WalkMe Announces Leadership and Board Changes
January 05 2023 - 4:02PM
WalkMe Ltd. (NASDAQ: WKME), a leading provider of digital adoption
solutions, today announced co-founder, Rafael Sweary, is stepping
down as President effective January 5, 2023. Sweary will continue
to hold a Board position and work closely with the company. In
addition, the company announced current Board member, Michele
Bettencourt, has been appointed Chairperson of the Board of
Directors, effective December 31, 2022.
“It has been an amazing 12 years working with the team at WalkMe
to build the company we have today,” said Sweary.
“With a strong leadership team in place and WalkMe’s market
presence at an all time high, it gives me the confidence to be able
to take a step back in my role as President. I want to take this
opportunity to express my gratitude and thank our employees,
customers, industry analysts, and investors for their belief in our
mission and vision through this journey. Now more than ever, I am a
true believer in our vision and DAP market category. I am excited
to continue to serve, advise and cheer on WalkMe in my role as a
board member.”
“It is hard to believe that a little more than a decade ago,
Rafael and I were hiring our first employees, closing our first
customers, and beginning to execute against our vision for WalkMe,”
said Adika. “He is a dear friend and colleague,
and will always be one of the industry’s biggest visionaries and
evangelists. I am also excited to appoint Michele Bettencourt as
Board Chairperson. I’m pleased to expand her responsibilities and
further tap her expertise in operationalizing software businesses.
She has been a very active member of our Board and a tremendous
resource to me personally over the past two years. I’m thrilled to
work even closer with Michele to drive WalkMe’s next phase of
growth.”
“Businesses across the globe continue to try to optimize their
digital experience for their workforce, and I believe that WalkMe
is uniquely positioned to help drive more efficient and agile
organizations,” said Bettencourt. “After two years
serving as a Board Member, I’m thrilled to take on the role as
Chairperson of WalkMe and work closely with Dan and the rest of the
strong leadership team already in place to continue to realize this
vision.”
About WalkMe
WalkMe’s cloud-based Digital Adoption Platform enables
organizations to measure, drive and act to ultimately accelerate
their digital transformations and better realize the value of their
software investments. Our platform leverages proprietary technology
to provide visibility to an organization’s Chief Information
Officer and business leaders, while improving user experience,
productivity and efficiency for employees and customers. Alongside
walkthroughs and third-party integration capabilities, our platform
can be customized to fit an organization’s needs.
Special Note Regarding
Forward-Looking Statements:
Certain statements in this press release may constitute
“forward-looking” statements and information, within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and the safe harbor provisions of
the U.S. Private Securities Litigation Reform Act of 1995 that
relate to our current expectations and views of future events. In
some cases, these forward-looking statements can be identified by
words or phrases such as “may,” “might,” “will,” “could,” “would,”
“should,” “expect,” “plan,” “anticipate,” “intend,” “seek,”
“believe,” “estimate,” “predict,” “potential,” “continue,”
“contemplate,” “possible” or similar words. These forward-looking
statements are subject to risks, uncertainties and assumptions,
some of which are beyond our control. In addition, these
forward-looking statements reflect our current views with respect
to future events and are not a guarantee of future performance.
Actual outcomes may differ materially from the information
contained in the forward-looking statements as a result of a number
of factors, including, without limitation, the following: our
ability to manage our growth effectively, sustain our historical
growth rate in the future or achieve or maintain profitability; the
impact of the COVID-19 pandemic or adverse macro-economic changes
on our business, financial condition and results of operations; the
growth and expansion of the markets for our offerings and our
ability to adapt and respond effectively to evolving market
conditions; our estimates of, and future expectations regarding,
our market opportunity; our ability to keep pace with technological
and competitive developments and develop or otherwise introduce new
products and solutions and enhancements to our existing offerings;
our ability to maintain the interoperability of our offerings
across devices, operating systems and third-party applications and
to maintain and expand our relationships with third-party
technology partners; the effects of increased competition in our
target markets and our ability to compete effectively; our ability
to attract and retain new customers and to expand within our
existing customer base; the success of our sales and marketing
operations, including our ability to realize efficiencies and
reduce customer acquisition costs; the percentage of our remaining
performance obligations that we expect to recognize as revenue; our
ability to meet the service-level commitments under our customer
agreements and the effects on our business if we are unable to do
so; our relationships with, and dependence on, various third party
service providers; our dependence on our management team and other
key employees; our ability to maintain and enhance awareness of our
brand; our ability to offer high quality customer support; our
ability to effectively develop and expand our marketing and sales
capabilities; our ability to maintain the sales prices of our
offerings and the effects of pricing fluctuations; the
sustainability of, and fluctuations in, our gross margin; risks
related to our international operations and our ability to expand
our international business operations; the effects of currency
exchange rate fluctuations on our results of operations; challenges
and risks related to our sales to government entities; our ability
to consummate acquisitions at our historical rate and at acceptable
prices, to enter into other strategic transactions and
relationships, and to manage the risks related to these
transactions and arrangements; our ability to protect our
proprietary technology, or to obtain, maintain, protect and enforce
sufficiently broad intellectual property rights therein; our
ability to maintain the security and availability of our platform,
products and solutions; our ability to comply with current and
future legislation and governmental regulations to which we are
subject or may become subject in the future; changes in applicable
tax law, the stability of effective tax rates and adverse outcomes
resulting from examination of our income or other tax returns;
risks related to political, economic and security conditions in
Israel; the effects of unfavorable conditions in our industry or
the global economy or reductions in information technology
spending; factors that may affect the future trading prices of our
ordinary shares; and other risk factors set forth in the section
titled “Risk Factors” in our Annual Report on form 20-F filed with
the Securities and Exchange Commission on March 24, 2022, and other
documents filed with or furnished to the SEC. These statements
reflect management’s current expectations regarding future events
and operating performance and speak only as of the date of this
press release. You should not put undue reliance on any
forward-looking statements. Although we believe that the
expectations reflected in the forward-looking statements are
reasonable, we cannot guarantee that future results, levels of
activity, performance and events and circumstances reflected in the
forward-looking statements will be achieved or will occur. Except
as required by applicable law, we undertake no obligation to update
or revise publicly any forward-looking statements, whether as a
result of new information, future events or otherwise, after the
date on which the statements are made or to reflect the occurrence
of unanticipated events.
Media Contact: Christina
Knittelpress@walkme.com
Investor Contact: John Streppa
investors@walkme.com
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