Inuvo, Inc. Announces Charles D. Morgan's Retirement; Rob Buchner Joins Board

Rhea-AI Summary

Inuvo (NYSE American: INUV) announced significant changes to its Board of Directors. Charles D. Morgan, who joined the board in 2009, has retired effective February 27, 2025. Concurrently, Rob Buchner was appointed as Class III Director to fill the vacancy.

Buchner brings extensive leadership experience as former CEO of Campbell Mithun and CMO of Fallon Worldwide, where he added $80 million in net recurring revenue. He currently serves as Chief Marketing Officer at Covet™, a fintech company. During his tenure at Fallon, he developed digital and entertainment practices, notably contributing to Amazon Theater and BMW Films projects.

Positive

• Appointment of experienced marketing executive Rob Buchner to Board
• New director brings proven track record of $80M revenue growth at Fallon

Negative

• Loss of long-term board member and significant investor Charles Morgan

LITTLE ROCK, Ark., Feb. 28, 2025 (GLOBE NEWSWIRE) -- Inuvo, Inc. (NYSE American: INUV), a leading provider of artificial intelligence AdTech solutions, announced today that Charles D. Morgan has retired from the Company’s Board of Directors (the “Board”) effective February 27, 2025. Mr. Morgan joined the Board in 2009 and has remained a significant investor in the Company. Concurrently with Mr. Morgan’s retirement, Rob Buchner was appointed, effective February 27^th, as a Class III Director of the Company to fill the vacancy created by Mr. Morgan’s departure.

Richard Howe, Chairman and CEO of Inuvo, stated, “Charles is a visionary leader who has shaped numerous successful companies, including industry giants like Acxiom and more recently, First Orion. His wisdom, vast experience, and sharp decision-making have been instrumental in building Inuvo into the company it is today. I want to express my profound appreciation for his service and leadership.”

Mr. Morgan commented, "Inuvo's generative AI technology has the potential to revolutionize modern marketing, much like Acxiom's consumer data did. It's been a privilege to contribute to this evolution in audience discovery and targeting. Rich and the team have created something truly groundbreaking, and I'm excited to watch them continue to succeed."

Mr. Howe added, "We are pleased to welcome Rob to our board. Rob's impressive leadership experience at prominent agencies, including Campbell Mithun and Fallon Worldwide, where he was CEO and CMO, makes him a valuable addition to our Board. His expertise in founding and managing companies, as well as his track-record in business growth and transformation, will be a strong asset to Inuvo."

Mr. Buchner remarked, "My interactions with Inuvo's board and executives over the past six months have been incredibly exciting. Their talented team, innovative AI, and disruptive potential make this a truly compelling opportunity. I'm honored to be a part of Inuvo's future and eager to contribute to its growth."

Mr. Buchner is currently Chief Marketing Officer at Covet™, a fintech leveraging AI for personal asset management. Previously, he was CEO of Campbell Mithun (Interpublic Group), where he restructured the agency around data-driven marketing. Prior to that, Mr. Buchner was CMO of Fallon Worldwide, where he led business growth, adding $80 million in net recurring revenue. He also played a key role in developing Fallon’s digital and entertainment practices, earning acclaim for Amazon Theater and BMW Films. He holds a Bachelor of Science from the University of Illinois, Urbana-Champaign.

About Inuvo
Inuvo^®, Inc. (NYSE American: INUV) is a market leader in Artificial Intelligence built for advertising. Its IntentKey AI solution is a first-of-its-kind proprietary and patented technology capable of identifying and actioning to the reasons why consumers are interested in products, services, or brands, not who those consumers are. To learn more, visit www.inuvo.com.

Safe Harbor / Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including, without limitation risks detailed from time to time in our filings with the Securities and Exchange Commission (the “SEC”), and represent our views only as of the date they are made and should not be relied upon as representing our views as of any subsequent date. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Inuvo, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 as filed on February 27, 2025, and our other filings with the SEC. Inuvo cannot provide assurances that the assumptions upon which these forward-looking statements are based will prove to have been correct. Should one of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements, and investors are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Inuvo does not intend to update or revise any forward-looking statements made herein or any other forward-looking statements as a result of new information, future events or otherwise. Inuvo further expressly disclaims any written or oral statements made by a third-party regarding the subject matter of this press release. The information which appears on our websites and our social media platforms is not part of this press release.

Inuvo Company Contact:
Wally Ruiz
Chief Financial Officer
wallace.ruiz@inuvo.com

Investor Relations :
David Waldman / Natalya Rudman
Crescendo Communications, LLC
Tel: (212) 671-1020
inuv@crescendo-ir.com

FAQ

When did Charles D. Morgan retire from Inuvo's Board of Directors?

Charles D. Morgan retired from Inuvo's Board effective February 27, 2025.

Who replaced Charles D. Morgan on Inuvo's Board?

Rob Buchner was appointed as Class III Director to fill the vacancy created by Morgan's departure.

What is Rob Buchner's current role outside of INUV's board?

Rob Buchner currently serves as Chief Marketing Officer at Covet, a fintech company focusing on AI-driven personal asset management.

What major achievement did Rob Buchner accomplish at Fallon Worldwide?

As CMO of Fallon Worldwide, Buchner led business growth adding $80 million in net recurring revenue and developed digital practices including Amazon Theater and BMW Films.