Magnite Announces Addition of Two New Board Members
March 22 2022 - 8:00AM
Magnite (NASDAQ: MGNI), the world’s largest independent sell-side
advertising platform, today announced the addition of two new
members to its Board of Directors: Diane Yu, CTO of digital
homeownership company Better and co-founder/former CTO of
Freewheel; and Dave Pearson, former CFO of Vonage and seasoned
investment banker. Mr. Pearson, who currently serves on the Audit
Committee of Lee Enterprises, a public media company listed on
NASDAQ, will also join as a member of the Audit Committee.
"Dave and Diane bring incredible expertise and leadership to our
Board that will be invaluable to the company as we execute our
plans for 2022 and beyond," said Michael G. Barrett, President
& CEO of Magnite. “Diane brings extensive experience building,
leading and scaling engineering teams for large digital advertising
technology companies such as FreeWheel, Comcast and DoubleClick,
while Dave offers expertise in capital markets, mergers and
acquisitions and public company accounting, controls and financial
reporting, as well as significant operational experience as a
public technology company executive.”
“Magnite has a strong technology foundation and I look forward
to collaborating with its engineering teams to continue building
out robust solutions for publishers and buyers,” said Ms. Yu. “The
groundwork that the exceptional Magnite engineers have laid is a
great runway for more innovation and focus on the platform and its
capabilities.”
“I am honored to join Magnite’s board and look forward to
working with Michael and the rest of the team at this pivotal time
of the company’s growth,” said Mr. Pearson. “Magnite’s vision and
market opportunity have the potential to transform digital
advertising to make it more efficient and impactful, and I’m
excited to support the company in realizing this goal.”
Diane Yu has served as the Chief Technology Officer of
Better.com since January 2021 where she is responsible for the
strategic leadership of the Engineering team and for charting
Better’s long-term technology vision. Prior to Better, she was the
CTO for Comcast Advertising and the Co-Founder and CTO of
FreeWheel, a technology platform for advertising management and
monetization, which she built from the ground up, and which was
sold to Comcast in 2014. As FreeWheel’s Co-Founder and CTO, Ms. Yu
led the architecture and operation of FreeWheel’s video
monetization platform for 14 years, overseeing a global engineering
team spanning the Americas, Europe, and China.
Ms. Yu began her career at DoubleClick, where she played a
critical role in architecting and managing the development of the
company’s advertising product suite while leading engineering
teams, up until the company’s sale to Google. Diane earned her
Bachelor of Science from Peking University and holds a Master of
Science from Ohio University. Cablefax has recognized Diane as one
of its most powerful women and most influential Minorities since
2017, and She Runs It named her as one of their “Working Moms of
the Year” for 2021.
Dave Pearson has served on the Board of Directors of Lee
Enterprises Inc., a public media company listed on NASDAQ, since
February 2020, and is also a member of Lee's Audit Committee. Mr.
Pearson was Chief Financial Officer of Vonage Holdings where he
played an integral role in driving the company’s successful pivot
from a residential communications provider to a leading cloud
communications provider for businesses.
Before Mr. Pearson joined Vonage, he spent over nine years with
Deutsche Bank Securities as a Managing Director and Global Media
& Telecom Group Head, where he built and managed a global group
of over 75 investment banking professionals. Prior to joining
Deutsche Bank, Mr. Pearson served in various roles at Goldman,
Sachs & Co. in the Technology, Media & Telecommunications
investment banking practice for over nine years, most recently as
Managing Director. He started his career at Coopers & Lybrand
and holds a M.B.A. from Harvard Business School and an A.B. in
Political Science and Organizational Behavior from Brown
University.
About Magnite
We’re Magnite (NASDAQ: MGNI), the world’s largest independent
sell-side advertising platform. Publishers use our technology to
monetize their content across all screens and formats including
CTV, online video, display, and audio. The world’s leading agencies
and brands trust our platform to access brand-safe, high-quality ad
inventory and execute billions of advertising transactions each
month. Anchored in bustling New York City, sunny Los Angeles, mile
high Denver, historic London, and down under in Sydney, Magnite has
offices across North America, EMEA, LATAM, and APAC.
Media Relations
Charlstie Veith
516-300-3569
cveith@Magnite.com
Investor Relations
Nick Kormeluk
949-500-0003
nkormeluk@Magnite.com
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