NEW YORK, (GLOBE NEWSWIRE) — Vimeo (NASDAQ: VMEO), the leading video platform for business applications, has officially named Philip Moyer as its new Chief Executive Officer and a member of the Board of Directors, starting April 8, 2024. The announcement was made on April 4, 2024, as the company prepares to enter a new phase focused on artificial intelligence-driven video solutions. Adam Gross, who has been serving as the Interim CEO, will continue his involvement with Vimeo as a Board member.
Glenn Schiffman, Vimeo’s Chairman of the Board, expressed his gratitude towards Adam Gross for his contributions as the Interim CEO: “On behalf of the Board of Directors and the entire Vimeo team, I would like to thank Adam Gross for stepping into the role of Interim CEO over the past several quarters, and I’m delighted he will be continuing to work with the company as a board member. Thanks to Adam’s leadership, we’ve successfully brought to market innovative products, streamlined our go to market model, and brought on some of the world’s leading brands as new customers. We are thrilled to welcome Philip as CEO, and believe his background and experience are uniquely suited to extend Vimeo’s history of innovation and leadership to the new and rapidly growing era of AI video, positioning it as a key strategic partner to the companies and creators this next chapter of Internet video enables.”
Philip Moyer, who will be taking over the reins as CEO, has an extensive background in technology and business. He previously held high-level positions at Google Cloud and Amazon Web Services, and was also the CEO of two financial technology firms. His wide-ranging experience is expected to be a vital asset in Vimeo’s strategic expansion into AI-driven video technologies. Moyer commented on his appointment, stating, “I’m thrilled to join as CEO of Vimeo, a platform that revolutionizes how millions engage with video content worldwide. We will continue to innovate and elevate our offerings to push the envelope of digital storytelling, ensuring Vimeo remains synonymous with excellence and creativity for our community members and customers. I am honored to join this journey, and I am inspired by the opportunity to steer the company towards a new chapter of innovation and success.”
In addition to the leadership update, Vimeo also outlined its plans for the upcoming earnings report. The company will post its first-quarter results for 2024 on May 6, after market close, and host a live video event to discuss the financials, which will include an opportunity for stakeholders to engage directly with Philip Moyer.
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