Rubicon Names Kevin Schubert as Chief Financial Officer
February 21 2023 - 8:45AM
Business Wire
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, announced today that the Company’s
president, Kevin Schubert, has been appointed Chief Financial
Officer, effective immediately.
In addition to his current responsibilities as president,
Schubert will now oversee Rubicon’s end-to-end financial operations
and further develop the financial infrastructure, teams, and
processes to help the Company meet its strategic goals, including
the acceleration of the Company’s progress to profitability. Prior
to serving as the Company’s president, Schubert was Rubicon’s Chief
Development Officer. He has been instrumental in helping Rubicon
secure its recent rounds of funding and in helping to restructure
the Company’s debt, two key goals as articulated during the third
quarter 2022 earnings call.
Before joining Rubicon, Schubert held senior executive and
advisory roles with multiple public companies, including Red Rock
Resorts Inc., the Las Vegas Sands Corp., and he recently held the
role of Chief Financial Officer for Ocean Park Group, an
early-stage company focused on experiential hospitality.
Schubert holds a JD and an MBA from The University of
California, Los Angeles, and a Bachelor of Science in Management
Information Systems from The University of Arizona.
Jevan Anderson will step down from the role of CFO, effective
immediately. Anderson joined Rubicon in late 2021 and brought with
him a wealth of capital markets and public company experience.
Anderson was instrumental in leading Rubicon through the process of
going public, and in preparing the necessary financial framework
and functions to support it as a publicly traded company. He will
now be moving on to other opportunities. Anderson’s departure comes
at a natural inflection point and the Company is well positioned
for the next phase of its life.
“Today we are thrilled to announce Kevin Schubert as our
president and Chief Financial Officer. Kevin has already done
exceptional work for us in developing our finance operations,
helping to formulate our corporate strategy, and driving our focus
on profitability as a public company. We wish him every success in
this role,” said Rubicon Chief Executive Officer, Phil Rodoni.
“Jevan was a key addition to our leadership team at Rubicon and we
thank him for his many valuable contributions to our company.”
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 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 (the “Exchange Act”), regarding, among other things, the
plans, strategies and prospects, both business and financial, of
Rubicon. Although Rubicon believes that its plans, intentions and
expectations reflected in or suggested by these forward-looking
statements are reasonable, Rubicon cannot assure you that it will
achieve or realize these plans, intentions or expectations. All
statements, other than statements of present or historical fact
included in this press release, are forward-looking statements.
These statements may be preceded by, followed by or include the
words “believes,” “estimates,” “expects,” “projects,” “forecasts,”
“may,” “will,” “could,” “would,” “should,” “seeks,” “plans,”
“scheduled,” “anticipates,” “intends,” the negative of such terms
and similar expressions, although not all forward-looking
statements contain such identifying words. Forward-looking
statements are inherently subject to risks, uncertainties and
assumptions and other factors which could cause actual results to
differ materially from those expressed or implied by such
forward-looking statement. These forward-looking statements are
based upon current expectations, estimates, projections, and
assumptions that, while considered reasonable by 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 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, including the
impacts of the COVID-19 pandemic, geopolitical conflicts, such as
the conflict between Russia and Ukraine, the effects of inflation
and potential recessionary conditions; 8) Rubicon’s execution of
anticipated operational efficiency initiatives, cost reduction
measures and financing arrangements; and 9) other risks and
uncertainties. More information regarding the risks and
uncertainties and other important factors that could cause actual
results to differ materially from those in the forward-looking
statements is set forth under the heading “Risk Factors” in
Rubicon’s Registration Statement on Form S-1, as filed with the SEC
on December 14,2022, and as may be updated in Rubicon’s Quarterly
Reports on Form 10-Q and Rubicon’s other filings with the SEC.
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, many of which are beyond Rubicon’s
control. Forward-looking statements are not guarantees of future
performance and speak only as of the date hereof. Rubicon does not
undertake, and expressly disclaims, any obligation to update or
revise publicly any forward-looking statements, whether because of
new information, future events, or otherwise, except as required by
law.
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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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