2022-06-28 | NYSE: DMS | Press release


Company appoints CFO Richard Rodick as CFO

Digital Media Solutions, Inc. (NYSE: DMS), a leading provider of data and technology-driven digital performance advertising solutions, today announced that Richard Rodick, CPA, will join the company and assume the role of chief financial officer on July 1. 2022. To ensure continuity, current CFO Vasundara Srenivas will remain in her role until July 1, when she will step down to pursue new career goals.

DMS CEO Joe Marinucci said, “DMS has a wide range of talent that is the foundation of our success, and I am extremely pleased to have Richard join DMS as we focus on our next phase of growth. . Richard’s track record of success as CFO of a public company and his exceptional leadership qualities will be an invaluable addition to the DMS management team.”

With nearly two decades of significant CFO experience, Rodick comes to DMS with remarkable expertise at the CFO and executive level from his time with multimillion and billion dollar businesses across a number of industries. vertical. Previously in senior roles for global leaders including Telus International and Broadridge Financial Solutions, Rodick is known for his successful execution of financial reporting, financial planning and analysis, investor relations and valuation. acquisitions.

Joe continued, “Richard’s impressive financial leadership and experience working with a wide range of high growth companies make him an excellent fit for DMS.”

Rodick said: “I am delighted to join DMS and look forward to working alongside the management team as we execute the company’s roadmap and strategic plan for growth and vision for the future. I have been a DMS fan for some time and look forward to contributing to a bright future.”

To help ensure a smooth transition, Srenivas will continue to support DMS in an advisory role until August 19, 2022. Srenivas said, “It has been a pleasure to serve as Chief Financial Officer of DMS. During my tenure, I have been fortunate to have the opportunity to collaborate with many talented colleagues and together we have experienced significant transformation and growth. I look forward to the continued success of the business.”

Marinucci said, “On behalf of DMS, I would like to thank Vasundara for his contributions as a valued member of the management team and wish him well in his future endeavours. She leaves behind a strong financial organization and a wide range of talented financial executives.”

About Digital Media Solutions

Digital Media Solutions, Inc. (NYSE: DMS) is a leading provider of digital performance advertising technology solutions connecting consumers and advertisers in auto, home, health and life insurance, as well as a long list of major consumer verticals. DMS first-party data asset, proprietary advertising technology, extensive proprietary media distribution and data-driven processes help digital advertising clients reduce risk on their ad spend while growing their customer base . Learn more at https://digitalmediasolutions.com.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. DMS’s actual results may differ from its expectations, estimates and projections and, accordingly, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements are often identified by words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intent,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “will continue,” and similar expressions.These forward-looking statements include, but are not limited to, DMS’s expectations regarding its performance and its ability to implement its strategy, and are based on the beliefs and expectations of our management team from information available at the time such statements are made.These forward-looking statements involve significant risks and uncertainties. which could cause actual results to differ materially from expected results. Many of these factors are beyond DMS’s control and are difficult to predict. Factors that could cause such differences include, but are not limited to: ( 1) our ability to identify, evaluate and complete any strategic alternatives as part of our review of strategic alternatives; (2) the possibility that DMS may not be able to realize greater value for its business through a strategic alternative and therefore retain its current corporate and business structure; (3) the possibility that DMS may decide not to undertake a Strategic Alternative or that it may not be able to complete any proposed Strategic Alternative due to, among other things, market, regulatory and other factors; (4) the potential for disruption of DMS’s business, including, among other things, the attraction and retention of customers, suppliers and key personnel; (5) any potential adverse effect on DMS’ share price resulting from the announcement of the review process of potential strategic alternatives or the results of such review; (6) the COVID-19 pandemic or other public health crises; (7) changes in customer demand for our services and our ability to adapt to those changes; (8) the entry of new competitors into the market; (9) the ability to retain and attract consumers and advertisers and to successfully develop and operate our new health insurance agency business, in the face of changing economic or competitive conditions; (10) the ability to maintain, develop and protect the data that DMS obtains from consumers and advertisers; (11) the performance of DMS’ technology infrastructure; (12) the ability to protect DMS’s intellectual property rights; (13) the ability to successfully seek out and complete acquisitions and integrate the operations of companies acquired by DMS; (14) the ability to improve and maintain adequate internal controls over the financial and management systems, and to remedy the identified material weakness; (15) changes in applicable laws or regulations and the ability to maintain compliance; (16) our substantial levels of indebtedness; (17) the volatility of the NYSE trading price of our common stock and warrants; (18) fluctuations in the value of our private placement warrants; and (19) other risks and uncertainties identified from time to time in DMS’s filings with the SEC, including those under “Risk Factors” in DMS’s Annual Report on Form 10-K and its filings. later with the SEC. There may be additional risks which we consider to be immaterial or which are unknown, and it is not possible to foresee or identify all of these risks. DMS cautions that the above list of factors is not exclusive. DMS cautions readers not to place undue reliance on forward-looking statements, which speak only as of the date made. DMS neither undertakes nor accepts any obligation or undertaking to issue updates or revisions to any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which such statement is based. .


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