Veritone Appoints Richard H. Taketa to Board of Directors
May 23 2019 - 4:05PM
Business Wire
- Taketa Brings Decades of Leadership and
Operational Experience to Veritone -
Veritone, Inc. (NASDAQ: VERI), a
leading provider of artificial intelligence (AI) technology and
solutions, today announced the appointment of Richard H. (Rick)
Taketa, 47, to its Board of Directors. Mr. Taketa was selected
based on his extensive experience in financing, developing and
managing high growth, technology-enabled companies. He replaces
Nate Checketts, CEO of Rhone Apparel, who is transitioning to an
advisory board role.
“Rick has a proven track record of leading and scaling mid-sized
and large organizations,” said Chairman and CEO of Veritone Chad
Steelberg. “His diverse areas of experience, including operations,
finance, law, innovation, mergers and acquisitions, public policy,
and operating in regulated markets such as insurance and
healthcare, give him a unique perspective that will be very
valuable to the Board. Rick led York Risk Services to be one of the
leading providers of tech-enabled, integrated insurance services,
growing the company to over $750 million in revenue and
approximately 5,500 employees. In addition, he is an attorney and
has regulatory and public policy experience that will be key to
Veritone as we work to expand our business in Government
markets.”
“With my personal passion for emerging technologies such as
artificial intelligence, as well as for product innovation,
strategic customer relationships, and market positioning, I am
excited to join Veritone as it scales its business,” said Taketa.
“I look forward to using my experience to help the Company drive
growth and build shareholder value.”
Steelberg added, “We would like to thank Nate Checketts for his
service and many contributions to the Veritone Board - he has been
a key contributor to our Company since its founding in 2014,
helping to guide us through our startup phase, our IPO and our
first two years as a public company. Nate has led Rhone to be a
fast-growing leader in the premium men’s activewear market, and
this transition will give him more time to focus on continuing to
build that business. We wish Nate and his family all the best in
the future.”
About Richard H. Taketa
Most recently, Mr. Taketa served as President and CEO of York
Risk Services, Inc., an insurance services company, where he
oversaw all strategic, capital markets, financial, operational,
governance, sales and client activities. He joined York after its
acquisition of Southern California Risk Management Associates,
where he was CEO. During his tenure, York acquired over 30
businesses and was sold three times at successively higher
valuations. Previously, Taketa was a co-founder and managing
director of a private equity firm and a corporate securities lawyer
with DLA, after spending four years as a lobbyist in Washington,
D.C., where he helped lead non-governmental organizations to
accomplish public policy goals.
Taketa serves as a director of Palomar Insurance (NASDAQ: PLMR),
Alphaeon Corporation, and the Hoag Hospital Foundation. Other
current and prior board service includes private equity backed
companies Axiom Medical Consulting, Veracity Research Corporation,
and Trumpet Behavioral Health. Rick earned a bachelor’s degree from
Colgate University and a law degree from Stanford Law School.
With the appointment of Taketa, Veritone’s board continues to
consist of nine members, including Chad Steelberg, Chairman and CEO
of Veritone; Jeff P. Gehl, Managing Partner of RCP Advisors; G.
Louis Graziadio, III, President and CEO of Second Southern Corp.;
Paul A. Krieger, Revenue Manager, Hortonworks; Knute P. Kurtz,
former Managing Partner of the Orange County office of
PricewaterhouseCoopers LLP; Nayaki Nayyar, President of Digital
Services Management at BMC Software; Christopher J. Oates, Founder
and Managing Director of RimLight, LLC; and Ryan Steelberg,
Co-Founder and President of Veritone.
About Veritone
Veritone (Nasdaq: VERI) is a leading provider of artificial
intelligence (AI) technology and solutions. The company’s
proprietary operating system, aiWARE™, orchestrates an expanding
ecosystem of machine learning models to transform audio, video and
other data sources into actionable intelligence. aiWARE can be
deployed in a number of environments and configurations to meet
customers’ needs. Its open architecture enables customers in the
media and entertainment, legal and compliance, and government
sectors to easily deploy applications that leverage the power of AI
to dramatically improve operational efficiency and effectiveness.
Veritone is headquartered in Costa Mesa, California with over 300
employees, and has offices in Denver, London, New York, San Diego,
and Seattle. To learn more, visit Veritone.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190523005775/en/
Company Contact:Brian Alger, CFASVP, Corporate
Development & Investor RelationsVeritone, Inc.(949)
386-4318investors@veritone.com
Investor Relations Contact:Mary Magnani / Kirsten
ChapmanLHA Investor Relations415.433.3777veritone@lhai.com
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