STOCK TITAN

Sprout Social Names Mike Wolff as Chief Revenue Officer

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

Sprout Social (Nasdaq: SPT) has appointed Mike Wolff as Chief Revenue Officer, effective September 2, 2024. Wolff will oversee Sprout's global Sales, Success, and Partnerships organization, focusing on continued global growth and expansion of the company's innovative offerings. With over 20 years of experience, Wolff previously served as Chief Revenue Officer at Salesforce.org and led Salesforce's Global ISV team. During his 22-year career at Salesforce, he played a key role in scaling the company from less than $50M to $34.9B in annual revenue.

Wolff expressed enthusiasm for helping businesses leverage social media for smarter, faster business impact. Ryan Barretto, President and incoming CEO of Sprout Social, highlighted Wolff's exceptional track record and ability to build high-performing teams as assets for driving growth and efficiency goals while investing in impactful technology partnerships.

Sprout Social (Nasdaq: SPT) ha nominato Mike Wolff come Chief Revenue Officer, a partire dal 2 settembre 2024. Wolff supervisionerà l'organizzazione globale Sales, Success e Partnerships di Sprout, concentrandosi sulla crescita globale continua e sull'espansione delle offerte innovative dell'azienda. Con oltre 20 anni di esperienza, Wolff ha precedentemente ricoperto il ruolo di Chief Revenue Officer presso Salesforce.org e ha guidato il team Global ISV di Salesforce. Durante la sua carriera di 22 anni in Salesforce, ha giocato un ruolo chiave nel far crescere l'azienda da meno di 50 milioni di dollari a 34,9 miliardi di dollari di fatturato annuale.

Wolff ha espresso entusiasmo nell'aiutare le aziende a sfruttare i social media per un impatto aziendale più intelligente e veloce. Ryan Barretto, Presidente e futuro CEO di Sprout Social, ha messo in evidenza l'eccezionale track record di Wolff e la sua capacità di costruire team ad alte prestazioni come risorse fondamentali per guidare obiettivi di crescita ed efficienza, investendo anche in partnership tecnologiche di impatto.

Sprout Social (Nasdaq: SPT) ha nombrado a Mike Wolff como Director de Ingresos, a partir del 2 de septiembre de 2024. Wolff supervisará la organización global de Ventas, Éxito y Alianzas de Sprout, enfocándose en el crecimiento global continuo y la expansión de las ofertas innovadoras de la empresa. Con más de 20 años de experiencia, Wolff se desempeñó anteriormente como Director de Ingresos en Salesforce.org y lideró el equipo Global ISV de Salesforce. Durante su carrera de 22 años en Salesforce, desempeñó un papel clave en escalar la empresa de menos de 50 millones de dólares a 34.9 mil millones de dólares en ingresos anuales.

Wolff expresó su entusiasmo por ayudar a las empresas a aprovechar las redes sociales para lograr un impacto empresarial más inteligente y rápido. Ryan Barretto, Presidente y próximo CEO de Sprout Social, destacó el excepcional historial de Wolff y su capacidad para construir equipos de alto rendimiento como activos para lograr objetivos de crecimiento y eficiencia, mientras invierte en alianzas tecnológicas impactantes.

Sprout Social (Nasdaq: SPT)는 Mike Wolff를 최고 수익 책임자로 임명했으며, 2024년 9월 2일부터 효력을 발휘합니다. Wolff는 Sprout의 글로벌 판매, 성공 및 파트너십 조직을 감독하며 지속적인 글로벌 성장과 회사의 혁신적인 제안의 확장에 중점을 둡니다. 20년 이상의 경험을 가진 Wolff는 이전에 Salesforce.org의 최고 수익 책임자 역할을 수행했으며 Salesforce의 Global ISV 팀을 이끌었습니다. Salesforce에서 22년의 경력 동안 그는 회사를 5천만 달러 미만에서 연간 수익 349억 달러로 확장하는 데 중요한 역할을 했습니다.

Wolff는 기업들이 소셜 미디어를 활용하여 더 스마트하고 빠른 비즈니스 영향을 미칠 수 있도록 돕는 데 대한 열정을 표현했습니다. Sprout Social의 대통령이자 차기 CEO인 Ryan Barretto는 Wolff의 탁월한 실적과 고성과 팀을 구축하는 능력을 성장 및 효율성 목표를 달성하고 영향력 있는 기술 파트너십에 투자하는 자산으로 강조했습니다.

