Eventbrite Announces Chief Operating Officer Lanny Baker to Depart Company
Eventbrite (NYSE: EB) announced that Chief Operating Officer Lanny Baker will leave the company on December 31, 2024, to pursue a senior executive position elsewhere. Baker, who joined as CFO in 2019 and became COO in 2024, played a important role in strengthening the company's financial foundation. The company has initiated a search for his successor and reaffirmed its previously announced financial outlook for Q4 and full-year 2024.
Baker will work with the executive leadership team to transition his responsibilities. During 2023, Eventbrite distributed over 300 million tickets for more than 5 million events globally, serving event creators and attendees in nearly 180 countries.
Eventbrite (NYSE: EB) ha annunciato che il Chief Operating Officer Lanny Baker lascerà l'azienda il 31 dicembre 2024 per perseguire una posizione esecutiva di alto livello altrove. Baker, che è entrato come CFO nel 2019 e diventato COO nel 2024, ha svolto un ruolo importante nel rafforzare le fondamenta finanziarie dell'azienda. L'azienda ha avviato una ricerca per il suo successore e ha riaffermato le sue previsioni finanziarie precedentemente annunciate per il quarto trimestre e per l'intero anno 2024.
Baker lavorerà con il team di leadership esecutiva per passare le sue responsabilità. Nel 2023, Eventbrite ha distribuito oltre 300 milioni di biglietti per più di 5 milioni di eventi a livello globale, servendo i creatori di eventi e i partecipanti in quasi 180 paesi.
Eventbrite (NYSE: EB) anunció que el Director de Operaciones Lanny Baker dejará la empresa el 31 de diciembre de 2024 para buscar un puesto ejecutivo superior en otro lugar. Baker, quien se unió como CFO en 2019 y se convirtió en COO en 2024, desempeñó un papel importante en el fortalecimiento de la base financiera de la empresa. La compañía ha iniciado la búsqueda de su sucesor y ha reafirmado su pronóstico financiero previamente anunciado para el cuarto trimestre y el año completo 2024.
Baker trabajará con el equipo de liderazgo ejecutivo para hacer la transición de sus responsabilidades. Durante 2023, Eventbrite distribuyó más de 300 millones de boletos para más de 5 millones de eventos a nivel mundial, atendiendo a creadores de eventos y asistentes en casi 180 países.
이벤트브라이트 (NYSE: EB)는 최고 운영 책임자 랜니 베이커가 다른 곳에서 고위 경영직을 맡기 위해 2024년 12월 31일에 회사를 떠날 것이라고 발표했습니다. 2019년 CFO로 합류하고 2024년 COO가 된 베이커는 회사의 재정 기반을 강화하는 데 중요한 역할을 했습니다. 회사는 그의 후임자를 찾기 위한 검색을 시작했으며 2024년 4분기 및 연간 재정 전망을 재확인했습니다.
베이커는 그의 책임을 전환하기 위해 경영진 리더십 팀과 함께 일할 것입니다. 2023년 동안 이벤트브라이트는 전 세계 180개국에서 이벤트 제작자와 참석자에게 500만 개 이상의 이벤트에 대한 3억 개 이상의 티켓을 배포했습니다.
Eventbrite (NYSE: EB) a annoncé que le directeur des opérations Lanny Baker quittera la société le 31 décembre 2024 pour poursuivre un poste de cadre supérieur ailleurs. Baker, qui a rejoint l'entreprise en tant que CFO en 2019 et est devenu COO en 2024, a joué un rôle important dans le renforcement de la base financière de la société. L'entreprise a lancé une recherche pour son successeur et a réaffirmé ses prévisions financières précédemment annoncées pour le quatrième trimestre et l'année complète 2024.
Baker travaillera avec l'équipe de direction exécutive pour transférer ses responsabilités. En 2023, Eventbrite a distribué plus de 300 millions de billets pour plus de 5 millions d'événements à travers le monde, servant les créateurs d'événements et les participants dans près de 180 pays.
Eventbrite (NYSE: EB) gab bekannt, dass der Chief Operating Officer Lanny Baker das Unternehmen am 31. Dezember 2024 verlassen wird, um eine höhere Führungskraft in einem anderen Unternehmen anzunehmen. Baker, der 2019 als CFO in das Unternehmen eintrat und 2024 COO wurde, spielte eine wichtige Rolle bei der Stärkung der finanziellen Basis des Unternehmens. Das Unternehmen hat eine Suche nach seinem Nachfolger eingeleitet und die zuvor angekündigte Finanzprognose für das vierte Quartal und das Gesamtjahr 2024 bekräftigt.
