WalkMe Ltd. Appoints Hagit Ynon as Chief Financial Officer
February 15 2023 - 7:02AM
WalkMe Ltd. (NASDAQ: WKME), a leading provider of digital adoption
solutions, today announced the appointment of Hagit Ynon as Chief
Financial Officer. Ms. Ynon assumes the role after serving as
WalkMe’s interim CFO for the past six months and EVP of Finance
& Operations during the three years prior.
“Hagit has been a valuable member of our Executive Leadership
Team for three-and-a-half years, beginning as WalkMe’s EVP of
Finance and Operations, then transitioning to interim CFO for the
past six months,” said Dan Adika, CEO & Co-founder,
WalkMe. “She has led the building of our finance
organization over the years, even playing an integral role in our
IPO process. Her past and current experience has positioned WalkMe
well on our path to profitability. We have all been incredibly
impressed by her ability to step into the interim CFO role with
clear purpose and commitment, and we have the utmost confidence in
her leading WalkMe’s finance and operations going forward.”
“It has been an honor to serve as a member of WalkMe’s talented
Executive Leadership Team over the past few years, and it’s even
more of an honor to now be serving as Chief Financial Officer,”
said Hagit Ynon, Chief Financial Officer. “I’m
very excited about this next chapter of my journey with WalkMe, as
I strongly believe in the value we are delivering customers and our
strategy focusing on the enterprise. I will continue to build
operational excellence into the business as we become cash flow
positive for long-term sustainable growth.”
“Hagit’s tenure as a seasoned finance leader as well as her
commitment to driving WalkMe to profitability made her a strong
choice for the role of Chief Financial Officer,” said
Michele Bettencourt, Chairperson of the Board,
WalkMe. “I’m looking forward to continuing to work
alongside both Hagit and Dan to drive the future of digital
adoption for enterprises across the globe.”
Prior to WalkMe, Ms. Ynon spent nearly two decades at NICE, a
publicly traded tech leader, in various finance leadership roles
including Corporate VP of Finance. She holds a B.A. in Business and
Accounting and an MBA, Cum Laude, from the College of Management in
Israel. She is a Certified Public Accountant and a Lecturer at
Reichman University.
About WalkMeWalkMe’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:
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward-looking statements contained
in Section 27A of the Securities Act of 1933, as amended (the
“Securities Act”) and Section 21E of the Securities Exchange Act of
1934, as amended (the “Exchange Act”). All statements contained in
this press release other than statements of historical fact,
including, without limitation, statements regarding the Company’s
future financial results and guidance, and expectations regarding
our revenue, operating loss and free cash flow are forward-looking
statements. The words “believe,” “may,” “will,” “estimate,”
“potential,” “continue,” “anticipate,” “intend,” “expect,” “could,”
“would,” “project,” “plan,” “target,” and similar expressions are
intended to identify forward-looking statements, though not all
forward-looking statements use these words or expressions. 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 ContactChristina
KnittelWalkMepress@walkme.com
Investor Contact:John
Streppainvestors@walkme.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c66f05f9-d5f5-4c37-ad1a-1f43df78cd3d
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