FiscalNote Announces Leadership Succession Plan to Drive Next Phase of Growth
FiscalNote Holdings (NYSE: NOTE) announced a leadership succession plan where CEO and Co-founder Tim Hwang will transition to Executive Chairman, while current President and COO Josh Resnik will become CEO, effective January 1, 2025. Under Hwang's nearly 12-year leadership, FiscalNote transformed from a startup into a leading AI-driven SaaS company serving over 4,000 global customers. In his new role, Hwang will focus on strategic initiatives, company culture, product innovation, and generative AI growth. Resnik, who has been key in advancing FiscalNote's product strategy and operational effectiveness, will retain his position as President while taking on CEO responsibilities.
FiscalNote Holdings (NYSE: NOTE) ha annunciato un piano di successione dirigenziale in cui il CEO e cofondatore Tim Hwang passerà a ricoprire il ruolo di Presidente Esecutivo, mentre l'attuale Presidente e COO Josh Resnik diventerà CEO, a partire dal 1 gennaio 2025. Sotto la guida di Hwang, durata quasi 12 anni, FiscalNote si è trasformata da startup in una società SaaS guidata dall'AI che serve oltre 4.000 clienti globali. Nel suo nuovo ruolo, Hwang si concentrerà su iniziative strategiche, cultura aziendale, innovazione del prodotto e crescita dell'AI generativa. Resnik, che è stato fondamentale per il progresso della strategia di prodotto e dell'efficacia operativa di FiscalNote, manterrà la sua posizione di Presidente mentre assumerà anche le responsabilità del CEO.
FiscalNote Holdings (NYSE: NOTE) anunció un plan de sucesión en el liderazgo donde el CEO y cofundador Tim Hwang pasará a ser Presidente Ejecutivo, mientras que el actual Presidente y COO Josh Resnik se convertirá en CEO, efectivo el 1 de enero de 2025. Bajo el liderazgo de Hwang durante casi 12 años, FiscalNote se transformó de una startup en una empresa SaaS impulsada por IA que atiende a más de 4,000 clientes en todo el mundo. En su nuevo rol, Hwang se enfocará en iniciativas estratégicas, cultura empresarial, innovación de productos y crecimiento de IA generativa. Resnik, quien ha sido clave para avanzar en la estrategia de productos y la eficacia operativa de FiscalNote, mantendrá su posición como Presidente mientras asume las responsabilidades de CEO.
FiscalNote Holdings (NYSE: NOTE)는 CEO이자 공동 창립자인 Tim Hwang이 집행 의장으로 전환하고, 현재의 사장 겸 COO인 Josh Resnik이 2025년 1월 1일부터 CEO가 되는 리더십 승계 계획을 발표했습니다. Hwang의 거의 12년 동안의 리더십 아래에서 FiscalNote는 스타트업에서 전 세계 4,000개 이상의 고객을 지원하는 AI 기반의 SaaS 회사로 변모했습니다. 그의 새로운 역할에서 Hwang은 전략적 이니셔티브, 기업 문화, 제품 혁신 및 생성 AI 성장에 집중할 것입니다. Resnik은 FiscalNote의 제품 전략과 운영 효율성을 향상시키는 데 중요한 역할을 해왔으며, CEO의 책임을 맡으면서 사장직을 유지할 것입니다.
FiscalNote Holdings (NYSE: NOTE) a annoncé un plan de succession à la direction où le PDG et co-fondateur Tim Hwang deviendra Président Exécutif, tandis que l'actuel Président et COO Josh Resnik sera nommé PDG, à compter du 1er janvier 2025. Sous la direction de Hwang, qui a duré près de 12 ans, FiscalNote s'est transformée d'une startup en une entreprise SaaS alimentée par l'IA au service de plus de 4 000 clients dans le monde. Dans son nouveau rôle, Hwang se concentrera sur les initiatives stratégiques, la culture d'entreprise, l'innovation produit et la croissance de l'IA générative. Resnik, qui a joué un rôle clé dans la progression de la stratégie produit et de l'efficacité opérationnelle de FiscalNote, conservera son poste de Président tout en prenant également les responsabilités de PDG.
FiscalNote Holdings (NYSE: NOTE) hat einen Nachfolgeplan für die Führung bekannt gegeben, der vorsieht, dass CEO und Mitgründer Tim Hwang zum Executive Chairman wechselt, während der derzeitige Präsident und COO Josh Resnik ab dem 1. Januar 2025 CEO wird. Unter der fast 12-jährigen Leitung von Hwang hat sich FiscalNote von einem Start-up zu einem KI-gesteuerten SaaS-Unternehmen entwickelt, das über 4.000 globale Kunden bedient. In seiner neuen Rolle wird Hwang sich auf strategische Initiativen, Unternehmenskultur, Produktinnovation und das Wachstum von generativer KI konzentrieren. Resnik, der entscheidend zur Weiterentwicklung der Produktstrategie und der betrieblichen Effizienz von FiscalNote beigetragen hat, wird seine Position als Präsident beibehalten und gleichzeitig die Verantwortlichkeiten des CEO übernehmen.
