Cardlytics Appoints Microsoft Cloud Chief Financial Officer Chris Suh to Board of Directors

Rhea-AI Summary

Cardlytics (NASDAQ: CDLX) announced the appointment of Chris Suh, former CFO of Microsoft's Cloud+ AI Group, to its Board of Directors and Audit Committee. With 25 years at Microsoft, Suh brings valuable experience in scaling digital platforms and enhancing user experience. His expertise in financial operations and cloud business is expected to support Cardlytics' transition to recurring revenue models. CEO Lynne Laube emphasized Suh's potential contributions to the company's growth strategy and AI applications.

Positive

• Appointment of Chris Suh to the Board of Directors, bringing extensive experience from Microsoft.
• Suh's background in cloud business and AI aligns with Cardlytics' strategic objectives.
• Board members anticipate fresh perspectives that could drive long-term growth.

Negative

• None.

ATLANTA, Sept. 28, 2021 (GLOBE NEWSWIRE) -- Cardlytics (NASDAQ: CDLX), a digital advertising platform, today announced the appointment of Chris Suh, corporate vice president and CFO, Cloud+ AI Group at Microsoft, to its Board of Directors and Audit Committee.

Mr. Suh is a 25-year veteran at Microsoft. He was appointed to his current position as CFO of Microsoft’s strategically important Cloud+ AI business in 2018. Prior to that, he has held a number of leadership positions throughout the organization in investor relations, sales and marketing, FP&A and internal audit. Prior to joining Microsoft, Suh began his career as a CPA at PricewaterhouseCoopers.

“Chris brings a wealth of highly relevant experience to the Cardlytics Board,” said Lynne Laube, CEO and co-founder of Cardlytics. “He deeply understands the journey we are on to scale our platform, enhance our user experience, and apply AI to enable self-service. Chris will also be a great thought partner as we expand our cloud business and move to recurring revenue pricing models.”

“All of our Directors are excited by what Chris will bring to Cardlytics. We continue to shape our Board to make sure we have the skills and experience that align with what’s most critical to drive long-term growth,” said Scott Grimes, Executive Chairman and co-founder.

About Cardlytics
Cardlytics (NASDAQ: CDLX) is a digital advertising platform. We partner with financial institutions to run their banking rewards programs that promote customer loyalty and deepen banking relationships. In turn, we have a secure view into 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 London, New York, Los Angeles, San Francisco, Austin and Visakhapatnam. In March 2021, we acquired Dosh, a transaction-based advertising platform and in May 2021 we acquired Bridg, a customer data platform. Learn more at www.cardlytics.com.

PR Contact:
Angie Amberg
aamberg@cardlytics.com

FAQ

What is the significance of Chris Suh's appointment to Cardlytics' Board?

Chris Suh's appointment is significant as he brings over 25 years of experience from Microsoft, particularly in areas critical for Cardlytics' growth, such as cloud business and AI.

How might Chris Suh influence Cardlytics' business strategy?

Suh is expected to provide insights that enhance Cardlytics' scalability, user experience, and transition to recurring revenue models.