Rubicon Technologies Announces Leadership Transition
October 14 2022 - 6:30AM
Business Wire
Leading digital marketplace for waste and
recycling appoints Phil Rodoni as CEO and Director
Founding CEO, Nate Morris, to continue to serve
as Chairman of the Board
Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE:
RBT), a leading digital marketplace for waste and recycling and
provider of innovative software-based products for businesses and
governments worldwide, today announced that chief technology
officer Phil Rodoni has been appointed by the Rubicon Board of
Directors (the “Board”) as chief executive officer (“CEO”) and a
member of the Board, effective October 13, 2022. Founding CEO Nate
Morris will continue to serve as chairman of the board, director,
and strategic advisor during this succession period. Osman Ahmed
has been named as lead independent director.
Rodoni’s appointment to the role of CEO is a key part of
Rubicon’s strategic plan as the Company works to achieve its
mission of ending waste through the digital transformation of the
waste and recycling industry.
Rodoni has served as Rubicon’s chief technology officer since
2015. He came to Rubicon from Esurance where he held the role of
vice president of software development. Prior to that, Rodoni also
worked in senior technology positions at Charles Schwab and
Travelzoo. Rodoni holds a Bachelor of Arts (BA) in Economics from
the University of California at Berkeley, and a Master of Business
Administration (MBA) from the Haas School of Business.
“I am greatly honored and excited by the opportunity to lead
Rubicon. The company is on a path of rapid growth as we scale our
industry-leading technology platform to transform the $2.1 trillion
global waste and recycling market,” said Rodoni. “Becoming a
publicly listed company on the New York Stock Exchange (NYSE)
earlier this year was a tremendous step toward this effort, and I
look forward to leading the company as it continues to help
businesses and governments around the world use technology to drive
environmental innovation. I would like to thank Nate for his
leadership and support over the years, and for steering Rubicon to
the heights of success we have reached today.”
With over two decades of experience in technology innovation and
product development, Rodoni has helped to make Rubicon a leader in
the waste and recycling category, and his vision for the company’s
future makes him a natural fit to lead Rubicon in its next stage of
success and growth. In his new role, Rodoni will focus on a number
of core goals for Rubicon, including accelerating the Company’s
progress to profitability, investing in Rubicon’s leading digital
marketplace and suite of products, and further developing the
strategic vision and execution plan for Rubicon’s next phase of
growth.
“We are confident Phil is the right leader to accelerate
Rubicon’s growth as a public company and we look forward to working
with him as he executes on his strategic vision for the company,”
Board Member Andres Chico said. “In addition, we are grateful to
Nate Morris for his many contributions to the company for more than
a decade as Founding CEO and as Chairman. Under Nate’s leadership,
Rubicon has become a widely recognized catalyst for change across
the waste and recycling industry, and we thank him for his longtime
commitment and vision.”
“Leading Rubicon from its founding has been an absolute
privilege,” said Nate Morris. “Looking back on the last decade, I
am immensely proud of what we have achieved – establishing more
than 8 million service locations, expanding services to all 50
states and 20 countries, and successfully completing the process of
becoming public on the NYSE. I have appreciated the opportunity to
work with the Board to ensure the company builds on our track
record of achievements and fulfills our mission to end waste. I
know our platform, technologies, teams, and leadership are in good
hands.”
About Rubicon
Rubicon Technologies, Inc. (NYSE: RBT) is a digital marketplace
for waste and recycling, and provider of innovative software-based
products for businesses and governments worldwide. Striving to
create a new industry standard by using technology to drive
environmental innovation, the company helps turn businesses into
more sustainable enterprises, and neighborhoods into greener and
smarter places to live and work. Rubicon’s mission is to end waste.
It helps its partners find economic value in their waste streams
and confidently execute on their sustainability goals. To learn
more, visit www.Rubicon.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of present or
historical fact included in this press release, are forward-looking
statements. When used in this press release, the words “could,”
“should,” “will,” “may,” “believe,” “anticipate,” “intend,”
“estimate,” “expect,” “project,” the negative of such terms and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. Such forward-looking statements are subject
to risks, uncertainties, and other factors which could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements. These forward-looking statements
are based upon estimates and assumptions that, while considered
reasonable by Rubicon Technologies, Inc. (“Rubicon”) and its
management, are inherently uncertain; factors that may cause actual
results to differ materially from current expectations include, but
are not limited to: 1) the outcome of any legal proceedings that
may be instituted against Rubicon or others following the closing
of Rubicon’s business combination with Founder SPAC (the “business
combination”); 2) Rubicon’s ability to meet the New York Stock
Exchange’s listing standards following the consummation of the
business combination; 3) the risk that the business combination
disrupts current plans and operations of Rubicon as a result of
consummation of the business combination; 4) the ability to
recognize the anticipated benefits of the business combination,
which may be affected by, among other things, the ability of the
combined company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its
management and key employees; 5) costs related to the business
combination; 6) changes in applicable laws or regulations; 7) the
possibility that Rubicon may be adversely affected by other
economic, business and/or competitive factors; and 8) other risks
and uncertainties set forth in the sections entitled “Risk Factors”
and “Cautionary Note Regarding Forward-Looking Statements” in
Rubicon’s Registration Statement on Form S-1 filed with the U.S.
Securities and Exchange Commission (“SEC”), and other documents of
Rubicon filed or to be filed with the SEC. Although Rubicon
believes the expectations reflected in the forward-looking
statements are reasonable, nothing in this press release should be
regarded as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the
contemplated results of such forward looking statements will be
achieved. There may be additional risks that Rubicon presently does
not know of or that Rubicon currently believes are immaterial that
could also cause actual results to differ from those contained in
the forward-looking statements. You should not place undue reliance
on forward-looking statements, which speak only as of the date they
are made. Rubicon does not undertake, and expressly disclaims, any
duty to update these forward-looking statements, except as
otherwise required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20221014005114/en/
Investor Contact: Sioban Hickie, ICR, Inc.
rubiconIR@icrinc.com
Media Contact: Dan Sampson Chief Marketing & Corporate
Communications Officer dan.sampson@rubicon.com
RubiconPR@icrinc.com
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