Phunware Appoints Quyen Du to Board of Directors
Phunware (NASDAQ: PHUN) has appointed Quyen Du to its Board of Directors as an independent director, effective February 28, 2025. Du brings 25 years of experience in strategy and corporate development, joining the company's Audit, Compensation, and Nominating and Corporate Governance Committees.
Du's extensive background includes leadership roles at major media companies, most recently serving as Head of Corporate Strategy & Development at Condé Nast. Her experience spans corporate strategy, finance, M&A, and business development at companies including Fandom, NBC Universal, Disney, and Showtime.
The appointment fills a Class III director seat vacated in October 2024 following CEO Michael Snavely's resignation. The move is strategically timed to address Nasdaq compliance issues, as the company received a delisting notification for failing to hold its 2024 Annual Shareholder Meeting. Phunware has submitted a compliance plan to Nasdaq, including Du's nomination for formal election as Class III director.
Phunware (NASDAQ: PHUN) ha nominato Quyen Du nel suo Consiglio di Amministrazione come direttore indipendente, con effetto dal 28 febbraio 2025. Du porta con sé 25 anni di esperienza nella strategia e nello sviluppo aziendale, unendosi ai Comitati di Revisione, Compensazione e Nomina e Governance Aziendale della società.
Il vasto background di Du include ruoli di leadership in importanti aziende media, avendo recentemente ricoperto il ruolo di Responsabile della Strategia e dello Sviluppo Aziendale presso Condé Nast. La sua esperienza spazia dalla strategia aziendale, finanza, M&A e sviluppo commerciale in aziende come Fandom, NBC Universal, Disney e Showtime.
Questa nomina riempie un posto di direttore di Classe III vacante da ottobre 2024 a seguito delle dimissioni del CEO Michael Snavely. La mossa è strategicamente programmata per affrontare le questioni di conformità con il Nasdaq, poiché la società ha ricevuto una notifica di delisting per non aver tenuto la sua Assemblea Annuale degli Azionisti del 2024. Phunware ha presentato un piano di conformità al Nasdaq, inclusa la nomina di Du per l'elezione formale come direttore di Classe III.
Phunware (NASDAQ: PHUN) ha nombrado a Quyen Du en su Junta Directiva como directora independiente, con efecto a partir del 28 de febrero de 2025. Du aporta 25 años de experiencia en estrategia y desarrollo corporativo, uniéndose a los Comités de Auditoría, Compensación y Nominación y Gobernanza Corporativa de la empresa.
La amplia trayectoria de Du incluye roles de liderazgo en importantes compañías de medios, habiendo servido más recientemente como Jefa de Estrategia y Desarrollo Corporativo en Condé Nast. Su experiencia abarca estrategia corporativa, finanzas, M&A y desarrollo de negocios en empresas como Fandom, NBC Universal, Disney y Showtime.
La designación ocupa un puesto de director de Clase III vacante desde octubre de 2024 tras la renuncia del CEO Michael Snavely. Este movimiento está estratégicamente programado para abordar problemas de cumplimiento con Nasdaq, ya que la empresa recibió una notificación de deslistado por no haber celebrado su Junta Anual de Accionistas de 2024. Phunware ha presentado un plan de cumplimiento a Nasdaq, incluida la nominación de Du para la elección formal como directora de Clase III.
Phunware (NASDAQ: PHUN)는 2025년 2월 28일부로 독립 이사로 Quyen Du를 이사회에 임명했습니다. Du는 전략 및 기업 개발 분야에서 25년의 경험을 보유하고 있으며, 회사의 감사, 보상, 및 지명 및 기업 거버넌스 위원회에 합류하게 됩니다.
Du의 폭넓은 경력은 주요 미디어 회사에서의 리더십 역할을 포함하며, 최근에는 Condé Nast에서 기업 전략 및 개발 책임자로 재직했습니다. 그녀의 경험은 Fandom, NBC Universal, Disney 및 Showtime과 같은 기업에서 기업 전략, 재무, M&A 및 비즈니스 개발을 포함합니다.
이번 임명은 2024년 10월 CEO Michael Snavely의 사임으로 공석이 된 3급 이사 자리를 채우는 것입니다. 이 조치는 Nasdaq 준수 문제를 해결하기 위해 전략적으로 시기적절하게 이루어졌으며, 회사는 2024년 연례 주주 총회를 개최하지 않아 상장 폐지 통지를 받았습니다. Phunware는 Nasdaq에 Du의 3급 이사로의 공식 선출을 포함한 준수 계획을 제출했습니다.
Phunware (NASDAQ: PHUN) a nommé Quyen Du au sein de son Conseil d'Administration en tant que directrice indépendante, avec effet au 28 février 2025. Du apporte 25 ans d'expérience en stratégie et développement d'entreprise, rejoignant les Comités d'Audit, de Rémunération et de Nominations et de Gouvernance d'Entreprise de la société.
Le vaste parcours de Du inclut des rôles de leadership dans de grandes entreprises de médias, ayant récemment occupé le poste de Responsable de la Stratégie et du Développement d'Entreprise chez Condé Nast. Son expérience couvre la stratégie d'entreprise, la finance, les fusions et acquisitions, ainsi que le développement commercial dans des entreprises telles que Fandom, NBC Universal, Disney et Showtime.
Cette nomination comble un siège de directeur de Classe III devenu vacant en octobre 2024 suite à la démission du PDG Michael Snavely. Ce mouvement est stratégiquement programmé pour répondre aux problèmes de conformité avec le Nasdaq, car la société a reçu une notification de radiation pour ne pas avoir tenu son Assemblée Annuelle des Actionnaires de 2024. Phunware a soumis un plan de conformité au Nasdaq, incluant la nomination de Du pour une élection formelle en tant que directeur de Classe III.
