AppLovin Appoints Maynard Webb to Its Board of Directors

PALO ALTO, Calif.--(BUSINESS WIRE)--AppLovin Corporation (NASDAQ: APP) (“AppLovin” or the “Company”), the leading marketing platform, today announced the appointment of Maynard Webb, founder of Webb Investment Network (WIN), to AppLovin’s Board of Directors, as an independent director and member of the Audit Committee and Nominating and Corporate Governance Committee of the Board.

“We are thrilled to welcome Maynard Webb to the AppLovin board. 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,” said Adam Foroughi, Co-founder, CEO, and Chairperson of AppLovin. “With his extensive experience as an operator and board member, currently at Visa and Salesforce, Maynard’s insights will be instrumental as we pursue our vision of creating the world’s most impactful performance marketing platform.”

Along with starting WIN, an early-stage venture capital firm, in 2010, Mr. Webb served as the Chairman of the board of LiveOps, Inc., a cloud-based call center, from 2008 to 2013, and was the Chief Executive Officer from 2006 to 2011. Previously, Mr. Webb was the Chief Operating Officer of eBay, Inc. from 2002 to 2006, and President of eBay Technologies from 1999 to 2002. Prior to eBay, Mr. Webb was Senior Vice President and Chief Information Officer at Gateway, Inc., a computer manufacturer, and Vice President and Chief Information Officer at Bay Networks, Inc., a computer networking products manufacturer. Mr. Webb holds a Bachelor of Applied Arts degree from Florida Atlantic University.

“I’m honored to be joining Adam and the AppLovin board at this extraordinary phase of growth for the company,” said Webb. “It’s an exciting time to be able to share my expertise in building scalable platforms and operational excellence to support AppLovin’s vision and continued transformational growth.”

Mr. Webb currently serves on the board of directors of Salesforce, Inc. and Visa, Inc. Mr. Webb served as the Chairman of the board of directors at Yahoo! Inc. until 2017.

AppLovin also announced that Ted Oberwager, Managing Director at KKR, will not stand for re-election at the Company’s next annual meeting of stockholders. Mr. Oberwager intends to continue to serve as a member of the board through the end of his current term, which ends on the date of the 2025 Annual Meeting.

“On behalf of the board, I thank Ted for his contributions over the years and wish him the best,” said Foroughi.

AppLovin’s current board now consists of: Adam Foroughi, Co-founder and CEO of AppLovin; Herald Chen, former President and CFO of AppLovin; Craig Billings, CEO of Wynn Resorts; Margaret Georgiadis, Co-founder and CEO of Montai Health and CEO-Partner, Flagship Pioneering; Alyssa Harvey Dawson, former Chief Legal Officer and Corporate Secretary of HubSpot; Ted Oberwager, Managing Director at KKR; Eduardo Vivas, Chief Operating Officer of Humans, Inc.; Todd Morgenfeld, former CFO and Head of Business Operations at Pinterest; Barbara Messing, former Chief Marketing and Communications Officer at Roblox; and Maynard Webb, Founder of Webb Investment Network.

For more information on AppLovin’s leadership team, visit: www.applovin.com/leadership/.

About AppLovin

AppLovin makes technologies that help businesses of every size connect to their ideal customers. The company provides end-to-end software and AI solutions for businesses to reach, monetize and grow their global audiences. For more information about AppLovin, visit: www.applovin.com.

Source: AppLovin Corp.