Technology Innovator Mario Schlosser Joins Duolingo Board of Directors

Rhea-AI Summary

Duolingo (Nasdaq: DUOL) has appointed Mario Schlosser, co-founder and Chief Technology Officer of Oscar Health, to its Board of Directors. Schlosser brings a wealth of experience from his roles at Oscar Health, Bridgewater Associates, and McKinsey & Company. His expertise in AI and consumer technology, along with his leadership in growing Oscar Health to over a million members, makes him a significant asset for Duolingo. Schlosser’s academic credentials include a computer science degree from the University of Hannover and an MBA from Harvard Business School. This strategic board addition aims to leverage Schlosser's technology and AI background to further Duolingo’s mission of providing top-tier, accessible education worldwide.

Positive

• Appointment of an experienced tech executive with a strong background in AI and consumer technology.
• Mario Schlosser's leadership at Oscar Health, growing the company to over one million members.
• Schlosser's diverse experience, including roles at Bridgewater Associates and McKinsey & Company.
• Schlosser's academic accolades in computer science and business, enhancing Duolingo's tech-driven educational mission.

Negative

• Potential concerns about Schlosser's ability to commit time effectively given his ongoing role at Oscar Health and other board positions.

PITTSBURGH, June 26, 2024 (GLOBE NEWSWIRE) -- Duolingo, Inc. (Nasdaq: DUOL), the world's leading mobile learning platform, announced today that it has appointed Mario Schlosser as an independent board member.

Mr. Schlosser is a seasoned technology executive and entrepreneur with a background in consumer technology. He is the co-founder of Oscar Health, a healthcare technology company, where he currently serves as Chief Technology Officer leading product and engineering. From 2012-2023, Mario served as CEO of Oscar and led the company from its inception to serving over one million members. Prior to Oscar, he co-founded Latin America's largest social gaming company and worked at Bridgewater Associates and McKinsey & Company.

He currently sits on the Board of Directors of Oscar Health, the Fraunhofer Institute of Applied Information Technology, Tech:NYC, and the Guiding Council of One Mind At Work.

"Mario's background as a founder of a consumer tech company, his foundations in computer science, and his experience pioneering AI innovation make him a great addition to our board of directors,” said Luis von Ahn, co-founder and CEO of Duolingo. “Mario’s leadership experience and international perspective will help Duolingo on our mission to develop the best education in the world and make it universally available.”

“I love the Duolingo product and the potential for technology in education,” said Mario Schlosser. “I have always been passionate about language and gaming, and am thrilled to contribute as a board member and a power user."

Mario holds a degree in computer science with highest distinction from the University of Hannover in Germany and an MBA from Harvard Business School. He has written and co-authored ten computer science publications, including one of the most-cited computer science papers published in the past decade, in which he developed the EigenTrust Algorithm to securely compute trust in randomized networks. This work earned the prestigious Seoul Test of Time Award from the International World Wide Web Conference Committee.

About Duolingo
Duolingo is the leading mobile learning platform globally. Its flagship app has organically become the world's most popular way to learn languages and the top-grossing app in the Education category on both Google Play and the Apple App Store. With technology at the core of everything it does, Duolingo has consistently invested to provide learners a fun, engaging, and effective learning experience while remaining committed to its mission to develop the best education in the world and make it universally available.

Contact Information

Investors:
Deborah Belevan, IRC, CPA
ir@duolingo.com

Media:
Sam Dalsimer
press@duolingo.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ce25d98-3454-422c-8c80-691d25b24a91

FAQ

Who is the new board member at Duolingo as of June 26, 2024?

Mario Schlosser has been appointed as an independent board member at Duolingo.

What is Mario Schlosser's current role at Oscar Health?

Mario Schlosser is the Chief Technology Officer at Oscar Health.

What are Mario Schlosser's qualifications?

Mario Schlosser holds a degree in computer science from the University of Hannover and an MBA from Harvard Business School. He has co-authored ten computer science publications.

How will Mario Schlosser's appointment impact Duolingo (DUOL)?

Schlosser's expertise in AI and consumer technology is expected to support Duolingo's mission of providing high-quality, accessible education.

What is Mario Schlosser's previous experience before joining Duolingo's Board?

Schlosser co-founded Oscar Health and served as its CEO, in addition to working at Bridgewater Associates and McKinsey & Company.

Why did Duolingo appoint Mario Schlosser to its Board of Directors?

Duolingo appointed Schlosser for his extensive experience in AI, technology, and leadership, aligning with the company's goal of leveraging technology for educational advancement.