Matterport Appoints Top Industry Executives to its Leadership Team

Rhea-AI Summary

Matterport (Nasdaq: MTTR) has appointed Florence Shaffer and Deepti Illa to strengthen leadership roles in strategy and marketing. Shaffer, with nearly 20 years of experience, joins as Vice President of Strategy & Operations, while Illa, formerly of RingCentral and Google, will be Vice President of Global Integrated Marketing. CEO RJ Pittman emphasizes the need for top talent to drive the company's mission of digital transformation in the built world, targeting a $230 trillion market.

Positive

• Appointment of top executives from prestigious companies can enhance strategic vision.
• Fresh leadership expected to drive global marketing and operational efficiencies.
• Focus on leading the digital transformation of the built world could attract new business.

Negative

• None.

Company lands top execs from the Estee Lauder Companies, RingCentral, and Google to lead strategy, operations, and global marketing efforts

SUNNYVALE, Calif., Feb. 10, 2022 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that it has appointed Florence Shaffer as Vice President, Strategy & Operations, Chief of Staff to CEO, and Deepti Illa as Vice President, Global Integrated Marketing. Shaffer will join Matterport’s executive leadership team and report to CEO RJ Pittman, helping drive the company’s strategic and operational mandate. Illa brings an impressive record of driving global business growth for some of the world’s largest cloud platforms and will report directly to recently named Chief Marketing Officer, Tom Klein. She will lead global marketing efforts to elevate the Matterport brand and scale adoption across all key vertical markets. 

“Achieving our mission to make every space more valuable and accessible, starts and stops with attracting top talent and expanding our workforce across technology, marketing and operations is crucial to our success,” said RJ Pittman, Chief Executive Office of Matterport. “Both Florence and Deepti are highly regarded industry executives that bring extraordinary, team-centric leadership, operational scale, and strategic vision to Matterport. We are incredibly well positioned to extend our leading position digitizing the $230 trillion built world in the decade ahead.”

Shaffer brings nearly 20 years of experience where tech innovation and strategy meet execution, leading digital transformation for notable global brands. Most recently, Shaffer held the dual position of Global Vice President, Technology Strategy & Operations and Chief of Staff to the Chief Innovation Officer at Estée Lauder Companies. Prior to Estee Lauder, Shaffer was Director of Technology for the Americas region, at Burberry, where she helped drive business growth with technology innovation and operational improvements. In addition to roles at Lucasfilm and BMW, Shaffer has served as a consultant for emerging technology startups.

“As a company that seeks to fundamentally improve the way people understand and engage with the physical world, Matterport’s vision is truly unique,” said Shaffer. “I’m passionate about building a future where technology enhances people’s lives, and I look forward to doing that with Matterport.”

Illa joins Matterport from RingCentral, a leading provider of business cloud communications, where she held the position of Vice President of Marketing, leading the company’s enterprise marketing that accounts for approximately half of its revenue. Prior to RingCentral, Illa was Global Head of Growth and Demand Marketing for Google Maps and held positions with Google Analytics and Google Marketing Platform, overseeing demand generation, marketing operations and integrated campaigns for several products during her six-year tenure with the company. 

“With Matterport, the way people view and understand physical space is shifting, and digital twins carry significant value across a variety of verticals,” said Illa. “I look forward to helping drive global adoption of this transformative technology and am excited to be joining the company during its remarkable period of growth.”

About Matterport

Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking spatial data platform turns buildings into data to make nearly every space more valuable and accessible. Millions of buildings in more than 170 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at matterport.com and browse a gallery of digital twins.

©2021 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners.

Media Contact:
Tim McDowd
Director, Communications
press@matterport.com
+1 (650) 273-6999

Investor Contact:
Soohwan Kim, CFA
VP, Investor Relations
ir@matterport.com

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the benefits of the business combination, the services offered by Matterport, Inc. (“Matterport”) and the markets in which Matterport operates, business strategies, debt levels, industry environment, potential growth opportunities, the effects of regulations and Matterport’s projected future results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “forecast,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions (including the negative versions of such words or expressions).

Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including Matterport’s hiring decisions and ability to implement business plans, forecasts, and other expectations in the industry in which Matterport competes, and identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in documents filed by Matterport from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Matterport assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Matterport does not give any assurance that it will achieve its expectations.

 

FAQ

What recent leadership changes occurred at Matterport?

Matterport appointed Florence Shaffer as Vice President of Strategy & Operations and Deepti Illa as Vice President of Global Integrated Marketing.

How will the new executives impact Matterport's strategy?

The new executives are expected to bring enhanced leadership and operational scale critical for advancing Matterport's digital transformation goals.

What experience do the new executives bring to Matterport?

Florence Shaffer has extensive experience in technology strategy from Estee Lauder, and Deepti Illa has a strong marketing background from RingCentral and Google.

What is the market potential Matterport is targeting?

Matterport aims to drive digital transformation in the built world, which is valued at approximately $230 trillion.