Nerdy Appoints Molly Sorg as Vice President and Head of Investor Relations

Rhea-AI Summary

Nerdy Inc. (NYSE: NRDY) has appointed Molly Sorg as Vice President and Head of Investor Relations. Sorg will guide Nerdy's financial market strategies and act as the main liaison for investors and analysts. Her previous experience includes SVP at Vistra Corp., where she managed investor relations and sustainability. Sorg aims to support Nerdy's growth and innovation in online learning. The company focuses on connecting learners with experts through technology, offering diverse educational formats across thousands of subjects.

Positive

• Molly Sorg's appointment as VP and Head of Investor Relations brings extensive experience in managing investor relations and sustainability.
• Sorg's background at Vistra Corp. indicates a strong capacity to handle high-profile investor issues.
• Sorg is expected to support Nerdy's growth in expanding into institutional markets and B2B sectors.

Negative

• Concerns may arise regarding continuity and experience gaps with the new leadership in investor relations.

IR and Sustainability Veteran Joins Leading Platform for Live Online Learning

ST. LOUIS--(BUSINESS WIRE)-- Nerdy Inc. (NYSE: NRDY), a leading platform for delivering live online learning, today announced that Molly Sorg has joined as Vice President and Head of Investor Relations, where she will help drive Nerdy’s financial market strategies and serve as the primary point of contact for investors and analysts.

Molly Sorg has joined Nerdy Inc. as Vice President and Head of Investor Relations (Photo: Business Wire)

“As a newly publicly-traded company, establishing a strong IR function will be critical to our success, and Molly has the track record that will help us effectively navigate the public markets and propel the business forward,” said Jason Pello, Chief Financial Officer of Nerdy. “Molly brings an exceptional background to Nerdy, and will play a critical role in supporting our next phase of growth.”

Most recently, Sorg served as SVP Investor Relations, Chief Purpose and Sustainability Officer at Vistra Corp., a Fortune 275, $10 billion market cap integrated retail electricity and power generation company, where she managed multiple high-profile investor and policy issues. In addition to her capacity leading Investor Relations at Vistra, she also oversaw the company’s purpose and sustainability efforts and ESG strategy.

“Nerdy has a powerful mission to transform how people learn, and is advancing these efforts via a focus on building and launching innovative products and expanding into new markets like institutional and B2B,” said Sorg. “I believe this company is extremely well positioned to benefit from the shift from offline to online learning, and I’m excited to join this exceptional team as we share the Nerdy story with the investment community.”

Prior to Vistra, Sorg held a variety of legal and investor relations positions across the energy and healthcare sectors, including as an attorney at both Skadden, Arps, Slate, Meagher & Flom, and Vinson & Elkins, two of the country’s premier law firms. She earned a Bachelor of Science in accounting and finance from Indiana University's Kelley School of Business in 2003, and a Juris Doctor from the Northwestern University Pritzker School of Law in 2008.

About Nerdy

Nerdy (NYSE: NRDY) is a leading platform for live online learning, with a mission to transform the way people learn through technology. The Company’s purpose-built proprietary platform leverages technology, including AI, to connect learners of all ages to experts, delivering superior value on both sides of the network. Nerdy’s comprehensive learning destination provides learning experiences across 3,000+ subjects and multiple formats—including one-on-one instruction, small group classes, large format group classes, and adaptive self-study. Nerdy’s flagship business, Varsity Tutors, is one of the nation’s largest platforms for live online tutoring and classes. Its solutions are available directly to students and consumers, as well as through schools and other institutions. Learn more about Nerdy at https://www.nerdy.com/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220105005310/en/

Nerdy

Brian Nelson

press@nerdy.com

ICR for Nerdy

investors@nerdy.com

Source: Nerdy Inc.

FAQ

Who is the new Vice President of Investor Relations at Nerdy Inc.?

Molly Sorg has been appointed as Vice President and Head of Investor Relations at Nerdy Inc.

What previous experience does Molly Sorg have relevant to her new role at Nerdy?

Molly Sorg was the SVP Investor Relations and Chief Purpose and Sustainability Officer at Vistra Corp.

What is the primary focus of Molly Sorg in her role at Nerdy?

Molly Sorg will drive Nerdy's financial market strategies and serve as the primary contact for investors and analysts.

How might Molly Sorg's appointment impact Nerdy Inc.'s growth?

Sorg aims to support Nerdy's efforts in expanding into new institutional and B2B markets, enhancing investor relations.