AppLovin Corp Welcomes Maynard Webb to Board of Directors

In a significant move aimed at bolstering its leadership team, AppLovin Corporation (NASDAQ: APP) announced today the appointment of Maynard Webb as an independent director on its Board of Directors. This strategic decision comes at a pivotal time for the company, which is recognized as a frontrunner in the marketing platform sector. Webb will also join the Audit Committee and the Nominating and Corporate Governance Committee, further enhancing the board's governance capabilities.

Adam Foroughi, Co-founder, CEO, and Chairperson of AppLovin, expressed his enthusiasm about Webb's appointment, highlighting their long-standing relationship. “I’ve had the privilege of knowing Maynard for 13 years, since his early investment in 2012, and have always regarded him as one of technology’s finest mentors,” stated Foroughi. This personal connection underscores the trust and confidence AppLovin has in Webb's capabilities to guide the company toward its ambitious goals.

Maynard Webb brings a wealth of experience and expertise to AppLovin's board. As the founder of Webb Investment Network (WIN), an early-stage venture capital firm established in 2010, Webb has a proven track record of supporting innovative companies. His past leadership roles include serving as Chairman of LiveOps, Inc., a cloud-based call center, and as Chief Executive Officer from 2006 to 2011. Notably, Webb was also the Chief Operating Officer of eBay, Inc. from 2002 to 2006, where he played a crucial role in scaling the company's operations.

“I’m honored to be joining Adam and the AppLovin board at this extraordinary phase of growth for the company,” Webb remarked. He emphasized his eagerness to leverage his expertise in building scalable platforms and operational excellence to support AppLovin’s vision and ongoing transformational growth.

In addition to Webb’s appointment, AppLovin announced that Ted Oberwager, Managing Director at KKR, will not stand for re-election at the upcoming annual meeting of stockholders. Oberwager plans to remain on the board until his current term concludes at the 2025 Annual Meeting. “On behalf of the board, I thank Ted for his contributions over the years and wish him the best,” commented Foroughi, acknowledging Oberwager's impact during his tenure.

With Webb’s addition, AppLovin's board continues to reflect a diverse range of expertise across various industries. Current board members include:

This combination of backgrounds and experiences positions AppLovin well to navigate the complexities of the marketing technology landscape.

As AppLovin continues to innovate and expand its reach, the addition of Maynard Webb to the board is expected to provide valuable insights and guidance. The company remains committed to its vision of creating the world's most impactful performance marketing platform, and Webb’s experience in scaling operations is likely to play a crucial role in achieving this goal.

For further information on AppLovin’s leadership team, visit their official website.

About AppLovin

AppLovin creates technologies that enable businesses of all sizes to connect with their ideal customers. The company offers comprehensive software and AI solutions to help businesses reach, monetize, and grow their global audiences. For more information about AppLovin, visit their website.