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Updater Appoints Bangaly Kaba and Lee Kirkpatrick to Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Updater Inc. announced the appointment of Bangaly Kaba and Lee Kirkpatrick to its Board of Directors, aimed at accelerating company growth. Lee will lead the Audit Committee and has a proven track record, having scaled Twilio's revenue from $15M to $800M and guiding its IPO. Bangaly holds significant experience in product innovation at top tech companies. Two long-standing directors, Antony Catalano and Jessica Nagle, stepped down, marking a significant leadership shift. This strategic move aims to strengthen Updater’s positioning in the relocation technology market.
Positive
Appointment of experienced tech leaders enhances strategic direction.
Lee Kirkpatrick's experience in scaling revenue and IPOs could positively impact Updater's financial growth.
Bangaly Kaba's background in product innovation may drive consumer engagement.
Negative
Departure of experienced directors may create continuity concerns during the transition.
Accomplished technology veterans with outstanding track records of success at Instagram and Twilio appointed to help accelerate Updater’s next phase of growth
NEW YORK--(BUSINESS WIRE)--
Updater Inc., the leading technology company powering the relocation industry, is pleased to announce that it has appointed Bangaly Kaba and Lee Kirkpatrick to its Board of Directors. Lee will also serve as the Chair of Updater’s Audit Committee. Bangaly and Lee bring years of successful leadership experience at best-in-category, high-growth technology companies including Instagram, Instacart, Twilio, Facebook, PopshopLive, and Twitter.
“We are delighted to appoint Bangaly and Lee, two renowned technology executives, to our Board of Directors,” commented David Greenberg, Updater Founder and CEO. “Lee has decades of experience building high-performing finance teams and scalable financial operations, in addition to leading Twillio’s successful IPO. Bangaly’s unique approach to product innovation helped build tech that resonates with consumers at Instagram, Facebook, Twitter, and PopshopLive. Their guidance will be invaluable for our leadership team.”
Bangaly currently serves as the Head of Platform Growth at Popshop Live. He has over a decade of experience as a technology executive with previous roles including VP of Product at Instacart, Head of Growth at Instagram, and Senior Product Manager at Facebook. He also serves on the Board of Directors at Spark Networks, a publicly-traded portfolio of premium and freemium dating apps. Bangaly holds an MBA from the University of Southern California, an MA from American University, and a BS from Washington University in St. Louis.
Lee served for over six years as the Chief Financial Officer at Twilio, leading the company’s revenue growth from $15M Annual Recurring Revenue (ARR) to $800M ARR. He also led the company through its successful IPO on the New York Stock Exchange. Prior to Twilio, Lee was the CFO for Say Media, Ofoto (acquired by Kodak and later renamed the Kodak Imaging Network), and iOwn (formerly Homeshark). Lee also serves on the board of three other companies and advises several high-growth technology companies. Lee holds an MBA from Columbia Business School and a BS in Business Administration from the University of Southern California.
Updater also announces that two long-standing Directors, Antony Catalano and Jessica Nagle, have stepped down from their positions on Updater’s Board. “On behalf of Updater’s shareholders, our executive team, and our more than 250 teammates, I extend enormous gratitude to Antony Catalano and Jessica Nagle for their insights, leadership, and invaluable service for the last 6 years and 4 years, respectively,” Greenberg added.
About Updater Inc.
Updater Inc. is the go-to destination to conquer your move. We started in 2010 with a vision to transform the painful and complex process of moving into a frictionless and delightful online experience. Today, Updater is the industry leader in relocation technology, facilitates more than 25% of annual household moves in the U.S., and offers a trusted and easy-to-use platform that transforms the way people move from one home to the next. Updater provides both consumer and business-facing solutions to drive value for all parties in the relocation ecosystem. Our portfolio of relocation brands includes Updater, Dolly, and MoveHQ. Updater is headquartered in New York City. For more information: www.updater.com.