Instructure Names Chris Ball as President and Chief Operating Officer

Rhea-AI Summary

Instructure has appointed Chris Ball as its new President and Chief Operating Officer, effective January 9, 2023. He will lead the company's go-to-market strategy, marketing, sales, and customer experience, focusing on accelerating growth and enhancing efficiency. Ball brings 28 years of experience, most recently at Adobe, where he contributed to over $12.5B in annual revenues. The current Chief Revenue Officer, Frank Maylett, plans to step down although a departure date is yet to be announced. This leadership change aims to strengthen Instructure's position in the education technology sector.

Positive

• Appointment of Chris Ball as President and COO, bringing extensive experience from Adobe and SAP.
• Focus on enhancing growth and improving customer experience is expected to benefit the company.
• Leadership change may strengthen Instructure's market position in the education technology sector.

Negative

• Chief Revenue Officer Frank Maylett's impending departure may create uncertainty in leadership.

Former GM of Adobe's commercial business will focus on accelerating global growth, improving efficiency and delivering excellent customer experience

SALT LAKE CITY, Jan. 10, 2023  /PRNewswire/ -- Instructure, the maker of Canvas, today announced that Chris Ball has been named the company's new President and Chief Operating Officer, effective January 9. In the newly-created role of President and COO, Ball oversees the go-to-market strategy and customer lifecycle, including marketing, revenue operations, sales and customer experience. He will focus on driving efficiencies for growth and accelerating the execution of the company's mission of elevating student success, amplifying the power of teaching and inspiring everyone to learn together.

Chief Revenue Officer Frank Maylett has informed the company that he intends to step down from the company. The date of Maylett's departure has not yet been determined.

"We're very grateful to Frank for leading the revenue organization through a pivotal period of change at Instructure. His contributions to the company are immeasurable," said Steve Daly, CEO of Instructure. "With Chris Ball leading the entire customer lifecycle, we look forward to building on that foundation and continuing to provide great value for educators and students. We're intentionally building a culture of success and Chris has a strong track record of scaling organizations. With his influence, we're looking forward to making an even greater impact on the education industry."

Ball brings 28 years of valuable experience leading high-growth, global, publicly-traded companies. Most recently, he was General Manager, Americas Enterprise (United States, Canada, and LATAM) of Adobe Systems Inc. During his tenure, Adobe surpassed $12.5B in annual revenues. Prior to Adobe, Ball served as the Entrepreneur In Residence at Lightspeed Venture Partners, a global venture capital firm focused on multi-stage investments in the enterprise, consumer, and health sectors. Prior to his time at Lightspeed Venture Partners, Ball spent over a decade at SAP, Americas as EVP & General Manager, running a variety of high-growth scale businesses, and held various executive management positions at several other publicly traded and venture-backed high-tech companies.

"Instructure has an enormous market opportunity to build on excellent products in the higher education and K-12 space worldwide," said Chris Ball. "I'm excited to join such a high-performing, mission-driven team committed to elevating learning and empowering educators."

ABOUT INSTRUCTURE

Instructure (NYSE: INST) is an education technology company dedicated to elevating student success, amplifying the power of teaching, and inspiring everyone to learn together. Today the Instructure Learning Platform supports tens of millions of educators and learners around the world. Learn more at www.instructure.com.

FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking" statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the potential, timing and examples of any strategic alternatives. These statements are not guarantees of future performance, but are based on management's expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements. Important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include the risk factors described in the Company's form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 23, 2022 and other documents filed with the SEC and could cause actual results to vary from expectations. All information provided in this press release is as of the date hereof and Instructure undertakes no duty to update this information except as required by law.

MEDIA CONTACT:
Brian Watkins
Corporate Communications
Instructure
801-610-9722
brian.watkins@instructure.com

 

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SOURCE Instructure

FAQ

Who is the new President and COO of Instructure?

Chris Ball has been appointed as the new President and COO of Instructure, effective January 9, 2023.

What was Chris Ball's previous role before joining Instructure?

Prior to joining Instructure, Chris Ball was the General Manager of Adobe's Americas Enterprise.

Why did Instructure's Chief Revenue Officer step down?

Frank Maylett, the Chief Revenue Officer, has informed the company of his intention to step down, but the date of his departure has not been determined.

What are Chris Ball's main responsibilities at Instructure?

As President and COO, Chris Ball will oversee the go-to-market strategy, revenue operations, sales, and customer experience.

How is Instructure positioned in the education technology market?

Instructure aims to leverage its excellent products to capitalize on significant opportunities in the higher education and K-12 sectors worldwide.