- Company serves over 4,000 customers worldwide
- Successful transformation from startup to NYSE-listed company
- Strategic focus on product innovation and generative AI growth
- None.
Insights
The planned CEO transition at FiscalNote represents a strategic shift but appears well-orchestrated with minimal disruption risk. Josh Resnik's internal promotion and current role as President & COO suggests operational continuity. The 12-month transition period allows for a methodical handover of responsibilities.
The company's market position serving 4,000+ global customers in the AI-driven policy intelligence space provides a stable foundation. However, the stock has faced challenges since its NYSE listing, trading significantly below its IPO price. The leadership change could potentially catalyze operational improvements, particularly in product strategy and efficiency initiatives that Resnik has been overseeing.
Tim Hwang's continued involvement as Executive Chairman, focusing on innovation and AI development, maintains valuable founder insight while allowing for fresh operational leadership - a model that has proven successful at other tech companies.
Tim Hwang to Transition to Executive Chairman and Josh Resnik, Current President & COO, to Become Chief Executive Officer Effective January 1, 2025
Hwang will continue his commitment to the company’s vision and success in his new role as Executive Chairman, where he will focus on strategic initiatives and the continuity of FiscalNote’s mission as it enters its next phase of growth. As President and Chief Operating Officer, Resnik has been instrumental in advancing FiscalNote’s product strategy and operational effectiveness, and he brings years of proven experience and results to his new role as CEO; he will retain his position as President of the Company as well.
"After almost 12 years at the helm of operating FiscalNote every day and after deep considerable thought, I’ve decided to pass the baton and transition to the role of Executive Chair, allowing me to step into a new chapter — returning to my founder roots with renewed passion and focus as we continue to scale FiscalNote to even greater heights. Reflecting on the journey over the past decade, I am filled with pride for all that our team has accomplished and the incredible community we’ve built. I am equally energized by the opportunities ahead and incredibly optimistic about FiscalNote’s future. I am confident that Josh’s years of leadership position him to execute as CEO on FiscalNote’s mission — to help our customers navigate a constantly changing political, regulatory and economic environment — and our strategy to drive greater value for shareholders and customers over the long term," said Hwang. “As co-founder, I am incredibly proud of what FiscalNote has accomplished and excited to bring my passion, energy, and motivation to the role of Executive Chairman, working closely with senior leadership on company culture, nurturing new innovative products, accelerating our generative AI growth, working on strategy, and advocating for FiscalNote externally.”
"I want to thank the Board for their confidence in my leadership and Tim for his support,” said Resnik. "I look forward to partnering with the Board, Tim as Executive Chairman, our management team, and all of our Global Team colleagues to build on everything we have accomplished. By placing relentless focus on our product roadmap, continuing to drive efficiencies, and further simplifying the business, we will deliver greater value for our customers and shareholders as we drive the next phase of growth for the Company."
Since co-founding FiscalNote in 2013, Hwang has transformed FiscalNote from a Silicon Valley startup into a leading AI SaaS company with products that provide critical intelligence and information for thousands of customers around the world. Hwang steered FiscalNote through its founding, launched dozens of products at the intersection of legal tech and AI, and listed the company on the New York Stock Exchange – making him one of the youngest Asian American CEOs/Co-founders on the Exchange. Under Hwang’s leadership, FiscalNote has grown to serve more than 4,000 customers worldwide, powered by its talented employees operating globally.
Michael Callahan, FiscalNote’s lead independent Board director, said, "On behalf of the Board, I want to thank Tim for his visionary leadership since FiscalNote’s founding in 2013. FiscalNote would not be the market leading AI-driven provider of policy and global intelligence without the vision, dedication and leadership of its co-founders. Tim’s transition to Executive Chairman allows us to continue benefiting from his insight and strategic guidance as we enter this exciting next chapter.” Callahan also noted, "Josh deeply understands FiscalNote and has been instrumental in tackling our most important priorities, including maturing our product operating model and driving sustainable growth. We know we will be in good hands as Josh steps into the role of CEO."
About FiscalNote
FiscalNote (NYSE: NOTE) is a leader in policy and global intelligence. By uniquely combining data, technology, and insights, FiscalNote empowers customers to manage political and business risk. Since 2013, FiscalNote has pioneered technology that delivers critical insights and the tools to turn them into action. Home to CQ, Dragonfly, Oxford Analytica, VoterVoice, and many other industry-leading brands, FiscalNote serves thousands of customers worldwide with global offices in
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Source: FiscalNote
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