NEW YORK, July 8, 2022 /PRNewswire/ -- Innovid Corp. (NYSE:
CTV) (the "Company"), an independent advertising platform for
delivery, personalization and measurement of converged TV across
linear, connected TV (CTV) and digital, today announced changes in
its board of directors (the "Board"). Mr. Steven Cakebread has resigned for personal
reasons and Mr. Brian Hughes has
joined as a member of the Board to serve on the Audit Committee of
the Board (the "Audit Committee") as Audit Committee Chair. Mr.
Hughes was elected as a Class I director of the Company for a term
expiring at the annual meeting of shareholders in 2025 or until his
earlier death, resignation or removal.
"It has been a great pleasure to serve on the Board of Innovid
and I wish Zvika and his team all the very best for the future,"
said Mr. Cakebread.
"Driving digital transformation and the role that software plays
in it has been a key focus throughout my career in order to better
meet customer needs and deliver business results," said Mr. Hughes.
"Innovid sits in a very exciting place in the transformation of
television to a digital infrastructure and I believe Innovid is
well positioned to benefit as the shift to streaming
continues."
Mr. Hughes, age 63, currently serves as a Director of Bentley
Systems, CompoSecure, Inc. and Omnilit Acquisition Corp. Mr.
Hughes was previously an audit partner, the national private
markets group leader, and venture capital co-leader at KPMG LLP
where he worked from 2002 to 2019 and an audit partner at Arthur
Andersen where he worked from 1981 to 2002. Mr. Hughes received a
Master's in Business Administration and a Bachelor of Science in
Economics and Accounting from the Wharton School, University of Pennsylvania. Mr. Hughes was chosen
to serve on the Board because of his financial expertise, extensive
accounting, auditing and venture capital experience as well as his
experience as a director and advisor of other companies.
Forward-Looking
Statements
This press release includes "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1996. The Company's actual
results may differ from its expectations, estimates and projections
and consequently, you should not rely on these forward-looking
statements as predictions of future events. Words such as "expect,"
"estimate," "project," "budget," "forecast," "anticipate,"
"intend," "plan," "may," "will," "could," "should," "believes,"
"predicts," "potential," "continue," "aim," and similar expressions
are intended to identify such forward-looking statements. These
forward-looking statements include, without limitation, the
Company's expectations regarding its future financial results,
expected growth and the expected benefits resulting from its
partnerships. These forward-looking statements involve significant
risks and uncertainties that could cause the actual results to
differ materially from the expected results, including Innovid's
ability to raise financing in the future, success in retaining or
recruiting officers, key employees or directors, changes in
applicable laws or regulations, Innovid's ability to maintain and
expand relationships with advertisers, decreases and/or changes in
CTV audience viewership behavior, Innovid's ability to make the
right investment decisions and to innovate and develop new
solutions, the accuracy of Innovid's estimates of market
opportunity, forecasts of market growth and projections of future
financial performance, the extent of investment required in
Innovid's sales and marketing efforts, Innovid's ability to
effectively manage its growth, the impact of the Covid-19 pandemic,
the risk of continued inflation and other macroeconomic events,
acquisition related risks, and other important factors discussed
under the caption "Risk Factors" in Innovid's Annual Report on Form
10-K filed with the SEC on March 18,
2022, as such factors may be updated from time to time in
its other filings with the SEC, accessible on the SEC's website at
www.sec.gov and the Investors Relations section of Innovid's
website at investors.innovid.com. Most of these factors are outside
the Company's control and are difficult to predict. The Company
cautions not to place undue reliance upon any forward-looking
statements, including projections, which speak only as of the date
made. The Company does not undertake or accept any obligation to
release publicly any updates or revisions to any forward-looking
statements to reflect any change in its expectations or any change
in events, conditions or circumstances on which any such statement
is based.
About Innovid
Innovid (NYSE: CTV) powers advertising delivery,
personalization, measurement and outcomes across linear, CTV and
digital for some of the world's largest brands. Through a global
infrastructure that enables cross-platform ad serving, data-driven
creative, and currency-grade measurement, Innovid offers its
clients always-on intelligence to optimize advertising investment
across channels, platforms, screens, and devices. Innovid is an
independent platform that leads the market in converged TV
innovation, through proprietary technology and exclusive
partnerships designed to reimagine TV advertising. Headquartered in
New York City, Innovid serves a
global client base through offices across the Americas,
Europe, and Asia Pacific. To learn more, visit innovid.com
or follow us on LinkedIn or Twitter.
Investor Relations:
Brinlea Johnson
ir@innovid.com
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