ZoomInfo Announces Board of Directors Appointments
ZoomInfo (NASDAQ: ZI) has announced changes to its Board of Directors, effective August 6, 2024. Domenic Maida and Owen Wurzbacher have been appointed as independent directors, while Todd Crockett has stepped down. Maida will serve on the Privacy, Security, and Technology Committee, and Wurzbacher on the Nominating and Corporate Governance and Compensation Committees.
CEO Henry Schuck expressed confidence in the new appointees' expertise, particularly in relation to ZoomInfo Copilot and AI initiatives. Maida highlighted ZoomInfo's growth potential with its AI-powered suite, while Wurzbacher emphasized the company's competitive position and focus on customer satisfaction and free cash flow growth. The Board now comprises nine directors, with eight being independent.
ZoomInfo (NASDAQ: ZI) ha annunciato cambiamenti nel suo Consiglio di Amministrazione, a partire dal 6 agosto 2024. Domenic Maida e Owen Wurzbacher sono stati nominati come amministratori indipendenti, mentre Todd Crockett si è dimesso. Maida farà parte del Comitato per la Privacy, Sicurezza e Tecnologia, mentre Wurzbacher sarà nel Comitato per le Nomine, Governance Aziendale e Compensazioni.
Il CEO Henry Schuck ha espresso fiducia nelle competenze dei nuovi membri, in particolare in relazione a ZoomInfo Copilot e iniziative AI. Maida ha sottolineato il potenziale di crescita di ZoomInfo con la sua suite alimentata da AI, mentre Wurzbacher ha evidenziato la posizione competitiva dell'azienda e l'attenzione alla soddisfazione del cliente e alla crescita del flusso di cassa libero. Il Consiglio ora è composto da nove membri, di cui otto indipendenti.
ZoomInfo (NASDAQ: ZI) ha anunciado cambios en su Consejo de Administración, efectivos a partir del 6 de agosto de 2024. Domenic Maida y Owen Wurzbacher han sido nombrados directores independientes, mientras que Todd Crockett ha renunciado. Maida formará parte del Comité de Privacidad, Seguridad y Tecnología, mientras que Wurzbacher estará en los Comités de Nominaciones, Gobernanza Corporativa y Compensación.
El CEO Henry Schuck expresó confianza en la experiencia de los nuevos nombramientos, particularmente en relación con ZoomInfo Copilot e iniciativas de IA. Maida destacó el potencial de crecimiento de ZoomInfo con su suite impulsada por IA, mientras que Wurzbacher enfatizó la posición competitiva de la empresa y el enfoque en la satisfacción del cliente y el crecimiento del flujo de caja libre. El Consejo ahora está compuesto por nueve directores, de los cuales ocho son independientes.
ZoomInfo (NASDAQ: ZI)는 2024년 8월 6일부터 발효되는 이사회의 변화를 발표했습니다. 도메닉 마이다와 오웬 우르즈바커가 독립 이사로 임명되었고, 토드 크로켓은 사임했습니다. 마이다는 개인정보 보호, 보안 및 기술 위원회에 참여하고, 우르즈바커는 지명 및 기업 거버넌스 및 보상 위원회에서 활동합니다.
최고 경영자 헨리 슈크는 새로운 임원의 전문성에 대한 신뢰를 표명하며, 특히 ZoomInfo Copilot 및 AI 이니셔티브와 관련하여 강한 믿음을 나타냈습니다. 마이다는 AI 기반의 도구를 통해 ZoomInfo의 성장 잠재력을 강조하고, 우르즈바커는 회사의 경쟁적인 위치와 고객 만족 및 자유 현금 흐름 성장에 초점을 맞추고 있다고 강조했습니다. 지금 이사회는 9명의 이사로 구성되어 있으며, 그중 8명이 독립적입니다.
ZoomInfo (NASDAQ: ZI) a annoncé des changements au sein de son Conseil d'administration, effectifs à partir du 6 août 2024. Domenic Maida et Owen Wurzbacher ont été nommés administrateurs indépendants, tandis que Todd Crockett a démissionné. Maida siégera au Comité de confidentialité, de sécurité et de technologie, tandis que Wurzbacher sera au sein des Comités de nomination, de gouvernance d'entreprise et de rémunération.
