Phunware Announces Retirement of CEO Mike Snavely and Appoints Stephen Chen as Interim CEO
24 Octobre 2024 - 2:58PM
Phunware, Inc. (NASDAQ: PHUN), a leader in cloud enterprise
solutions for mobile applications and related technologies,
announced today that Michael Snavely, CEO of Phunware, has retired
and resigned from Phunware. Stephen Chen, former Chairperson of the
Phunware Board of Directors, has assumed the role of interim CEO of
Phunware, effective October 22, 2024.
"We appreciate Mike's dedication and service to Phunware and
wish him much success in the future," said Mr. Chen. "I am proud
and excited to assume the role of interim CEO as we prepare to
embark on new opportunities in generative AI, predictive analytics,
and cloud-based services. We are confident that this transition
will enable Phunware and its shareholders to accelerate our
journey."
Phunware remains committed to providing cutting-edge software,
advertising, and other tools that empower enterprises to connect
with people on a deeper, more human level. This new direction,
powered by generative AI, reinforces Phunware's commitment to
helping businesses thrive through meaningful engagement and
technological transformation. The Phunware management team is
excited to advance Phunware's leadership in mobile and cloud-based
solutions, setting the stage for its next phase of growth and
expansion into AI-driven technologies and broader digital
engagement. In conjunction with this announcement, Phunware has
launched a new microsite dedicated to helping businesses and
developers better understand and leverage generative AI and
Phunware’s mobile app technologies. This resource will guide users
through the potential of AI in transforming engagement and business
operations. For more details, visit https://ai.phunware.com/.
Mr. Snavely said, "Leading Phunware as CEO has been one of the
most rewarding experiences of my career. I am very proud of what we
accomplished as a team over the last 12 months. As I stated in our
Letter to Shareholders, Phunware and its platforms, products, and
services are well-positioned for the future. I am looking forward
to my retirement and to pursuing my passion for rural
enterprises."
About Phunware
Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company
specializing in mobile app solutions. We provide businesses with
the tools to create, implement and manage custom mobile
applications and analytics, digital advertising and location-based
services. Phunware is transforming mobile engagement by delivering
scalable and personalized mobile app experiences.
Phunware’s mission is to achieve unparalleled connectivity and
monetization through widespread adoption of Phunware mobile
technologies, by leveraging brands, consumers, partners and digital
asset holders and market participants. Phunware is poised to expand
its software products and services audience and industry verticals
through its new platform, utilize and monetize its patents and
other intellectual property rights and interests, and update and
reintroduce its digital asset ecosystem for existing holders and
new market participants.
Phunware Investor Relations: CORE IR 516-222-2560
investorrelations@phunware.com
MZ Group, North America Joe McGurk, Managing Director
917-259-6895 PHUN@mzgroup.us
Safe Harbor / Forward-Looking Statements
This press release includes forward-looking statements. All
statements other than statements of historical facts contained in
this press release, including statements regarding our future
results of operations and financial position, business strategy and
plans, and our objectives for future operations, are
forward-looking statements. The words “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “expose,” “intend,”
“may,” “might,” “opportunity,” “plan,” “possible,” “potential,”
“predict,” “project,” “should,” “will,” “would” and similar
expressions that convey uncertainty of future events or outcomes
are intended to identify forward-looking statements, but the
absence of these words does not mean that a statement is not
forward-looking. For example, Phunware is using forward-looking
statements when it discusses the proposed offering and the timing
and terms of such offering and its intended use of proceeds from
such offering should it occur.
The forward-looking statements contained in this press release
are based on our current expectations and beliefs concerning future
developments and their potential effects on us. Future developments
affecting us may not be those that we have anticipated. These
forward-looking statements involve a number of risks, uncertainties
(some of which are beyond our control) and other assumptions that
may cause actual results or performance to be materially different
from those expressed or implied by these forward-looking
statements. These risks and uncertainties include, but are not
limited to, those factors described under the heading “Risk
Factors” in our filings with the SEC, including our reports on
Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC
from time to time. Should one or more of these risks or
uncertainties materialize, or should any of our assumptions prove
incorrect, actual results may vary in material respects from those
projected in these forward-looking statements. We undertake no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as may be required under applicable securities laws. These
risks and others described under “Risk Factors” in our SEC filings
may not be exhaustive.
By their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future. We caution
you that forward-looking statements are not guarantees of future
performance and that our actual results of operations, financial
condition and liquidity, and developments in the industry in which
we operate may differ materially from those made in or suggested by
the forward-looking statements contained in this press release. In
addition, even if our results or operations, financial condition
and liquidity, and developments in the industry in which we operate
are consistent with the forward-looking statements contained in
this press release, those results or developments may not be
indicative of results or developments in subsequent periods.
Phunware (NASDAQ:PHUN)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Phunware (NASDAQ:PHUN)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024