Remark Appoints Tech Entrepreneur and Global Business Leader DeMeakey Williams, Sr. as Chief Revenue Officer

Rhea-AI Summary

Remark Holdings, Inc. (NASDAQ: MARK) has appointed DeMeakey Williams, Sr. as its new Chief Revenue Officer, effective immediately. With over 20 years of experience in marketing and sales from both high-growth startups and established firms, Williams is expected to bolster Remark's revenue and brand presence. His role involves overseeing global communications, demand creation, and customer advocacy. Williams previously held significant positions at Pangiam and Smiths Detection. CEO Shing Tao emphasized the need for strategic leadership to enhance Remark's AI solutions, particularly the Smart Safety Platform.

Positive

• DeMeakey Williams brings 20 years of experience in marketing and sales.
• His appointment is expected to strengthen Remark's revenue generation strategies.
• Williams has a proven track record in leadership roles at notable firms.

Negative

• Potential gaps in continuity and experience due to a management change.

Brings 20 Years of marketing, sales and innovation experience from established publicly-traded companies and high-growth startup brands to Remark. 

LAS VEGAS, Oct. 19, 2022 /PRNewswire/ -- Remark Holdings, Inc. (NASDAQ: MARK), a diversified global leader in AI powered video analytics, authentication technology and risk management solutions today announced that DeMeakey Williams, Sr. joins the organization as Chief Revenue Officer (CRO), where he will oversee Remark's revenue generation, brand awareness, go-to-market strategies, global communications program, demand creation and customer advocacy.

"Customer demand directs our global growth strategy and market presence. The need for our industry-leading artificial intelligence solution, the Smart Safety Platform, continues to increase and we are proud to welcome DeMeakey Williams to the leadership team to guide our growth", said Shing Tao, CEO of Remark. "DeMeakey is a renowned and proven growth revenue expert and his appointment furthers our ability to deliver data-driven intelligence to organizations across multiple sectors, including defense, education, government, healthcare, and hospitality."

DeMeakey Williams, Sr. brings more than 20 years of marketing, sales and innovation experience from established publicly traded companies and high-growth start-up brands to Remark. Before Remark, DeMeakey held the position of Vice President of America's Sales at Pangiam, a security technology firm, taking responsibility for their corporate sales and business development within the Western Hemisphere.

DeMeakey has held revenue-generation leadership positions at Smiths Detection and other Fortune 500 organizations and currently serves as a board advisor to Harley Langdale Jr. College of Business Administration, Earth Robotics, and ScanTech Identification Beam Systems.

"I am tremendously excited about this appointment and to be a member of the Remark team.  I am significantly impressed with the scientific ethos of Remark, and our technical capabilities appear limitless. I love our culture of moving fast but thoughtfully, and I take great satisfaction in leading a US-based enterprise where observing corporate and social responsibility is of the utmost importance."

DeMeakey Williams, Sr. holds a Bachelor of Business Administration Degree in Marketing from Harley Langdale Jr. College of Business Administration-Valdosta State University and a Master of Business from Parker College of Business-Georgia Southern University.

About Remark Holdings, Inc.

Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated suite of AI solutions that enable businesses and organizations to solve problems, reduce risk and deliver positive outcomes. The company's easy-to-install AI products are being rolled out in a wide range of applications within the retail, public safety and workplace arenas. The company's corporate headquarters are based in Las Vegas, Nevada. For more information, please visit the company's website at www.remarkholdings.com.

Forward-Looking Statements

This press release may contain forward-looking statements, including information relating to future events, future financial performance, strategies, expectations, competitive environment and regulation. Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in future tense, identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, including those discussed in Part I, Item 1A. Risk Factors in Remark Holdings' Annual Report on Form 10-K and Remark Holdings' other filings with the SEC. Any forward-looking statements reflect Remark Holdings' current views with respect to future events, are based on assumptions and are subject to risks and uncertainties. Given such uncertainties, you should not place undue reliance on any forward-looking statements, which represent Remark Holdings' estimates and assumptions only as of the date hereof. Except as required by law, Remark Holdings undertakes no obligation to update or revise publicly any forward-looking statements after the date hereof, whether as a result of new information, future events or otherwise.

Company Contacts

Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626-623-2000
(+65) 8715-8007

 

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SOURCE Remark Holdings, Inc.

FAQ

What is the significance of DeMeakey Williams' appointment as CRO for MARK?

DeMeakey Williams' appointment is significant as he brings extensive experience that is expected to enhance Remark Holdings' revenue strategies and market presence.

How does DeMeakey Williams' experience relate to Remark Holdings' growth strategy?

With over 20 years in marketing and sales, Williams' experience is crucial in guiding Remark Holdings' growth initiatives and enhancing the effectiveness of their AI solutions.

What are DeMeakey Williams' previous positions before joining Remark?

Before joining Remark, Williams held leadership roles at Pangiam as VP of Americas Sales and at Smiths Detection among other Fortune 500 companies.

When was the announcement of DeMeakey Williams' appointment made?

The announcement regarding DeMeakey Williams' appointment was made on October 19, 2022.

What impact might DeMeakey Williams have on Remark's Smart Safety Platform?

Williams is expected to drive demand creation and customer advocacy for Remark's Smart Safety Platform, aligning with the growing need for AI solutions in various sectors.