Sarah Fay Appointed Chair of Ziff Davis Board of Directors

Rhea-AI Summary

Ziff Davis (NASDAQ: ZD) has appointed Sarah Fay as the new Chair of the Board of Directors, effective immediately. She succeeds Richard Ressler, who retired after serving since 1997. Fay, a board member since 2018, is currently a Managing Director at Glasswing Ventures and has a strong background in digital marketing and media as the former CEO of Aegis Media North America. Fay expressed her commitment to continue delivering value through Ziff Davis' digital portfolio, emphasizing the company’s expertise in digital transformation.

Positive

• Sarah Fay's appointment as Chair brings fresh leadership and perspective.
• Fay's extensive experience in digital marketing can enhance Ziff Davis’ strategic direction.

Negative

• Richard Ressler's retirement may create continuity concerns due to his long tenure.

NEW YORK--(BUSINESS WIRE)-- Ziff Davis, Inc. (NASDAQ: ZD), today announced that Sarah Fay, who has served as a Board member since 2018, has been appointed Chair of the Ziff Davis Board of Directors, effective immediately. She replaces Richard Ressler, a Board member since 1997, who recently announced his retirement from the Ziff Davis Board and as its Chair.

“I am thrilled that Sarah is our new Chair. Her wisdom, perspective, and commitment to our company and its stakeholders is unmatched,” said Ziff Davis CEO Vivek Shah. “I also want to express my deep gratitude to Richard who has been a guiding force for our company since its beginnings and a valuable mentor to me.”

Fay is a Managing Director with Boston-based venture capital firm Glasswing Ventures. She formerly served as Chief Executive Officer of Aegis Media North America, a media and digital marketing communications company. Prior to this position, Fay served as President of Carat US and Isobar US. She is Co-Lead of the steering committee of All Raise’s Boston Chapter, on the Executive Board of the Ad Club of Boston, the Board of Boston’s Chamber of Commerce, and on the Board of The Massachusetts Innovation and Technology Exchange (MITX).

“I am excited to work closely with Vivek and the Board to continue Ziff Davis’ exceptional track record of creating value for its stakeholders,” said Fay. “Our portfolio of digital media and Internet brands is powerful and we are proven experts in digital transformation.”

About Ziff Davis

Ziff Davis (NASDAQ: ZD) is a vertically focused digital media and internet company whose portfolio includes leading brands in technology, entertainment, shopping, health, cybersecurity and martech. For more information, visit www.ziffdavis.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220510006112/en/

Rebecca Wright

Ziff Davis, Inc.

(212) 503-5247

investor@ziffdavis.com

Source: Ziff Davis, Inc.

FAQ

Who is the new Chair of Ziff Davis?

Sarah Fay has been appointed as the new Chair of the Ziff Davis Board of Directors.

What was Richard Ressler's role at Ziff Davis?

Richard Ressler served as a Board member and Chair since 1997 before announcing his retirement.

What experience does Sarah Fay bring to Ziff Davis?

Sarah Fay has a strong background in digital marketing, having served as the CEO of Aegis Media North America and is currently a Managing Director at Glasswing Ventures.

When did Sarah Fay start her role as Chair?

Sarah Fay's appointment as Chair of the Board of Directors was effective immediately upon announcement.

How does Sarah Fay plan to lead Ziff Davis?

Sarah Fay aims to work closely with the CEO and Board to continue Ziff Davis' track record of creating value for stakeholders.