JFrog Announces CFO Transition
28 Septembre 2023 - 10:17PM
Business Wire
Company Appoints Ed Grabscheid as new CFO,
Jacob Shulman to depart as CFO at Fiscal Year-End. Company
Reiterates Third Quarter and Fiscal 2023 Outlook
JFrog Ltd. (“JFrog”) (NASDAQ: FROG), the Liquid Software company
and creators of the JFrog Software Supply Chain Platform, today
announced the promotion of Ed Grabscheid to the position of Chief
Financial Officer, effective January 1, 2024. Joining the
leadership team, Mr. Grabscheid will succeed CFO Jacob Shulman, who
is leaving JFrog to pursue another opportunity and may remain in an
advisory role.
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the full release here:
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JFrog Appoints Ed Grabscheid as new CFO,
Jacob Shulman to depart as CFO at Fiscal Year-End. (Photo: Business
Wire)
“I’m thrilled to welcome Ed as our new CFO. He is a seasoned
finance leader who has been integral to the execution of our
long-term growth strategy,” said Shlomi Ben Haim, Co-Founder and
CEO, JFrog. “Ed’s extensive financial experience and valuable
knowledge of our company, coupled with his leadership experience as
a former CFO, I have no doubt he’ll continue to be successful while
ensuring JFrog continues to execute on our business strategy to
deliver long term value to shareholders.”
“I want to thank Jacob Shulman for his partnership and strong
leadership which has played a central role during significant
periods in the company’s journey,” added JFrog Co-founder and CEO,
Shlomi Ben Haim. “Through his guidance, we have built a talented
and experienced finance team that will continue to deliver on our
key business priorities. We wish him continued success in his
future endeavors.”
Ed Grabscheid has more than 25 years of financial experience
with a proven track record for leading organizations in global
finance and strategy, accounting, corporate reporting, and
forecasting. He joined JFrog in 2019 and currently serves as
JFrog’s Vice President of Finance and played an integral role
during our IPO and the track record we established as a public
company. Grabscheid previously worked as CFO at Atlona, a leading
global manufacturer of AV over IP distribution, connectivity, and
control solutions, and also served in various finance and
accounting roles at ServiceMax, Intermolecular and Cisco.
“JFrog continues to be prioritized as critical infrastructure
for developers in thousands of global enterprises, and I have had
the privilege to contribute to the significant growth the company
has achieved over the past four years,” said Ed Grabscheid. “I
would like to thank Jacob for his ongoing support and mentorship
during these years. I’m excited to join Shlomi and the leadership
team to continue to build upon the strong financial and operational
foundation and deliver meaningful shareholder value.”
JFrog reiterates its financial guidance for the third quarter
and full fiscal year 2023, as provided in a press release issued on
August 2, 2023.
About JFrog
JFrog Ltd. (Nasdaq: FROG), is on a mission to create a world of
software delivered without friction from developer to device.
Driven by a “Liquid Software” vision, the JFrog Software Supply
Chain Platform is a single system of record that powers
organizations to build, manage, and distribute software quickly and
securely, ensuring it is available, traceable, and tamper-proof.
The integrated security features also help identify, protect, and
remediate against threats and vulnerabilities. JFrog’s hybrid,
universal, multi-cloud platform is available as both self-hosted
and SaaS services across major cloud service providers. Millions of
users and 7K+ customers worldwide, including a majority of the
Fortune 100, depend on JFrog solutions to securely embrace digital
transformation. Once you leap forward, you won’t go back! Learn
more at jfrog.com and follow us on Twitter: @jfrog.
Forward-Looking Statements
This press release contains “forward-looking” statements, as
that term is defined under the U.S. federal securities laws,
including but not limited to statements regarding JFrog’s future
financial performance, including our outlook for the third quarter
and for the full year of 2023, our ability to execute on our
strategy and our business priorities, potential future value
created for shareholders, and our expectations regarding the
mission-critical nature of our products to our customers’
infrastructure. These forward-looking statements are based on
JFrog’s current assumptions, expectations and beliefs and are
subject to substantial risks, uncertainties, assumptions and
changes in circumstances that may cause JFrog’s actual results,
performance or achievements to differ materially from those
expressed or implied in any forward-looking statement. There are a
significant number of factors that could cause actual results to
differ materially from statements made in this press release,
including but not limited to: risks associated with managing our
rapid growth; our history of losses; our limited operating history;
our ability to retain and upgrade existing customers; our ability
to attract new customers; our ability to effectively develop and
expand our sales and marketing capabilities; our ability to
integrate and realize anticipated synergies from acquisitions of
complementary businesses; risk of a security breach incident or
product vulnerability; risk of interruptions or performance
problems associated with our products and platform capabilities;
our ability to adapt and respond to rapidly changing technology or
customer needs; our ability to compete in the markets in which we
participate; our ability to successfully integrate technology from
acquisitions, into our offerings; our ability to provide continuity
to our respective customers and realize innovation following our
acquisitions; and general market, political, economic, and business
conditions. Our actual results could differ materially from those
stated or implied in forward-looking statements due to a number of
factors, including but not limited to, risks detailed in our
filings with the Securities and Exchange Commission, including in
our annual report on Form 10-K for the year ended December 31,
2022, our quarterly reports on Form 10-Q, and other filings and
reports that we may file from time to time with the Securities and
Exchange Commission. Forward-looking statements represent our
beliefs and assumptions only as of the date of this press release.
We disclaim any obligation to update forward-looking
statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230928363492/en/
Media Contact: Siobhan Lyons, Sr. MarComm Manager, JFrog,
siobhanL@jfrog.com
Investor Contact: Jeff Schreiner, VP of Investor
Relations, jeffS@jfrog.com
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