Semrush Continues Growth Trajectory with Two Board of Director Appointments and new Chief Financial Officer
March 06 2023 - 4:30PM
Business Wire
Semrush (NYSE: SEMR), a leading online visibility management
SaaS platform, has appointed Anna Baird and Steven Aldrich to its
board as independent, non-executive directors, and Brian Mulroy as
incoming Chief Financial Officer (CFO).
Ms. Baird brings more than 30 years of experience working with
Silicon Valley companies to scale teams and enable growth. She was
a partner at KPMG for over 17 years before becoming an SVP at
McAfee supporting leadership on global controls, enterprise risk
management, and its acquisition by Intel. Ms. Baird then held
several C-level roles at private technology startups that
experienced hypergrowth, and was most recently the CRO at Outreach.
Ms. Baird also currently serves on the board of SeatGeek.
“I’m incredibly excited to work with the Semrush team as the
company continues to expand their customer base and impressive
suite of products,” said Baird. “Semrush is one of the most
prolific marketing technology brands in the world, and their
ability to make marketing simple and effective for both individuals
and companies of any size is a value proposition that I’m truly
passionate about.”
Mr. Aldrich is also joining the Semrush board, bringing nearly
30 years of experience in the technology industry. He spent 12
years with Intuit in a variety of leadership roles and held CEO
positions at Posit Science and Outright. He also spent seven years
at GoDaddy, the last three as the Chief Product Officer, helping
grow the company from 10 million to 18 million total customers, and
from $1 billion annual revenue to over $3 billion in revenue. Mr.
Aldrich also currently serves on the Boards of Avantax, Inc.
(NASDAQ: AVTA) and Xero Limited (XRO.AX).
Ms. Baird and Mr. Aldrich become the eighth and ninth members of
Semrush’s Board of Directors, respectively.
“We are thrilled to welcome Anna and Steven to our Board of
Directors,” said CEO of Semrush, Oleg Shchegolev. “Their strong
technology backgrounds and track record of success speak for
themselves, and we are looking forward to their guidance and
extensive experience as we drive our next phase of growth.”
In addition to two Board appointments, Semrush also announces
Brian Mulroy joining the executive leadership team as the company’s
next Chief Financial Officer.
Mr. Mulroy has a broad business background with more than 20
years of finance leadership experience at market-leading technology
companies. His prior role was SVP of Finance at Microsoft. Prior to
Microsoft he spent 10 years at Nuance Communications and 12 years
at Progress Software. At Nuance Communications, Mr. Mulroy built
and scaled a world class finance organization that provided
financial, analytical and operational leadership for multiple sales
and finance system implementations, over 30 acquisitions, more than
$1B in business segment divestitures and restructurings, and
multiple initiatives to launch new products to market and
transition businesses to the cloud. Mr. Mulroy was also the
strategic financial lead for Nuance Communications during their
sale to Microsoft.
Mr. Mulroy will join the team in April 2023. Current CFO Evgeny
Fetisov will continue in his current role until Mr. Mulroy’s start
date and will then act in an advisory capacity to ensure a smooth
transition.
“I want to welcome Brian to the team. He has an exceptional
breadth of experience, and we look forward to his leadership and
support in the CFO position. I also want to express my gratitude to
Evgeny for his contribution to Semrush across the last nearly four
years. Evgeny played a significant role in preparing our company to
go public, and we achieved tremendous results together post-IPO and
on our path to growth,” said Shchegolev.
About Semrush
Semrush is a leading online visibility management SaaS platform
that enables businesses globally to run search engine optimization,
pay-per-click, content, social media and competitive research
campaigns and get measurable results from online marketing. Semrush
offers insights and solutions for companies to build, manage, and
measure campaigns across various marketing channels. Semrush, with
over 94,000 paying customers, is headquartered in Boston and has
offices in Philadelphia, Trevose, Austin, Dallas, Amsterdam,
Barcelona, Belgrade, Berlin, Limassol, Prague, Warsaw, and
Yerevan.
Forward-Looking Statements
This press release may include forward-looking statements,
including with regards to the growth of Semrush, expectations
regarding future financial performance, the size and development of
the market for its products, and the planned start date for new
executives and our transition plans. Such forward-looking
statements may be identified by the use of the following words
(among others): “continues,” “remains,” “believes,” “expects,”
“may,” “will,” “plan,” “should” or “anticipates,” or comparable
words and their negatives. These forward-looking statements are not
guarantees but are subject to risks and uncertainties that could
cause actual results to differ materially from the expectations
contained in these statements. For a discussion of such risks and
uncertainties, see "Risk Factors" in Semrush’s filings with the
Securities and Exchange Commission, including its most recent
quarterly report on Form 10-Q. Semrush assumes no obligation to
update any forward-looking statements contained in this press
release in the event of changing circumstances or otherwise, and
such statements are current only as of the date they are made.
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version on businesswire.com: https://www.businesswire.com/news/home/20230306005757/en/
INVESTOR: Bob Gujavarty VP Investor Relations Semrush
Holdings, Inc Bobby.Gujavarty@semrush.com MEDIA: Jesse Platz
VP Public Relations Semrush Holdings, Inc
Jesse.Platz@semrush.com
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