Sprout Social (Nasdaq: SPT) a nommé Mike Wolff au poste de Directeur des Revenus, à compter du 2 septembre 2024. Wolff supervisera l'organisation mondiale des Ventes, du Succès et des Partenariats de Sprout, en se concentrant sur la croissance mondiale continue et l'expansion des offres innovantes de l'entreprise. Fort de plus de 20 ans d'expérience, Wolff a précédemment exercé la fonction de Directeur des Revenus chez Salesforce.org et a dirigé l'équipe ISV mondiale de Salesforce. Au cours de sa carrière de 22 ans chez Salesforce, il a joué un rôle clé dans la croissance de l'entreprise, passant de moins de 50 millions de dollars à 34,9 milliards de dollars de chiffre d'affaires annuel.

Wolff a exprimé son enthousiasme à aider les entreprises à tirer parti des médias sociaux pour un impact commercial plus intelligent et rapide. Ryan Barretto, Président et futur PDG de Sprout Social, a souligné l'exceptionnel parcours de Wolff et sa capacité à constituer des équipes performantes comme atouts pour atteindre les objectifs de croissance et d'efficacité, tout en investissant dans des partenariats technologiques significatifs.

Sprout Social (Nasdaq: SPT) hat Mike Wolff zum Chief Revenue Officer ernannt, der am 2. September 2024 seinen Dienst antreten wird. Wolff wird die globale Verkaufs-, Erfolg- und Partnerschaftsorganisation von Sprout leiten und sich auf das kontinuierliche globale Wachstum und die Expansion der innovativen Angebote des Unternehmens konzentrieren. Mit über 20 Jahren Erfahrung war Wolff zuvor Chief Revenue Officer bei Salesforce.org und leitete das globale ISV-Team von Salesforce. Während seiner 22-jährigen Karriere bei Salesforce spielte er eine Schlüsselrolle beim Wachstum des Unternehmens von weniger als 50 Millionen Dollar auf 34,9 Milliarden Dollar Jahresumsatz.

Wolff äußerte seine Begeisterung dafür, Unternehmen dabei zu helfen, soziale Medien für schnellere und intelligentere geschäftliche Auswirkungen zu nutzen. Ryan Barretto, Präsident und zukünftiger CEO von Sprout Social, hob Wolffs außergewöhnliche Erfolgsbilanz und seine Fähigkeit, leistungsstarke Teams aufzubauen, als wertvolle Eigenschaften hervor, um Wachstums- und Effizienzziele zu erreichen, während er in bedeutende Technologiepartnerschaften investiert.

Positive
  • Appointment of experienced Chief Revenue Officer with 20+ years in global sales and technology
  • New CRO's track record of scaling Salesforce from $50M to $34.9B in annual revenue
  • Focus on global growth and expansion of innovative offerings
  • Potential for improved sales performance and technology partnerships
Negative
  • None.

CHICAGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced the appointment of Mike Wolff to Chief Revenue Officer, effective September 2, 2024. As Chief Revenue Officer, Wolff will oversee Sprout’s global Sales, Success and Partnerships organization. He will focus on the continued global growth and expansion of Sprout’s innovative offerings.

Wolff brings more than 20 years of experience leading global sales and technology organizations. He recently served as Chief Revenue Officer of Salesforce.org, where he led the company’s global sales and solution engineering teams. Prior to that, he led Salesforce’s Global ISV team which is responsible for recruiting, building and growing impactful technology partnerships that drive Salesforce differentiation and deliver growth, customer success, and innovation. Over the course of Wolff’s 22-year Salesforce career, he has been a key leader in helping the company scale from less than $50M to $34.9B in annual revenue. During that time, he’s built and scaled high-performing global sales teams serving customers of all sizes, industries, and geographies.

“Social media has revolutionized the way consumers discover, engage and connect with brands,” said Wolff. “I’m thrilled to help the Sprout team scale towards growth goals while helping businesses unlock smarter, faster business impact from social. I’m excited to deliver exceptional value to customers with the #1 customer rated product in software.”

“Mike is an unparalleled go-to-market leader and we are excited to welcome him to the Sprout team,” said Ryan Barretto, President and incoming CEO, Sprout Social. “His history of delivering exceptional results and ability to build high-performing teams will help us drive towards our growth and efficiency goals while investing in impactful technology partnerships. I look forward to the insights, impact and vision he’ll bring during our next stage of growth.”

