Endeavor Appoints Jacqueline Reses to Board of Directors

Rhea-AI Summary

Endeavor Group Holdings, Inc. (NYSE: EDR) has appointed Jacqueline Reses to its Board of Directors. Reses, a seasoned technology executive, brings significant experience with public companies, including her roles at Square and Yahoo. She currently leads Post House Capital, focusing on consumer and financial technology. CEO Ariel Emanuel expressed confidence that Reses' expertise in corporate finance and technology will be valuable for Endeavor's growth strategies. Reses aims to leverage Endeavor's diverse portfolio to enhance its position in the sports and entertainment sectors.

Positive

• Jacqueline Reses brings extensive experience in technology and public company governance.
• Her leadership skills are expected to drive innovation and culture at Endeavor.
• Reses aims to enhance Endeavor's growth strategies across sports and entertainment.

Negative

• Concerns about potential gaps in continuity and experience with the new board member.

Endeavor Group Holdings, Inc. (NYSE: EDR), a global entertainment, sports and content company, today announced the appointment of Jacqueline Reses to its Board of Directors. Reses is a seasoned technology executive with extensive public company board experience.

Reses currently serves as the Chief Executive Officer of Post House Capital LLC, a private investment firm focused on consumer and financial technology. She previously served as Executive Chair of Square Financial Services LLC and Capital Lead at Square, Inc., a publicly traded financial services company which provides payments, point of sale, and cash flow management services to small businesses and consumers. Prior to joining Square in 2015, Reses was the Chief Development Officer for technology company Yahoo, Inc. While at Yahoo, she also served on the Board of Directors of Alibaba Group, China’s largest online and mobile commerce company, co-chairing the audit and compensation committees. Before joining Yahoo in 2012, Reses led the U.S. media group at Apax Partners, a global private equity firm, for eleven years. She also spent seven years at Goldman Sachs in mergers and acquisitions and the principal investment area.

Reses serves on the boards of Affirm Holdings, Inc., Pershing Square Tontine Holdings, Ltd. and TaskUs, Inc., as well as ContextLogic Inc., where she serves as Executive Chair. She is also Chair of the Economic Advisory Council of the Federal Reserve Bank of San Francisco and sits on the Wharton School Board of Advisors. Reses received a bachelor’s degree in economics with honors from the Wharton School of the University of Pennsylvania.

“We’re honored to welcome Jackie to our Board of Directors,” remarked Ariel Emanuel, CEO, Endeavor. “Her leadership across corporate finance and enterprise technology combined with her innate talent for driving innovation and cultivating culture will be incredibly valuable to Endeavor as we continue charting our future as a public company.”

“It’s great to join Endeavor’s board at this pivotal time,” remarked Reses. “I’m looking forward to partnering with Endeavor’s leadership to develop strategies that fully leverage the power of its diverse portfolio and help propel its continued growth across the sports and entertainment landscape.”

Reses joins a Board of Directors that includes Emanuel, Endeavor Executive Chairman Patrick Whitesell, Silver Lake Co-CEO Egon Durban, Silver Lake Managing Director Stephan Evans, Uncle Nearest Inc. CEO Fawn Weaver, Tesla CEO Elon Musk, and former Xerox Corporation and VEON Ltd. Chair and CEO Ursula Burns.

About Endeavor

Endeavor is a global entertainment, sports and content company, home to many of the world’s most dynamic and engaging storytellers, brands, live events and experiences. The company is comprised of industry leaders including entertainment agency WME; sports, fashion, events and media company IMG; and premier mixed martial arts organization UFC. The Endeavor network specializes in talent representation, sports operations & advisory, event & experiences management, media production & distribution, experiential marketing and brand licensing.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210818005711/en/

FAQ

What is the significance of Jacqueline Reses joining Endeavor’s Board of Directors?

Jacqueline Reses’ appointment is significant as she brings extensive experience in technology and public company governance, which may help Endeavor innovate and grow.

What roles has Jacqueline Reses held prior to joining Endeavor’s Board?

Prior to her appointment, Reses served as CEO of Post House Capital, Executive Chair at Square Financial Services, and Chief Development Officer at Yahoo.

How might Jacqueline Reses impact Endeavor Group Holdings, Inc. (EDR)?

Her background in corporate finance and technology is expected to positively influence Endeavor's strategic growth in the entertainment and sports sectors.