STOCK TITAN

Semrush Appoints New Leaders to Support Rapid Growth

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary

Semrush (NYSE: SEMR) has appointed Eugene Levin as President and Vitalii Obishchenko as Chief Operating Officer, effective immediately. Levin, who has been with Semrush since 2016, will shape the company's strategic direction, while Obishchenko, with the firm since 2011, will manage daily operations. Oleg Shchegolev continues as CEO and a Director. This leadership change aims to strengthen Semrush's growth strategy and enhance operational efficiency, reflecting the company’s commitment to its expansion and innovative initiatives.

Positive
  • Leadership stability with experienced individuals in key positions.
  • Eugene Levin's proven track record in driving growth at Semrush.
  • Vitalii Obishchenko's background in product development could lead to enhanced operational effectiveness.
Negative
  • None.

BOSTON--(BUSINESS WIRE)-- Semrush (NYSE: SEMR), a leading online visibility management SaaS platform, has named Eugene Levin, who has been with Semrush since 2016, to President, and Vitalii Obishchenko, who has been with the company since 2011, to Chief Operating Officer, effective as of today. Oleg Shchegolev, Semrush’s existing CEO, President and member of its Board of Directors will remain in his role as CEO and continue to serve as a Director, while Dmitry Melnikov, Semrush’s existing COO and member of the Board of Directors, will continue to serve as a Director. Both Levin and Obishchenko will report to Shchegolev.

In Levin’s expanded role as President, he will further define Semrush’s strategic direction and oversee its global product offerings, in collaboration with leaders from across the organization. Meanwhile, Obishchenko will oversee Semrush’s day-to-day operational functions and design innovative operating models to execute its growth strategy.

“As we continue on our path of expansion, we want to ensure we have the right talent in place to lead us to success,” said Shchegolev. “Eugene has done great work driving key initiatives that have contributed to our momentous growth, such as building our metrics framework. Experimentation and A/B testing are part of our DNA, and this framework has played a major role in helping us drive more testing, make complex decisions and find deeper understanding of how our customers use our products.”

“Vitalii started as an engineer within Semrush, assuming the role of Chief Product Officer in 2015. Under his leadership, we have greatly expanded our online visibility offering, and the product division is now the largest in the company. We will look to Vitalii to extend this executional experience to the whole business,” added Shchegolev. "We thank Dmitry for his transformative contributions as COO, and look forward to his continued strategic oversight as Director.”

“We at Semrush are on a bold mission to build a platform that helps businesses of any size grow, improve their online visibility, and learn new marketing skills,” said Levin. “I am thrilled and humbled to take on this new role as President, and drive new opportunities and gains for Semrush and our community.”

About Semrush

Semrush is a leading online visibility management SaaS platform that enables businesses globally to run search engine optimization, pay-per-click, content, social media and competitive research campaigns and get measurable results from online marketing. Semrush offers insights and solutions for companies to build, manage, and measure campaigns across various marketing channels. Semrush, with over 87,000 paying customers, is headquartered in Boston and has offices in Philadelphia, Trevose, Austin, Dallas, Amsterdam, Barcelona, Belgrade, Berlin, Limassol, Prague, St. Petersburg, Warsaw, and Yerevan.

INVESTOR:

Bob Gujavarty

Semrush Holdings, Inc

bobby.gujavarty@semrush.com

MEDIA:

pr@semrush.com

Semrush Holdings, Inc.

Source: Semrush Holdings, Inc.

FAQ

Who are the new executives appointed at Semrush?

Eugene Levin is appointed as President and Vitalii Obishchenko as Chief Operating Officer.

What positions do Oleg Shchegolev and Dmitry Melnikov hold after the management change?

Oleg Shchegolev remains CEO and a Director, while Dmitry Melnikov continues as a Director.

What will Eugene Levin's role entail as President of Semrush?

He will define Semrush's strategic direction and oversee global product offerings.

What responsibilities will Vitalii Obishchenko have as COO?

He will manage day-to-day operations and shape innovative operating models.

What is Semrush's focus under the new leadership team?

The focus is on expansion, operational efficiency, and enhancing online visibility for businesses.

SEMrush Holdings, Inc.

NYSE:SEMR

SEMR Rankings

SEMR Latest News

SEMR Stock Data

1.94B
123.37M
63.97%
51.11%
0.91%
Software - Application
Services-prepackaged Software
Link
United States of America
BOSTON