NEW
YORK, Aug. 8, 2023 /PRNewswire/
-- LivePerson, Inc. (NASDAQ: LPSN) ("LivePerson" or the
"Company"), a global leader in Conversational AI, today announced
that John Collins, the Company's
Chief Financial Officer, has been appointed to the additional role
of interim Chief Executive Officer. In connection with the
appointment, Robert LoCascio has
stepped down as CEO and as a member of the Board of Directors,
effective August 7, 2023. He will
continue as a Special Advisor to the Company through December 31, 2023.
The Board has been working with a nationally recognized
executive search firm to identify LivePerson's next CEO and intends
to effect a smooth and orderly transition.
Board Chair, Jill Layfield, said,
"John is the right person to step in on an interim basis as CEO and
is well-positioned to continue advancing our strategy with the
Board's ongoing support and oversight. Together with the deep bench
of talent across the organization, including LivePerson's finance
team who will continue to support John in his capacity as CFO, we
will ensure LivePerson doesn't miss a beat."
Layfield added, "As the search for our next CEO progresses, we
will benefit from Rob's involvement as a Special Advisor to
facilitate an orderly transition. We are grateful for his
contributions and wish him the best in his next chapter."
Collins said, "With the recent product launch and rightsized
cost structure, we are strongly positioned to meet our customers'
evolving needs and accelerate profitable growth. I am committed to
ensuring we continue to execute on the strategy and enhance value
for shareholders."
LoCascio commented, "Having worked closely with John as CFO, I
have every confidence in his ability to take on the additional role
of interim CEO. Moreover, LivePerson has an incredibly dedicated
team of employees who, together with John and the rest of the
management team, will continue to drive the Company's success. I
look forward to supporting a smooth transition in my capacity as a
Special Advisor."
The Company notes that Mr. LoCascio's departure did not result
from any disagreement regarding LivePerson's financial statements
or disclosures.
2023 Second Quarter Financial Results
In a separate
press release issued today, LivePerson reported 2023 second quarter
financial results. LivePerson will host a conference call and live
webcast at 5 p.m. ET today to discuss
its financial results. The live webcast and replay will be
available on the LivePerson website at
https://ir.liveperson.com.
About John Collins
John Collins, 41, has served as
CFO of LivePerson since 2020, overseeing the Company's finance
organization. As CFO, Collins has played a critical role in driving
LivePerson's corporate strategy and business development efforts,
including successfully executing M&A, divestiture, and capital
markets transactions. Collins previously led the development of
automations and machine learning to support strategic
decision-making and predictive analytics as LivePerson's Senior
Vice President of Quantitative Strategy. Prior to joining
LivePerson in 2019, Collins pioneered approaches for transforming
third-party data exhaust into investment signals as Co-Founder and
Chief Product Officer of Thasos, a cloud-based artificial
intelligence platform. Collins also served as portfolio manager for
a systematic equities strategy at an NYC-based hedge fund.
Collins's previous financial services experience includes executing
leverage finance transactions at Credit Suisse and building
automated equity surveillance systems to detect suspicious trading
activity at the New York Stock Exchange. Collins holds an MBA from
MIT's Sloan School of Management, a JD
from Chicago-Kent College of Law, and a BS from the University of Central Florida.
About LivePerson, Inc.
LivePerson (NASDAQ: LPSN) is
the global leader in enterprise conversations. Hundreds of the
world's leading brands — including HSBC, Chipotle, and Virgin Media
— use our award-winning Conversational Cloud platform to connect
with millions of consumers. We power nearly a billion
conversational interactions every month, providing a uniquely rich
data set and safety tools to unlock the power of Conversational AI
for better business outcomes. Fast Company named us the #1 Most
Innovative AI Company in the world. To talk with us or our AI,
please visit liveperson.com.
Forward Looking Statements
Statements in this press
release regarding LivePerson that are not historical facts are
forward-looking statements and are subject to risks and
uncertainties that could cause actual future events or results to
differ materially from such statements. Any such forward-looking
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. It is routine for
our internal projections and expectations to change as the quarter
and year progress, and therefore it should be clearly understood
that the internal projections and beliefs upon which we base our
expectations may change. Although these expectations may change, we
are under no obligation to inform you if they do. Some of the
factors that could cause actual results to differ materially from
the forward-looking statements contained herein include without
limitation, our ability to execute on and deliver our current
business and product plans and goals, and the other factors
described in the Risk Factors section of the Company's most
recently filed Annual Report on Form 10-K for the year ended
December 31, 2022, filed with the SEC
on March 16, 2023 and as from time to
time updated in LivePerson's Quarterly Reports on Form 10-Q. The
list of risk factors is intended to identify only certain of the
principal factors that could cause actual results to differ from
those discussed in the forward-looking statements.
Media Contact:
Mike
Tague
pr@liveperson.com
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SOURCE LivePerson, Inc.