Nogin Appoints Arthur Stark and Shahriyar Rahmati to Board of Directors
20 Junio 2023 - 7:00AM
Nogin, Inc. (Nasdaq: NOGN, NOGNW) (“Nogin”
or the “Company”), a leading provider of innovative
Commerce-as-a-Service (“CaaS”), today announced that it has
appointed Arthur Stark and Shahriyar Rahmati as new members of its
Board of Directors (the “Board”), effective immediately.
Arthur Stark and Shahriyar Rahmati are accomplished
executives with over 60 years of combined experience leading
technology- and brand-focused public companies.
Stark concluded a 45-year career as President of
Bed Bath & Beyond in 2018, upon being unanimously elected as
Chairman of the Conference of Presidents of Major American Jewish
Organizations. During his tenure, Bed Bath & Beyond became a
multi-channel retail conglomerate with annual revenue of $12
billion and with 1,500 locations and 60,000 employees in all 50
states plus Canada and Mexico. Today, Stark is Founder and Chairman
of Stark Enterprises LLC, a strategic advisory practice advising
the founders and CEOs of a broad range of companies concerning
business development, market positioning, organizational design,
strategy, and funding. In addition, Stark serves on the Senior
Advisory Boards of Jefferies Group, the global investment bank, and
Vintage Partners, a VC fund of funds with over $3.5 billion under
management.
Rahmati currently serves as Nogin’s Chief Operating
Officer and Chief Financial Officer. He has over 20 years of
experience in various C-Suite roles across several industries and
has held operating executive positions at private equity firms in
the U.S. and Europe. Prior to his tenure at Nogin, he most recently
served as COO of RugsUSA, an ecommerce retailer of home décor
products, which he led during a time of significant growth. Prior
to his role at RugsUSA, Rahmati was a Managing Director and Head of
Portfolio Operations at Comvest Partners, a principal at The Gores
Group, an operating partner at Graham Partners, and a key member of
portfolio company transformation teams on behalf of leading private
equity firms such as TPG Capital, Freeman Spogli, and Hellman &
Friedman.
“It is my pleasure to welcome Arthur and Shahriyar
to our Board of Directors,” said Company Chairman, President, and
Chief Executive Officer Jonathan Huberman. “Arthur has built his
career driving multi-channel brand success, and we’re confident
that his insights and experience will further enhance our strategy
and vision. Also, after nearly a year on our senior leadership
team, Shahriyar’s efforts and expertise have been crucial for
positioning Nogin to reach its full potential. Nogin is poised to
revolutionize the way many brands approach ecommerce, and we
believe we have the team and support in place to capture the vast
opportunity ahead. We are very fortunate to have Arthur and
Shahriyar on our Board.”
For additional details, please reference the Form
8-K filed with the U.S. Securities and Exchange Commission on June
20, 2023, which can also be found in the Investor Relations section
of the Company’s website.
About NoginNogin (Nasdaq:
NOGN, NOGNW), the Intelligent Commerce company, provides the
world’s leading enterprise-class ecommerce technology and services
for brand leaders that need to deliver superior growth with
predictable costs and an exceptional online experience. The Nogin
Intelligent Commerce technology is a cloud-based ecommerce
environment purpose-built for brands selling direct-to-consumer
(D2C) and through online channel partners. Nogin frees its
customers to focus on their brands while running as much or as
little of the infrastructure as they choose. Founded in 2010, Nogin
optimizes the entire ecommerce lifecycle for D2C brands, such as
bebe, Brookstone, Hurley, and Kenneth Cole, achieving average
growth of more than 40% in annual gross merchandise value (GMV) in
the first year. To learn more, visit www.nogin.com or follow
us on LinkedIn and on Twitter at @Nogincommerce.
Cautionary Statements Concerning
Forward-Looking StatementsThis release contains certain
forward-looking statements within the meaning of the federal
securities laws, including statements regarding the development and
adoption of the Company’s platform and new customer agreements.
These forward-looking statements generally are identified by the
words "believe," "project," "expect," "anticipate," "estimate,"
"intend," "strategy," "future," "opportunity," "plan," "may,"
"should," "would," "will continue," "will likely result," and
similar expressions. Forward-looking statements are predictions,
projections, and other statements about future events that are
based on current expectations and assumptions and, as a result, are
subject to risks and uncertainties. Forward-looking information
includes, but is not limited to, statements regarding: the
Company’s platforms and offerings on such platforms, performance,
and operations, and the related benefits to stockholders, and the
Company’s strategy. Many factors could cause actual future events
to differ materially from the forward-looking statements in this
document, including the Company’s ability to implement business
plans and changes and developments in the industry in which the
Company competes. The foregoing list of factors is not exhaustive.
You should carefully consider the foregoing factors and the other
risks and uncertainties described in the "Risk Factors" section of
our Annual Report on Form 10-K filed with the Securities and
Exchange Commission (the “SEC”) on March 23, 2023 and other
documents filed by the Company from time to time with the SEC.
These filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and the Company assumes no obligation to update or
revise these forward-looking statements, whether as a result of new
information, future events, or otherwise, except as required by
law, including the securities laws of the United States and the
rules and regulations of the SEC. The Company does not give any
assurance that it will achieve its expectations.
Contacts:
Media Contact:BOCA Communications
for Noginnogin@bocacommunications.com
Nogin Investor Relations
Contact:Cody Slach and Tom ColtonGateway Investor
Relations949-574-3860nogin@gateway-grp.com
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