Weave Adds George Scanlon to Board of Directors

Rhea-AI Summary

Weave (NYSE: WEAV) has announced the election of George Scanlon to its Board of Directors. With over 12 years of experience in corporate governance and a robust finance background, Scanlon is expected to enhance Weave's operational capabilities. He has previously served as CFO at various tech companies and will also be part of the Audit Committee. This leadership change follows Weave's strong Q1 performance, reporting $33.3 million in total revenue, a 30% year-over-year increase.

Positive

• Election of George Scanlon to the Board of Directors brings extensive governance and financial expertise.
• Scanlon's prior experience in technology and finance may strengthen Weave's operational framework.
• Q1 revenue reached $33.3 million, up 30% year-over-year, indicating strong growth momentum.

Negative

• None.

Experienced CFO & SaaS leader joins Weave’s Board as independent Director

LEHI, Utah--(BUSINESS WIRE)-- Weave (NYSE: WEAV), the all-in-one customer communication platform for small business, today announced the election of George Scanlon to its Board of Directors.

George Scanlon (Photo: Business Wire)

Scanlon brings over 12 years of experience on the boards of multiple companies, including benefits administrator Wageworks, transportation & logistics service provider Landstar and financial technology partner Cyndx. Prior to his board work, Scanlon served as CFO at multiple technology and financial services companies, as well as serving as CEO of Fidelity National Financial.

“George and I have served on two Boards together previously, Ceridian and Wageworks. In both instances the companies achieved superior results,” said Stuart Harvey, Board Chairman. “George’s influence and experience in corporate governance, compliance, financial reporting, and integrating new products and acquisitions will undoubtedly add value to Weave for years to come.”

Scanlon was also named a member of the Audit Committee, where he will bring his more than two decades of CFO experience to the financial reporting and controls of Weave, alongside his expertise in investor communications.

“I’m proud to be joining the impressive board at Weave,” Scanlon said. “The fundamentals of the business and the growth opportunity in the space are compelling. In fact, my own periodontist office uses Weave to communicate with its patients. I’ve witnessed firsthand how the communications platform helps offices save time and operate more efficiently. That’s an exciting business to be a part of.”

This addition follows months of positive momentum for Weave, reporting its first quarter total revenue of $33.3 million in May, up 30% year-over-year.

About Weave

Weave is the all-in-one customer communications and engagement platform for small business. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire customer journey. Weave’s software solutions transform how local businesses attract, communicate with and engage customers to grow their business. The first Utah company to join Y Combinator, Weave has set the bar for Utah startup achievement & work culture. In the past year, Weave has been included in the Forbes Cloud 100, Inc. 5000 fastest-growing companies in America, and was certified as a Great Place to Work. To learn more, visit www.getweave.com/newsroom/

View source version on businesswire.com: https://www.businesswire.com/news/home/20220623005809/en/

Kali Geldis

Director of Communications, Weave

pr@getweave.com

Source: Weave

FAQ

Who is George Scanlon and what is his role at Weave?

George Scanlon has been elected to Weave's Board of Directors and is a member of the Audit Committee, bringing significant finance and corporate governance experience.

What impact might George Scanlon have on Weave's operations?

George Scanlon's extensive experience in corporate governance and finance is expected to enhance Weave's operational efficiencies and financial reporting.

What were Weave's revenue results for Q1?

Weave reported total revenue of $33.3 million for the first quarter, a 30% increase compared to the previous year.

When was George Scanlon elected to Weave's Board?

George Scanlon was elected to Weave's Board of Directors as announced in the recent press release.

How does Scanlon's experience relate to Weave's business?

George Scanlon's background as CFO and board member at various companies aligns with Weave's focus on enhancing financial operations and governance.