt Karim Temsamani, der zurücktritt, um eine andere Möglichkeit zu verfolgen.
Gupta, der im Januar 2023 zu Cardlytics kam, war maßgeblich daran beteiligt, die Richtung für die Transformation des Unternehmens und die langfristigen Wachstumspläne festzulegen. Mit seiner umfangreichen Erfahrung in Produkt und Technologie wird erwartet, dass er Cardlytics in die nächste Wachstumsphase führt, indem er sich auf die Modernisierung der Technologieplattform und die Umsetzung der Umsatzdiversifizierungsstrategie mit Bridg konzentriert.
- Appointment of Amit Gupta as CEO, bringing deep product and technology experience
- Gupta's familiarity with the company's transformation and growth plans
- Focus on modernizing tech platform and revenue diversification strategy
- Departure of current CEO Karim Temsamani, potentially disrupting continuity
- Leadership transition may cause short-term uncertainty
ATLANTA, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Cardlytics, Inc. (NASDAQ: CDLX), a digital advertising platform, today announced that the Board of Directors has appointed Amit Gupta, Chief Operating Officer and General Manager of Bridg, as its next Chief Executive Officer of Cardlytics, effective August 16, 2024. He will also join the Cardlytics Board of Directors on that date. Mr. Gupta will succeed Karim Temsamani, who is stepping down as Chief Executive Officer and from the Board of Directors to pursue another professional opportunity.
“Amit is the right person to lead Cardlytics in its next stage of growth,” said Jack Klinck, Chair of the Cardlytics Board. “For the last year and a half, Amit has worked closely with Karim and the rest of the leadership team to set the course for our transformation and long-term growth plans. With his deep product and technology experience and industry relationships, Amit is the natural choice to be our next CEO.”
“I am incredibly energized about the opportunity to lead Cardlytics at this inflection point,” commented Gupta. “Since I joined Cardlytics, we have laid a strong engineering and data-driven foundation to scale the company. We have the right team and long-term strategy to modernize and evolve our tech platform and to execute on our revenue diversification strategy with Bridg. I have full confidence in our ability to build on our market-leading position and deliver significant value to our stakeholders. I’d like to thank Karim for his contributions and we wish him the best in his future endeavors.”
“I am proud of what we have accomplished as a team over the last two years,” said Temsamani. “We solved many of the financial and legal challenges facing the company while also modernizing our tech stack and investing in new business opportunities. I look forward to rooting for Amit and the team as he furthers the significant progress we have made together.”
Amit Gupta joined Cardlytics in January 2023 as COO, and additionally served as the General Manager of Bridg, leading the team to bring the new retail media product to market. Before joining Cardlytics, he served as Head of Strategy and Operations for Global Partnerships at Stripe. Prior to that, Gupta worked for four years at Google, including as Director of Strategy, New Products and Operations for Google’s Geo division. Gupta has also founded and served as the CEO of a series of startups. He began his career in the tech practice at Booz Allen Hamilton, where he was made partner. He holds a B.S. in Electrical Engineering from The Ohio State University and an M.B.A. from the NYU Stern School of Business.
About Cardlytics
Cardlytics (NASDAQ: CDLX) is a digital advertising platform. We partner with financial institutions to run their rewards programs that promote customer loyalty and deepen relationships. In turn, we have a secure view into approximately 1 in every 2 card-based transactions in the U.S., allowing us to see where and when consumers are spending their money. We use these insights to help marketers identify, reach, and influence likely buyers at scale, as well as measure the true sales impact of marketing campaigns. Headquartered in Atlanta, Cardlytics has offices in Menlo Park, Los Angeles, New York, and London. Learn more at www.cardlytics.com.
Cautionary Language Concerning Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements related to our executive transition plans, our revenue diversification strategy and our ability to expand our market position and deliver significant value to cardholders. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as "expect," "anticipate," "should," "believe," "hope," "target," "project," "goals," "estimate," "potential," "predict," "may," "will," "might," "could," "intend," or variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control.
Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to the risks detailed in the “Risk Factors” section of our Form 10-Q filed with the Securities and Exchange Commission on May 8, 2024 and in subsequent periodic reports that we file with the Securities and Exchange Commission. Past performance is not necessarily indicative of future results.
The forward-looking statements included in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. We undertake no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release.
Contacts:
Public Relations:
pr@cardlytics.com
Investor Relations:
ir@cardlytics.com
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