Yext Announces Election of Mark Davis to its Board of Directors

Rhea-AI Summary

Yext (NYSE: YEXT) has elected Mark Davis to its Board of Directors, effective immediately. Davis, a seasoned executive with nearly four decades of expertise in auditing, accounting, and finance, will also join the audit committee. His extensive career includes advising Fortune 500 companies, privately held firms, and pre-IPO entities, with a notable history of guiding over 50 clients through IPOs and advising on corporate governance and acquisition strategies. CEO Michael Walrath expressed confidence in Davis's ability to contribute to Yext's mission of delivering long-term value. Davis's experience with Deloitte, particularly in the Emerging Growth Company sector and Deloitte Private, positions him as a valuable asset for Yext's continued growth and innovation.

Positive

• Mark Davis brings nearly four decades of experience in auditing, accounting, and finance.
• Davis has successfully guided over 50 clients through IPOs and advised on corporate governance and acquisition strategies.
• His appointment is expected to strengthen Yext's market position and support its focus on innovation and growth.

Negative

• The announcement does not provide specific financial metrics or immediate business impacts related to Davis's appointment.

Davis brings nearly four decades of experience in auditing, accounting, and finance

NEW YORK--(BUSINESS WIRE)-- Yext, Inc. (NYSE: YEXT), the leading digital presence platform for multi-location brands, today announced that Mark Davis has been elected to its board of directors at its 2024 Annual Meeting of Stockholders, effective immediately. Davis has also been appointed as a member of the audit committee. Davis brings nearly four decades of diverse management and executive leadership experience from his tenure as an Audit & Assurance partner at Deloitte & Touche LLP.

Throughout his career, Davis has been a trusted advisor to Fortune 500, privately held and pre-IPO companies, corporate boards and audit committees across a broad spectrum of industries. His extensive experience guiding over 50 clients through IPOs and advising on corporate governance and acquisition strategy positions him as a valuable addition to Yext’s leadership team.

“Mark has advised on numerous accounting and financial matters, helping companies navigate the next steps in their journeys and providing guidance on critical decisions,” said Michael Walrath, CEO and Chair of the Board for Yext. “We’re excited to welcome him to Yext’s Board of Directors, and are confident his contributions will help us continue to deliver long-term value to our customers and shareholders.”

In his roles at Deloitte, Davis has advised a diverse group of public and privately held companies ranging from middle market to large multinational companies. His leadership has contributed to the success of the Emerging Growth Company (EGC) business, which has increased substantially with many active clients. His go-to-market approach for the creation of Deloitte Private also helped establish Deloitte as a leader in the space.

“I’m excited to join the Yext team and bring my experience in audit, financial strategy, and corporate governance to support the company’s vision,” said Davis. “Yext’s focus on driving innovation for customers and commitment to accelerating growth aligns well with my areas of experience. I look forward to collaborating with the talented leadership team to further strengthen Yext’s market position.”

To learn more about Yext's corporate governance, visit investors.yext.com.

About Yext
Yext (NYSE: YEXT) is the leading digital presence platform for multi-location brands, with thousands of customers worldwide. With one central platform, brands can seamlessly deliver consistent, accurate, and engaging experiences and meaningfully connect with customers anywhere in the digital world. Yext’s AI and machine learning technology powers the knowledge behind every customer engagement, automates workflows at scale, and delivers actionable cross-channel insights that enable data-driven decisions. From SEO and websites to social media and reputation management, Yext enables brands to turn their digital presence into a differentiator. To learn more about Yext, visit Yext.com or find us on LinkedIn and X.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240702651348/en/

Investor Relations

ir@yext.com

Public Relations

pr@yext.com

Source: Yext, Inc.

FAQ

Who has been elected to the Yext Board of Directors in 2024?

Mark Davis has been elected to the Yext Board of Directors at the 2024 Annual Meeting of Stockholders.

What is the experience of Mark Davis, the new Yext Board member?

Mark Davis has nearly four decades of experience in auditing, accounting, and finance, having advised Fortune 500, privately held, and pre-IPO companies on corporate governance and acquisition strategies.

What role will Mark Davis play at Yext besides being on the Board of Directors?

Besides his role on the Board of Directors, Mark Davis will also join Yext's audit committee.

How might Mark Davis's appointment impact Yext's market position?

Mark Davis's extensive experience in financial strategy, audit, and corporate governance is expected to strengthen Yext's market position and support its focus on innovation and growth.