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Wejo Announces Resignation of Diarmid Ogilvy from Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
management
Rhea-AI Summary
Wejo Group Limited (NASDAQ: WEJO) has announced the resignation of Diarmid Ogilvy from its Board of Directors, effective February 28, 2023. Ogilvy, a co-founder and significant shareholder, contributed greatly to the company through his investment experience and entrepreneurial spirit. CEO Richard Barlow praised his influence during Wejo's formative years, emphasizing the company's strategic partnerships with major firms like General Motors and Microsoft. As Wejo continues to innovate in Smart Mobility solutions, Ogilvy plans to pursue other interests while remaining a supporter of the company's vision.
Positive
Diarmid Ogilvy's resignation opens opportunities for new leadership and fresh perspectives.
Ogilvy's legacy includes establishing Wejo as a leader in Smart Mobility, enhancing its market position.
Negative
Ogilvy's departure may lead to concerns about continuity and experience on the Board.
MANCHESTER, England & NEW YORK--(BUSINESS WIRE)--
Wejo Group Limited (NASDAQ: WEJO) (“Wejo” or the “Company”), a global leader in Smart Mobility for Good™ and cloud and software analytics for connected, electric and autonomous vehicle data, announced that Diarmid Ogilvy has resigned for personal reasons from the Company’s Board of Directors (the “Board”), effective February 28, 2023.
“Diarmid has been highly influential over the years at Wejo, particularly through his investment experience in both the public and private equity markets," said Richard Barlow, CEO and co-founder of Wejo. “The early days of founding any tech business in the world are challenging. Diarmid’s entrepreneurial spirit and fervor for investing in fast-growing companies across a variety of sectors have helped differentiate the Company and guide its strategic direction. On behalf of the Board and the entire Wejo team, we are immensely grateful to Diarmid for his leadership and the tremendous value he has added over the years. We will work diligently to continue positioning the Company he helped grow for long-term success.”
Diarmid Ogilvy stated, “Richard and I founded Wejo nearly ten years ago when I became a seed investor. I could not be prouder of the Company it is today and the journey we have traveled. Our strategic vision was to build a global leader in the Smart Mobility space and Wejo is now extremely well-positioned, partnering with some of the largest and most advanced businesses in the world, including General Motors, Microsoft, Palantir, and Sompo. I am delighted to have worked alongside such a driven leadership team and Board to execute upon that vision. As I step away and pursue other opportunities, dividing my time between business and charity interests, I remain a significant shareholder and will continue to be a huge cheerleader for Wejo, its ambitions, and the contribution it is making to advance the future of Smart Mobility.”
Investors and stakeholders should note that Wejo currently announces material information using SEC filings, press releases, public conference calls, and webcasts. In the future, Wejo will continue to use these channels to distribute material information about the Company and may also utilize its website and/or various social media platforms to communicate important information about the Company, key personnel, updated brands and services, trends, novel marketing campaigns, corporate initiatives, and other matters. Information that the Company posts on its website or on social media channels could be deemed material; therefore, the Company encourages investors, the media, our customers, business partners, and other stakeholders interested in Wejo to review the information posted on its website, as well as the following social media platforms: LinkedIn, Twitter, and Instagram.
About Wejo
Wejo Group Limited is a global leader in cloud and software analytics for connected, electric, and autonomous mobility, revolutionizing the way we live, work, and travel by transforming and interpreting historic and real-time vehicle data. Wejo enables smarter mobility by organizing trillions of data points from 20.8 million vehicles, of which 13.9 million were active on the platform transmitting data in near real-time, and over 94.6 billion journeys globally as of December 31, 2022, across multiple brands, makes and models, and then standardizing and enhancing those streams of data on a vast scale. Wejo partners with ethical, like-minded companies and organizations to turn that data into insights that unlock value for consumers. With the most comprehensive and trusted data, information, and intelligence, Wejo is creating a smarter, safer, more sustainable world for all. Founded in 2014, Wejo has offices in Manchester, UK and in regions where Wejo does business around the world. For more information, visit www.wejo.com or connect with us on LinkedIn, Twitter, and Instagram.
