Source: LegalZoom
LegalZoom.com announced that the Company’s current Chairman of the Board of Directors, Jeffrey Stibel, has been named LegalZoom’s next CEO, effective immediately. LegalZoom has also appointed John Murphy as the Lead Independent Director of the Board. As part of this transition, current CEO, Dan Wernikoff, will be departing the Company, including resigning from the Board.
“The Board identified Jeff as the ideal CEO to lead LegalZoom’s next chapter,” said John Murphy. “He is a seasoned executive who has been a deeply involved member of the Board for nearly a decade, including serving in a leadership position as Chairman since 2018.
“He also brings ideal experience to the role, having been an executive officer of numerous technology services companies where he successfully scaled and enhanced profitability for subscription technology offerings – an increasingly key strategic focus area for LegalZoom. Finally, as one of our largest individual investors, Jeff will be closely aligned with all our shareholders as he focuses on creating long term value.”
“I am thrilled to be taking on this new challenge across a $51 billion serviceable addressable market with our amazing team,” said Jeffrey Stibel. “Given our leading brand position and the progress we have made shifting our business towards subscription revenue, I believe that LegalZoom is well positioned to disrupt the legal and compliance services industry focused on serving small businesses and consumers.”
Read the full article: https://investors.legalzoom.com/news-releases/news-release-details/legalzoom-announces-leadership-transition