About Sprout Social
Sprout Social is a global leader in social media management and analytics software. Sprout’s intuitive platform puts powerful social data into the hands of more than 30,000 brands so they can deliver smarter, faster business impact. Named the #1 Best Software Product by G2’s 2024 Best Software Award, Sprout offers comprehensive publishing and engagement functionality, customer care, influencer marketing, advocacy, and AI-powered business intelligence. Sprout’s software operates across all major social media networks and digital platforms. For more information about Sprout Social (NASDAQ: SPT), visit sproutsocial.com.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “explore,” “intend,” “long-term model,” “may,” “might” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “strategy,” “target,” “will,” “would,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. These statements may relate to our market size and growth strategy, our estimated and projected costs, margins, revenue, expenditures and customer and financial growth rates, our plans and objectives for future operations, growth, initiatives or strategies. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the forward-looking statements. These assumptions, uncertainties and risks include that, among others: we may not be able to sustain our revenue and customer growth rate in the future; price increases have and may continue to negatively impact demand for our products, customer acquisition and retention and reduce the total number of customers or customer additions; our business would be harmed by any significant interruptions, delays or outages in services from our platform, our API providers, or certain social media platforms; if we are unable to attract potential customers through unpaid channels, convert this traffic to free trials or convert free trials to paid subscriptions, our business and results of operations may be adversely affected; we may be unable to successfully enter new markets, manage our international expansion and comply with any applicable international laws and regulations; we may be unable to integrate acquired businesses or technologies successfully or achieve the expected benefits of such acquisitions and investments; unstable market and economic conditions, such as recession risks, effects of inflation, labor shortages, supply chain issues, high interest rates, and the impacts of current and potential future bank failures and impacts of ongoing overseas conflicts, could adversely impact our business and that of our existing and prospective customers, which may result in reduced demand for our products; we may not be able to generate sufficient cash to service our indebtedness; covenants in our credit agreement may restrict our operations, and if we do not effectively manage our business to comply with these covenants, our financial condition could be adversely impacted; any cybersecurity-related attack, significant data breach or disruption of the information technology systems or networks on which we rely could negatively affect our business; and changing regulations relating to privacy, information security and data protection could increase our costs, affect or limit how we collect and use personal information and harm our brand. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on February 23, 2024, as well as any future reports that we file with the SEC. Moreover, you should interpret many of the risks identified in those reports as being heightened as a result of the current instability in market and economic conditions. Forward-looking statements speak only as of the date the statements are made and are based on information available to Sprout Social at the time those statements are made and/or management's good faith belief as of that time with respect to future events. Sprout Social assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

Social Media Profiles:
www.twitter.com/SproutSocial
www.twitter.com/SproutSocialIR
www.facebook.com/SproutSocialInc
www.linkedin.com/company/sprout-social-inc-/
www.instagram.com/sproutsocial

Contact
Media:
Layla Revis
Email: pr@sproutsocial.com
Phone: (866) 878-3231

Investors:
Jason Rechel
Twitter: @SproutSocialIR
Email: jason.rechel@sproutsocial.com
Phone: (312) 528-9166


FAQ

Who is the new Chief Revenue Officer of Sprout Social (SPT)?

Mike Wolff has been appointed as the new Chief Revenue Officer of Sprout Social (SPT), effective September 2, 2024.

What is Mike Wolff's background before joining Sprout Social (SPT)?

Mike Wolff previously served as Chief Revenue Officer at Salesforce.org and led Salesforce's Global ISV team. He has over 20 years of experience in global sales and technology organizations.

What will be Mike Wolff's responsibilities at Sprout Social (SPT)?

As Chief Revenue Officer, Mike Wolff will oversee Sprout Social's global Sales, Success, and Partnerships organization, focusing on continued global growth and expansion of the company's innovative offerings.

When will Mike Wolff start his role as Chief Revenue Officer at Sprout Social (SPT)?

Mike Wolff will start his role as Chief Revenue Officer at Sprout Social (SPT) on September 2, 2024.

Sprout Social, Inc

NASDAQ:SPT

SPT Rankings

SPT Latest News

SPT Stock Data

1.88B
50.12M
1.65%
106.1%
9.17%
Software - Application
Services-prepackaged Software
Link
United States of America
CHICAGO