Matterport Names Peter Presunka as Chief Accounting Officer

Rhea-AI Summary

Matterport, Inc. (Nasdaq: MTTR) has appointed Peter Presunka as its new Chief Accounting Officer, effective December 23, 2021. Presunka will manage the company's financial reporting, technical accounting, tax, and internal controls. His extensive experience spans over 30 years in accounting and technical services, with prior roles at SOAProjects, Lumileds LLC., KLA-Tencor, and TE Connectivity. CFO JD Fay highlighted Presunka's pre-existing technical collaboration with Matterport, emphasizing its alignment with the company’s growth strategy and upcoming product launches.

Positive

• Appointment of Peter Presunka as Chief Accounting Officer enhances leadership with over 30 years of experience.
• Pre-existing experience of Presunka with Matterport supports seamless integration into growth strategies.
• Strengthening of financial reporting and internal controls can provide a solid framework for future expansion.

Negative

• None.

Presunka to oversee technical accounting operations and financial reporting

SUNNYVALE, Calif., Dec. 23, 2021 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company driving the digital transformation of the built world, today announced that Peter Presunka has joined the company as Chief Accounting Officer. Presunka will oversee Matterport's financial reporting, technical accounting, tax and corporate internal controls functions. He will also serve as the Principal Accounting Officer under SEC guidelines.

“Peter is a welcomed addition to the team,” said JD Fay, Chief Financial Officer of Matterport. “He has been working with us for nearly two years in a technical capacity already. Combining his deep technical accounting background, proven track record and existing experience with Matterport will help us support Matterport’s growth strategy, global expansion, and upcoming product launches.”

Presunka has more than 30 years of experience in accounting and technical services for private and publicly traded organizations. He joins Matterport from SOAProjects, Inc., where he was responsible for SEC reporting and technical account projects including revenue recognition, stock-based compensation, and purchase price accounting relating to acquisition transactions. Prior to SOAProjects, Inc., Presunka served in senior accounting roles at Lumileds LLC., KLA-Tencor, and TE Connectivity. 

“I am thrilled to join Matterport at such a pivotal time for the business,” said Presunka. “I’m looking forward to contributing to the company’s strategic growth and its continued expansion into new markets.”

To learn more about Matterport’s corporate governance and financial filings, visit our Investor Relations page at https://investors.matterport.com. 

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 is the significance of Peter Presunka's appointment at Matterport?

Peter Presunka's appointment as Chief Accounting Officer is significant as he brings over 30 years of experience and prior knowledge of Matterport, which is vital for supporting the company's growth and financial strategies.

When was Peter Presunka appointed Chief Accounting Officer of Matterport?

Peter Presunka was appointed Chief Accounting Officer of Matterport on December 23, 2021.

How will Peter Presunka's role at Matterport affect its financial reporting?

Peter Presunka will oversee financial reporting, technical accounting, and internal controls, which can enhance the accuracy and efficiency of Matterport's financial operations.

What experience does Peter Presunka have prior to joining Matterport?

Before joining Matterport, Peter Presunka held senior accounting roles at SOAProjects, Lumileds LLC., KLA-Tencor, and TE Connectivity, specializing in SEC reporting and technical accounting.

What are Matterport's anticipated growth strategies following the appointment of Peter Presunka?

Following Peter Presunka's appointment, Matterport anticipates focusing on growth strategies that involve global expansion and new product launches.