Jill Putman Appointed Interim CFO
Reiterates Fourth Quarter and Full Year 2024
Outlook
NEW
YORK, Jan. 3, 2025 /PRNewswire/ -- Integral
Ad Science (Nasdaq: IAS), a leading global media measurement and
optimization platform, today announced the departure of
Tania Secor as Chief Financial
Officer (CFO) and the appointment of Jill
Putman as Interim CFO, effective immediately. Ms. Secor
departed IAS to pursue new opportunities. IAS has commenced a
search for a new permanent CFO.
In addition, IAS is reiterating its revenue and adjusted EBITDA
outlook for the fourth quarter and full year 2024 that it provided
on November 12, 2024 in its third
quarter 2024 financial results release.
Lisa Utzschneider, Chief
Executive Officer of IAS, commented, "We thank Tania for her
contributions to our finance organization since joining two years
ago, and we wish her the best in her future endeavors. Jill has
been an IAS Board member since 2021 and has served as the Chair of
the Audit Committee. She is a trusted partner to IAS and a proven
finance leader with over 30 years of experience including as CFO of
Jamf Holding Corp. We are excited to welcome Jill to IAS in this
interim capacity as we prepare for a year of growth and
innovation."
Ms. Putman commented, "I am delighted to extend my partnership
with IAS as Interim CFO. I look forward to leading IAS's talented
finance team and to working across the organization to make a
positive impact at IAS based on my relevant finance experience and
my first-hand knowledge of the company."
Ms. Putman will continue to serve as a member of the Board but
has stepped down from her position as a member and the Chair of the
Audit Committee of the Board. The Board has appointed current IAS
Board member Bob Lord as a member
and the Chair of the Audit Committee.
About Jill Putman
Jill Putman is a globally
experienced executive with a full range of financial and leadership
expertise with particular emphasis in high growth, global
expansion, investor relations, and M&A. She served as the CFO
of Jamf Holding Corp. (Nasdaq: JAMF) from 2014 to 2022, where she
led the company's Finance, Investor Relations and Human Resource
functions. Prior to her role at Jamf, Ms. Putman was the Chief
Financial Officer at Kroll Ontrack from July
2011 until May 2014. From 1997
to 2009, Ms. Putman held several roles, including VP of Finance, at
Secure Computing, which was acquired by McAfee in 2008. Ms. Putman
began her career with KPMG, serving in its audit practice.
About Integral Ad Science
Integral Ad Science (IAS) is a leading global media measurement
and optimization platform that delivers the industry's most
actionable data to drive superior results for the world's largest
advertisers, publishers, and media platforms. IAS's software
provides comprehensive and enriched data that ensures ads are seen
by real people in safe and suitable environments, while improving
return on ad spend for advertisers and yield for publishers. Our
mission is to be the global benchmark for trust and transparency in
digital media quality. For more information, visit
integralads.com.
Disclosure Regarding Non-GAAP Financial Information
Adjusted EBITDA is a non-GAAP measure. Information about the
company's use of adjusted EBITDA can be found in its third
quarter 2024 financial results release.
Forward-Looking Statements
This press release contains forward-looking statements that are
subject to risks and uncertainties. All statements other than
statements of historical fact included in this press release are
forward-looking statements. Forward-looking statements give our
current expectations and projections relating to our financial
condition, results of operations, plans, objectives, future
performance, including guidance, expectations with respect to the
CFO transition described above, and our business, including
pipeline and industry trends. You can identify forward-looking
statements by the fact that they do not relate strictly to
historical or current facts. These statements may include words
such as "anticipate," "estimate," "expect," "project," "plan,"
"intend," "believe," "may," "will," "should," "can have," "likely,"
and other words and terms of similar meaning in connection with any
discussion of the timing or nature of future operating or financial
performance or other events. All forward-looking statements are
subject to risks and uncertainties that may cause actual results to
differ materially from those that we expected, including: (i) the
adverse effect on our business, operating results, financial
condition, and prospects from various macroeconomic factors,
including instability in geopolitical or market conditions; (ii)
our failure to innovate or make the right investment decisions;
(iii) our ability to provide digital or cross-platform analytics;
(iv) our failure to maintain or achieve industry accreditation
standards; (v) our dependence on integrations with advertising
platforms, demand side providers ("DSPs") and proprietary platforms
that we do not control; (vi) our ability to compete successfully
with our current or future competitors in an intensely competitive
market, including with respect to the Oracle opportunity; (viii)
our dependence on senior management and the impact of the CFO
transition described above; and (ix) other factors disclosed in our
filings with the SEC. Given these factors, as well as other
variables that may affect our operating results, you should not
rely on forward-looking statements, assume that past financial
performance will be a reliable indicator of future performance, or
use historical trends to anticipate results or trends in future
periods.
We derive many of our forward-looking statements from our
operating budgets and forecasts, which are based on many detailed
assumptions. While we believe that our assumptions are reasonable,
we caution that it is very difficult to predict the impact of known
factors, and it is impossible for us to anticipate all factors that
could affect our actual results. The forward-looking statements
included in this press release are made only as of the date hereof.
We undertake no obligation to update or revise any forward- looking
statement as a result of new information, future events or
otherwise, except as otherwise required by law.
Investor Contact:
Jonathan
Schaffer
ir@integralads.com
Media Contact:
press@integralads.com
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SOURCE Integral Ad Science, Inc.