Baker wird mit dem Führungsteam zusammenarbeiten, um seine Verantwortlichkeiten zu übergeben. Im Jahr 2023 verteilte Eventbrite über 300 Millionen Tickets für mehr als 5 Millionen Veranstaltungen weltweit und bediente Veranstalter und Teilnehmer in fast 180 Ländern.
- Company reaffirmed Q4 and FY2024 financial outlook
- Demonstrated strong market presence with 300 million tickets distributed for 5 million events in 2023
- Operating in nearly 180 countries showing robust global reach
- Departure of key executive (COO) who was instrumental in financial operations
- Potential operational disruption during leadership transition
Insights
The departure of a COO, particularly one who previously served as CFO for several years, typically warrants close attention. However, several factors mitigate potential market concerns. First, the extended transition period through December 2024 allows for a well-planned handover of responsibilities. Second, the company's explicit reaffirmation of its Q4 and FY2024 financial outlook suggests operational stability. The marketplace shows strong fundamentals with over 300 million tickets distributed across 5 million events in 2023, indicating robust platform activity. Baker's tenure helped establish solid operational frameworks and the pre-announced departure with a clear succession plan demonstrates good corporate governance. The impact on day-to-day operations should be minimal given the year-long transition window.
Company Affirms Fourth Quarter and Fiscal Year 2024 Financial Outlook
Baker, who was appointed COO in 2024, joined Eventbrite as Chief Financial Officer in 2019 and was instrumental in setting a strong financial foundation during his tenure. Baker will work closely with Eventbrite’s executive leadership team to transition his responsibilities, and the company has initiated a search to find his successor.
“I want to express my deep gratitude to Lanny for his 5-year partnership and significant role in strengthening our financial foundation and marketplace transformation,” said Julia Hartz, Co-Founder, Chief Executive Officer, and Executive Chair. “He's built an exceptional finance and operations team that will help us achieve our vision of becoming the go-to marketplace for live experiences. His contributions have set us up for future success, and I wish him the very best in his next endeavor.”
“I am grateful to have had the opportunity to work with Julia and the entire team to build Eventbrite into a global leader in the live events space,” said Lanny Baker, Chief Operating Officer. “I’m confident in the future that lies ahead for Eventbrite as the team takes the successes we've achieved together and builds on them to transform the business into a live experiences marketplace.”
In conjunction with today’s announcement, the company also reaffirmed its financial outlook for the fourth quarter and full year of 2024, which was previously announced on November 7, 2024.
About Eventbrite
Eventbrite is a global events marketplace that serves event creators and event-goers in nearly 180 countries. Since its inception, Eventbrite has been at the center of the experience economy, transforming how people organize and attend events. The company was founded by Julia Hartz, Kevin Hartz and Renaud Visage, with a vision to build a self-service platform that would make it possible for anyone to create and sell tickets to live experiences. With over 300 million tickets distributed for over 5 million events in 2023, Eventbrite is where people worldwide discover new things to do or new ways to do more of what they love. Eventbrite has also earned industry recognition as a top employer with special designations that include a coveted spot on Fast Company’s prestigious The World’s 50 Most Innovative Companies and Fast Company’s Brands That Matter lists, the Great Place to Work® Award in the
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, statements regarding the future performance of Eventbrite, Inc. and its consolidated subsidiaries (the “Company”); and the Company’s financial outlook. In some cases, forward-looking statements can be identified by terms such as “may,” “will,” “appears,” “shall,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these words or other similar terms or expressions that concern the Company’s expectations, strategy, plans, or intentions. Such statements are subject to a number of known and unknown risks, uncertainties, assumptions, and other factors that may cause the Company’s actual results, performance, or achievements to differ materially from results expressed or implied in this press release, including those more fully described in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Investors are cautioned not to place undue reliance on these statements. Actual results could differ materially from those expressed or implied. All forward-looking statements are based on information and estimates available to the Company at the time of this release, and are not guarantees of future performance. Except as required by law, the Company assumes no obligation to update any of the statements in this press release.
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Eventbrite Investor Relations
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Eventbrite Press
press@eventbrite.com
Source: Eventbrite
FAQ
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