Financial Executive Alex Mandel Joins Skillz’ Board of Directors

Rhea-AI Summary

Skillz (NYSE: SKLZ) announces the appointment of Alex Mandel, former CFO of The Influential Network Inc., to its Board of Directors. He replaces Vanna Mehta-Krantz, who is stepping down for other commitments. Mandel brings extensive financial experience, having previously held CFO positions at Fluent, Inc. (NASDAQ: FLNT) and LendingTree, Inc. (NASDAQ: TREE). His expertise is expected to support Skillz's growth strategy and enhance operations. CEO Andrew Paradise has expressed excitement about Mandel’s role in accelerating the company's trajectory toward profitability.

Positive

• Alex Mandel's extensive financial background and experience in user acquisition could provide valuable insights for Skillz.
• Mandel's previous success at LendingTree may influence a positive turnaround at Skillz as well.

Negative

• Vanna Mehta-Krantz's departure raises questions about continuity in the board's expertise.

Seasoned CFO Brings Financial Expertise to Skillz

SAN FRANCISCO--(BUSINESS WIRE)-- Skillz (NYSE: SKLZ), the leading mobile games platform bringing fair competition to players worldwide, today announced that Alex Mandel, Chief Financial Officer of The Influential Network Inc., has joined its Board of Directors. Mandel will serve on the Audit Committee of the Board. Mandel replaces Vanna Mehta-Krantz, who is stepping down to focus on other work commitments. Skillz is thankful for her contributions to the company during her tenure.

(Photo: Business Wire)

“We’re thrilled to welcome Alex Mandel to our board. His decades of financial experience, coupled with deep understanding of user acquisition, will be invaluable as we build the future of our company,” said Andrew Paradise, CEO of Skillz.

Mandel currently serves as Chief Financial Officer of The Influential Network Inc., a privately-held influencer marketing company. Prior to this, Mandel served as Chief Financial Officer of Fluent, Inc. (Nasdaq: FLNT), IAC Applications, and LendingTree, Inc. (Nasdaq: TREE). At LendingTree, he was credited with playing an essential role in the Company’s resurgence. Mandel also held the position of Managing Director at investment banking firms Centerview Partners, LLC and Bear, Stearns & Co. Inc. He received his Bachelor of Arts in economics from Tufts University and his Masters of Business Administration from Columbia Business School.

“I see incredible potential in Skillz as it defines an entire industry,” said Alex Mandel. “It’s a privilege to join Skillz’ Board of Directors at such a pivotal time in the company’s journey and to help accelerate its trajectory towards profitable growth.”

About Skillz Inc.

Skillz is the leading mobile games platform dedicated to bringing out the best in everyone through competition. The Skillz platform helps developers create multi-million dollar franchises by enabling social competition in their games. Leveraging its patented technology, Skillz hosts billions of casual esports tournaments for millions of mobile players worldwide, with the goal of building the home of competition for all. Skillz has earned recognition as one of Fast Company’s Best Workplaces for Innovators, CNBC’s Disruptor 50, Forbes’ Next Billion-Dollar Startups, Fast Company’s Most Innovative Companies, and the number-one fastest-growing company in America on the Inc. 5000. www.skillz.com

Source: Skillz Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230120005485/en/

press@skillz.com

Source: Skillz Inc.

FAQ

Who is the new board member of Skillz?

Alex Mandel has joined the Board of Directors at Skillz.

What is Alex Mandel's previous experience before joining Skillz?

Alex Mandel was previously the CFO at The Influential Network Inc., and has also held CFO roles at Fluent, Inc. and LendingTree, Inc.

Why did Vanna Mehta-Krantz leave the Skillz Board?

Vanna Mehta-Krantz stepped down to focus on other work commitments.

What is expected from Alex Mandel's appointment at Skillz?

Mandel's appointment is expected to enhance Skillz's financial strategies and growth potential as the company aims for profitability.