Joe Del Preto Joins Similarweb Board of Directors

Rhea-AI Summary

Similarweb (NYSE: SMWB) has appointed Joe Del Preto, a seasoned executive with substantial experience in SaaS marketing solutions, to its board of directors. His expertise includes previous roles as CFO at Sprout Social and Global Controller at Groupon. CEO Or Offer emphasized Del Preto's capability to help drive Similarweb's mission to enhance digital business growth. This leadership change comes at a pivotal time for the company, enhancing its strategic direction as it continues to support businesses navigating digital markets.

Positive

• Appointment of Joe Del Preto brings extensive experience in SaaS marketing solutions.
• Del Preto's background as CFO at Sprout Social may foster financial stability and growth.
• Leadership change expected to enhance strategic direction and support for digital business growth.

Negative

• No significant prior experience on a board may raise concerns about governance.

TEL AVIV, Israel--(BUSINESS WIRE)-- Similarweb (NYSE: SMWB), a leading digital intelligence company, today announced the appointment of veteran social media executive Joe Del Preto to its board of directors, effective immediately.

"Joe is joining the Similarweb board at a time of strong momentum in our business,” said Or Offer, CEO, Similarweb. “His breadth and depth of experience in SaaS-based marketing solutions, combined with his demonstrated ability to lead and scale fast-paced organizations, will be invaluable to Similarweb as we continue to expand and realize our mission to help our customers grow their digital business.”

Mr. Del Preto has served as Chief Financial Officer and Treasurer of publicly traded Sprout Social (NASDAQ: SPT) since July 2017. Prior to Sprout Social, Mr. Del Preto was the Global Controller for Groupon, Inc. and served as Vice President of Finance of Echo Global Logistics Inc. Mr. Del Preto began his career at PricewaterhouseCoopers LLP. He holds a Bachelor’s degree in Accounting from the University of Indiana, Bloomington, and is a Certified Public Accountant.

"Today, digital markets are the primary driver of growth for most companies,” Mr. Del Preto explained. "Similarweb helps companies drive digital-first growth by equipping them with the data and insights they need to succeed online. It’s an honor to join Similarweb’s board of directors and become part of the team.”

About Similarweb:

As the most trusted platform for understanding online behavior, millions of people use Similarweb’s insights daily to strengthen their knowledge of the digital world. We empower anyone — from the curious individual to the enterprise business leader — to make smarter decisions by understanding why things happen across the digital ecosystem. Learn more here: https://www.similarweb.com/corp/about/

This press release may contain certain "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect our current views regarding our intentions, products, services, plans, expectations, strategies and prospects, which are based on information currently available to us and assumptions we have made. Actual results may differ materially from those described in such forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control, including those described in our Securities and Exchange Commission filings and reports including the final prospectus for our initial public offering filed with the Securities and Exchange Commission on May 11, 2021, as well as subsequent and future filings and reports by us. Except as required by law, we undertake no duty to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220113005189/en/

Press Contact:

Richard Krueger

Similarweb

press@similarweb.com

Investor Contact:

Alex Wellins

The Blueshirt Group, for Similarweb

ir@similarweb.com

Source: Similarweb

FAQ

Who is Joe Del Preto and what is his role at Similarweb?

Joe Del Preto is a newly appointed board member at Similarweb, bringing extensive experience in SaaS marketing solutions.

What experience does Joe Del Preto have before joining Similarweb?

Del Preto served as CFO at Sprout Social and held key finance positions at Groupon and Echo Global Logistics.

How will Joe Del Preto's appointment impact Similarweb (NYSE: SMWB)?

His experience is expected to strengthen Similarweb's leadership and help enhance its growth strategy in digital markets.