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Domo Welcomes Jay Brown, Visionary Executive and Entrepreneur, to its Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Domo announced the addition of Jay Brown to its board of directors effective October 22, 2021. Brown, a co-founder of Roc Nation and vice chairman, brings over 25 years of experience in building multibillion-dollar brands. He also co-founded Marcy Venture Partners in 2019, focusing on companies with positive values. Brown replaces Mark Gorenberg, who served on the board for a decade. CEO Josh James expressed enthusiasm for Brown's expertise in scaling businesses and enhancing customer experience, which could be pivotal for Domo's growth.
Positive
Jay Brown's extensive experience in building brands can provide fresh perspectives for Domo.
His connections and expertise may help in scaling Domo's business and customer engagement.
Negative
Transitioning from Gorenberg, a long-term board member, may present continuity challenges.
SILICON SLOPES, Utah--(BUSINESS WIRE)--
Domo (Nasdaq: DOMO) announced that Jay Brown has joined its board of directors effective October 22, 2021.
Mr. Brown is a visionary entrepreneur and business leader who co-founded Roc Nation, a full-service entertainment business, in 2008 and today serves as vice chairman, continuing the brand’s expansion. With more than 25 years of experience, Jay has been and continues to be responsible for building multibillion dollar brands.
In March 2019, he co-founded Marcy Venture Partners, a venture capital firm investing in companies that embrace positive values, including sustainability, empowerment, inclusivity, accessibility, convenience, health & wellness and personal expression.
He serves on several boards, lending his expertise to organizations such as the Hammer Museum, Global Citizen and CLF – a philanthropic endeavor to improve the quality of life for impoverished communities globally. Mr. Brown takes the seat of Mark Gorenberg, who has served on Domo’s board for the past decade.
“As B2B technology delivers a more consumer-like experience, there are many lessons to share from the practice of building strong mass market brands,” said Jay Brown. “Domo has the brand values, a highly engaged customer base, and an outstanding product to help propel it to the next level. I am looking forward to putting my experience to work to help Josh and Domo’s management team in their next chapter of growth.”
Domo founder and CEO Josh James said, “I’ve known Jay for many years and am thrilled to welcome him to our board. As we look to scale our business and continue to leverage the equity we’ve built in the customer experience, Jay’s connections, brand expertise, and guidance will be immensely useful in supporting our business.”
James noted, “Mark has been an incredible mentor and advisor to me and my companies for more than two decades and I am ever so grateful for his service. I will miss his regular presence and will continue to call on him in an unofficial capacity.”
About Domo
Domo (Nasdaq: DOMO) is the Business Cloud, transforming the way business is managed by delivering Modern BI for All™. With Domo, critical processes that took weeks, months or more can now be done on-the-fly, in minutes or seconds, at unbelievable scale. For more information, visit www.domo.com. You can also follow Domo on Twitter, Facebook and LinkedIn.
Domo, Domo Business Cloud and Domo is the Business Cloud are registered trademarks of Domo, Inc.
Who is Jay Brown and what is his background related to Domo?
Jay Brown is a new board member at Domo, effective October 22, 2021, with over 25 years in building multibillion-dollar brands, notably as co-founder of Roc Nation.
What impact might Jay Brown have on Domo's business?
Brown's experience in brand building and market expansion could enhance Domo's growth strategies and customer engagement.
Why did Mark Gorenberg leave Domo's board?
Mark Gorenberg, who has served for a decade, was replaced by Jay Brown, indicating a shift in board composition.