Phunware (NASDAQ: PHUN) hat Quyen Du mit Wirkung zum 28. Februar 2025 als unabhängige Direktorin in seinen Vorstand berufen. Du bringt 25 Jahre Erfahrung in Strategie und Unternehmensentwicklung mit und wird den Ausschüssen für Prüfung, Vergütung sowie Nominierung und Unternehmensführung der Gesellschaft beitreten.
Dus umfangreicher Hintergrund umfasst Führungspositionen bei großen Medienunternehmen, zuletzt war sie als Leiterin für Unternehmensstrategie und -entwicklung bei Condé Nast tätig. Ihre Erfahrung reicht von Unternehmensstrategie, Finanzen, M&A bis hin zu Geschäftsentwicklung bei Unternehmen wie Fandom, NBC Universal, Disney und Showtime.
Die Ernennung füllt einen Platz für einen Direktor der Klasse III, der im Oktober 2024 nach dem Rücktritt von CEO Michael Snavely vakant wurde. Der Schritt ist strategisch zeitlich so gelegt, dass er Fragen der Nasdaq-Konformität anspricht, da das Unternehmen eine Abmeldung erhalten hat, weil es seine jährliche Hauptversammlung der Aktionäre für 2024 nicht abgehalten hat. Phunware hat einen Konformitätsplan bei Nasdaq eingereicht, der Dus Nominierung zur formalen Wahl als Direktor der Klasse III umfasst.
- Appointment of experienced 25-year corporate strategy executive to board
- Strategic move to address Nasdaq compliance issues
- Addition of M&A and business development expertise
- Ongoing Nasdaq delisting risk due to compliance issues
- Previous CEO resignation in October 2024
- Failure to hold required annual stockholder meeting in 2024
25-Year Corporate Strategy & Development Executive at Fortune 500 Consumer Brands to Advance Company’s New Strategic Growth Initiatives
AUSTIN, Texas, March 04, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), a leader in enterprise cloud solutions for mobile applications, announced today the appointment of Quyen Du to its Board of Directors as an independent director, effective February 28, 2025. Ms. Du will also serve on the Company’s Audit, Compensation and Nominating and Corporate Governance Committees.
Ms. Du brings 25 years’ experience in strategy and corporate development to the Company. Based in Texas, she is a recognized leader in finance, media and entertainment, recently serving as Head of Corporate Strategy & Development, Innovations and Research for Condé Nast (NYC). Ms. Du adds a depth of experience working in a wide range of roles across corporate strategy, finance and investments, business development, distribution and partnerships. Her previous experience includes her work for Fandom, Inc., one of the world’s largest entertainment fan community platforms, where she led corporate development and was responsible for driving acquisitive growth opportunities. Ms. Du also held various executive positions at NBC Universal, where she worked on transformative M&A deals, corporate digital strategy and new market entry initiatives, including across digital native, streaming, commerce, data, gaming and audio. She has also held a studio distribution planning position at Disney and a business development role at Showtime.
Ms. Du will serve as a Class III director and is filling a seat vacated in October 2024 as a result of the resignation of our then CEO Michael Snavely.
“Quyen has an impressive record of guiding strategic growth and adds tremendous insight to our Board across investments, M&A and new business development,” said interim CEO Stephen Chen. “The combined business and product strategy experience of our full Board today is a fundamental asset in guiding Phunware into the future. The Board and I welcome Quyen and look forward to together driving high growth revenue and profitability for our company and investors.”
Phunware Business Update on Nasdaq Delisting Notification
Ms. Du’s appointment is expected to satisfy Nasdaq Stock Market LLC (“Nasdaq”) continued listing requirements for audit committee service. The appointment of Ms. Du is also intended to facilitate planning of Phunware’s 2024 Annual Shareholder Meeting at which the Class III Director seat is to be filled. Nasdaq cited Phunware for non-compliance with continued listing rules due to its failure to hold an annual stockholders' meeting prior to fiscal year ended December 31, 2024. The Company in February submitted a compliance plan to Nasdaq setting forth steps it intends to take to address the issue, including nomination or Ms. Du for formal election to serve as the Class III director.
About Phunware
Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions with integrated intelligent capabilities. We provide businesses with the tools to create, implement, and manage custom mobile applications, analytics, digital advertising, and location-based services. Phunware is transforming mobile engagement by delivering scalable, personalized, and data-driven mobile app experiences.
Phunware’s mission is to achieve unparalleled connectivity and monetization through the widespread adoption of Phunware mobile technologies, leveraging brands, consumers, partners, digital asset holders, and market participants. Phunware is poised to expand its software products and services audience through its new Generative AI platform, utilize and monetize its patents and other intellectual property, and reintroduce its digital asset ecosystem for existing holders and new market participants.
For more information on Phunware, please visit www.phunware.com. To better understand and leverage generative AI and Phunware’s mobile app technologies, visit ai.phunware.com.
Safe Harbor / Forward-Looking Statements
This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” and similar expressions are intended to identify forward-looking statements. For example, Phunware is using forward-looking statements when it discusses the adoption and impact of emerging technologies and their use across mobile engagement platforms.
The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. These forward-looking statements involve risks, uncertainties, and other assumptions that may cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the SEC. We undertake no obligation to update any forward-looking statements.
By their nature, forward-looking statements involve risks and uncertainties. We caution you that forward-looking statements are not guarantees of future performance and that our actual results may differ materially from those expressed or implied by these forward-looking statements.
Investor Relations Contact:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
PHUN@mzgroup.us
www.mzgroup.us
Phunware Media Contact:
Joe McGurk, Managing Director
917-259-6895
PHUN@mzgroup.us
FAQ
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