Le PDG Henry Schuck a exprimé sa confiance dans l'expertise des nouvelles nominations, notamment en ce qui concerne ZoomInfo Copilot et les initiatives d'IA. Maida a souligné le potentiel de croissance de ZoomInfo avec sa suite alimentée par l'IA, tandis que Wurzbacher a mis l'accent sur la position concurrentielle de l'entreprise et l'importance accordée à la satisfaction client et à la croissance des flux de trésorerie libres. Le Conseil compte désormais neuf directeurs, dont huit sont indépendants.
ZoomInfo (NASDAQ: ZI) hat Änderungen im Vorstand bekannt gegeben, die am 6. August 2024 in Kraft treten. Domenic Maida und Owen Wurzbacher wurden als unabhängige Direktoren ernannt, während Todd Crockett zurückgetreten ist. Maida wird im Ausschuss für Datenschutz, Sicherheit und Technologie tätig sein, während Wurzbacher in den Ausschüssen für Nominierungen, Unternehmensführung und Vergütung sitzt.
CEO Henry Schuck äußerte Vertrauen in die Expertise der neuen Mitglieder, insbesondere im Hinblick auf ZoomInfo Copilot und KI-Initiativen. Maida hob das Wachstumspotenzial von ZoomInfo mit seiner KI-gestützten Suite hervor, während Wurzbacher die wettbewerbsfähige Position des Unternehmens und den Fokus auf Kundenzufriedenheit sowie das Wachstum des freien Cashflows betonte. Der Vorstand besteht jetzt aus neun Direktoren, von denen acht unabhängig sind.
- Appointment of two new independent directors with relevant expertise
- Focus on AI and ZoomInfo Copilot initiatives for growth
- Emphasis on operational initiatives for long-term growth and profitability
- Strong competitive position and compelling product suite highlighted by new director
- Resignation of a board member, potentially affecting continuity
Domenic Maida and Owen Wurzbacher Appointed as Independent Directors
Todd Crockett Steps Down From Board of Directors
Henry Schuck, ZoomInfo founder, chairman and CEO, said, “We are pleased to welcome Dom and Owen to our Board of Directors. Both bring impressive experience and expertise that will complement the Board’s skills as we focus on our operational initiatives, including the significant opportunities we see with ZoomInfo Copilot and AI, and position the company for long-term growth and profitability.”
Mr. Maida commented, “I believe that ZoomInfo has tremendous growth potential as it harnesses the power of ZoomInfo Copilot. As a product and technology executive, I am impressed with ZoomInfo’s AI-powered suite of services. It’s an exciting time to join the company, and I look forward to bringing my insights to the Board.”
Mr. Wurzbacher commented, “It is an honor to join the ZoomInfo Board and to support Henry and his team. I believe ZoomInfo has a strong competitive position, a compelling product suite, and a highly cash generative business model. I am confident the company’s best days lie ahead and specifically that its heightened focus on both delighting customers and growing free cash flow per share will create enormous value for shareholders from here. All public companies must compete hard to earn the trust and capital of high-quality shareholders. Going forward, through disciplined and consistent execution, I expect and intend for ZoomInfo to compete very well.”
With these appointments, ZoomInfo’s Board of Directors comprises nine directors, eight of whom are independent.
About Domenic Maida
Domenic Maida has an impressive track record spanning nearly three decades, marked by his contributions as a global executive in data, sales, product development, and technology.
As Bloomberg’s Chief Data Officer from 2013 to 2021, Domenic was instrumental in revolutionizing global data operations through constant innovation. His 25+-year tenure at Bloomberg also included leadership of its flagship product, the “Bloomberg Terminal,” from 2008 to 2012, and several key leadership roles prior to that. Since 2022, Domenic has been a Senior Advisor at Boston Consulting Group, where he consults on data, technology, and product strategies. He received a BS in Mechanical Engineering from Johns Hopkins University.
