Vimeo Announces Departure of Anjali Sud as CEO, Appointment of Adam Gross as Interim CEO
05 Juli 2023 - 10:05PM
Vimeo (Nasdaq: VMEO) announced today that after nine years at the
company, Chief Executive Officer Anjali Sud will be departing to
pursue a new opportunity. Effective September 1, board member and
seasoned SaaS executive, Adam Gross, will step in as interim CEO
while the company initiates a search for a permanent replacement.
“As an experienced executive, SaaS veteran and trusted member of
Vimeo’s board since 2021, Adam brings a deep understanding of Vimeo
and is well-placed to oversee the continued execution of the
company’s strategy. I look forward to partnering closely with him
and Vimeo’s seasoned leadership team as we focus on the significant
opportunity ahead,” said Glenn H. Schiffman, Vimeo’s chairman of
the board. “We are grateful for Anjali’s impact over nine years at
the company and a pivotal era of transformation at Vimeo, and I
have no doubt she’ll continue to do big things.”
“Video is becoming central to how businesses operate, and
Vimeo’s proven experience and technology have earned it a leading
role in this rapidly expanding opportunity,” said Adam Gross.
“Having spent the last two years working closely with the executive
team and the details of the business, I’m thrilled to step into
this role to accelerate and streamline the company’s strategy in
making video a key part of how every business communicates with its
customers, employees, and partners.”
"I believe deeply in the company’s strategy, team, and future
success, and will continue to be an enthusiastic supporter for
every moment of what comes next,” said Anjali Sud. “I am excited
for Adam and for Vimeo to benefit from his experience and
leadership.”
Financial Outlook
Vimeo reaffirms its second quarter and fiscal year 2023 outlook
for revenue and adjusted EBITDA, and will provide a full update on
its second quarter results in its upcoming earnings report after
market close on August 1 and live Q&A session on August 2.
About Adam Gross
Adam is a SaaS and enterprise software veteran, having started
two companies, and held senior roles at high growth,
industry-leading companies including Salesforce and Dropbox. In
2013 Adam sold Cloudconnect, a company he co-founded, to Heroku, a
Salesforce subsidiary, and later served as CEO of Heroku, expanding
the business from self-serve to enterprise. Adam is an active
startup investor and advisor in several companies including dbt,
Cribl, Tailscale, and Buildkite.
About Vimeo
Vimeo (NASDAQ:VMEO) is the world’s most
innovative video experience platform. We enable anyone to create
high-quality videos to connect better and bring ideas to life. We
proudly serve our growing community of more than 300 million users
— from creative storytellers to globally distributed teams at the
world's largest companies. Learn more at www.vimeo.com.
Media Contact
Lisa Chan
press@vimeo.com
Investor Contact
Ken Goff
IR@vimeo.com
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