About Owen Wurzbacher
Owen Wurzbacher is an investment executive with experience managing diverse investment portfolios. As the Chief Investment Officer at HighSage Ventures, Owen sets the firm’s strategy and oversees portfolio management. He received an AB from Harvard University and a Masters of Education and Masters of Business Administration from Stanford University.
Second Quarter 2024 Financial Results
In a separate press release issued today, ZoomInfo issued its second quarter 2024 financial results. A conference call is scheduled to begin today, August 5th, at 4:30 p.m. Eastern Time, 1:30 p.m. Pacific Time. To participate in the live conference call via telephone, please register here. Upon registering, a dial-in number and unique PIN will be provided to join the conference call. The call will also be webcast live on the Company’s investor relations website at https://ir.zoominfo.com/, where related presentation materials will be posted prior to the conference call. Following the conference call, an archived webcast of the call will be available for one year on ZoomInfo’s Investor Relations website.
Cautionary Statement Regarding Forward-Looking Information
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those expressed or implied by these statements. You can generally identify our forward-looking statements by the words “anticipate”, “believe”, “can”, “continue”, “could”, “estimate”, “expect”, “forecast”, “goal”, “intend”, “may”, “might”, “objective”, “outlook”, “plan”, “potential”, “predict”, “projection”, “seek”, “should”, “target”, “trend”, “will”, “would” or the negative version of these words or other comparable words. Any statements in this press release regarding future revenue, earnings, margins, financial performance, cash flow, growth in free cash flow per share, liquidity, or results of operations (including, but not limited to, the guidance provided under “Business Outlook”), and any other statements that are not historical facts are forward-looking statements. We have based our forward-looking statements on beliefs and assumptions based on information available to us at the time the statements are made. We caution you that assumptions, beliefs, expectations, intentions and projections about future events may, and often do, vary materially from actual results. Therefore, we cannot assure you that actual results will not differ materially from those expressed or implied by our forward-looking statements.
Factors that could cause actual results to differ from those expressed or implied by our forward-looking statements include, among other things: future economic, competitive, and regulatory conditions, potential future uses of cash, the successful integration of acquired businesses, and future decisions made by us and our competitors. All of these factors are difficult or impossible to predict accurately and many of them are beyond our control. For a further list and description of these and other important risks and uncertainties that may affect our future operations, see Part I, Item 1A - Risk Factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, which we may update in Part II, Item 1A - Risk Factors in Quarterly Reports on Form 10-Q we have filed or will file hereafter. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, investments, or other strategic transactions we may make. Each forward-looking statement contained in this presentation speaks only as of the date of this press release, and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.
About ZoomInfo
ZoomInfo (NASDAQ: ZI) is the trusted go-to-market platform for businesses to find, acquire, and grow their customers. It delivers accurate, real-time data, insights, and technology to more than 35,000 companies worldwide. Businesses use ZoomInfo to increase efficiency, consolidate, technology stacks, and align their sales and marketing teams - all in one platform. ZoomInfo is a recognized leader in data privacy, with industry-leading GDPR and CCPA compliance measures and numerous data security and privacy certifications. For more information about how ZoomInfo can help businesses grow their revenue at scale, please visit www.zoominfo.com.
Website Disclosure
ZoomInfo intends to use its website as a distribution channel of material company information. Financial and other important information regarding the Company is routinely posted on and accessible through the Company’s website at https://ir.zoominfo.com/. Accordingly, you should monitor the investor relations portion of our website at https://ir.zoominfo.com/ in addition to following our press releases, SEC filings, and public conference calls and webcasts. In addition, you may automatically receive email alerts and other information about ZoomInfo when you enroll your email address by visiting the “Email Alerts” section of our investor relations page at https://ir.zoominfo.com/.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240805608360/en/
Investor:
Jeremiah Sisitsky
VP of Investor Relations
IR@zoominfo.com
Media:
Meghan Barr
VP, Communications
(203) 216-1878
pr@zoominfo.com
Source: ZoomInfo
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