Domo Announces Management Transition | News

SILICON SLOPES, Utah–(BUSINESS WIRE)–March 1, 2022–

Domo, Inc. (Nasdaq: DOMO) today announced a leadership transition, effective immediately, that leverages the breadth and depth of the company’s existing talent to drive continued growth. John Mellor, Domo’s chief strategy officer since 2019, has been named chief executive and board member. Catherine Wong, Chief Product Officer and EVP of Engineering at Domo since 2013, has been appointed Chief Operating Officer.

Josh James has stepped down as CEO, chairman and director of the company. Josh founded Domo in 2010 with a mission to transform business by putting data to work for everyone. The company has grown considerably since that time. For the fourth quarter of fiscal 2022, Domo achieved record billings of $108 million, a 30% year-over-year increase. Domo became cash flow positive in fiscal year 2021.

Domo also announced that the board had elected Carine Clark as executive chairwoman and appointed John Pestana as the new independent director. Carine has been a director since March 2019 and was a member of the audit committee and chair of the compensation committee. She previously served as President and CEO at Banyan, a SaaS company, and is currently a venture partner at Pelion Venture Partners. Previously, Carine held senior positions in software, market research and marketing companies. John Pestana is a distinguished entrepreneur, co-founder and CEO of ObservePoint. He was also a co-founder of Omniture, which was acquired by Adobe in 2009. With the appointment of John Pestana, the size of the board of directors will increase from seven to eight members.

“I am delighted to become Executive Chairman of Domo and look forward to working closely with John and Catherine in their new roles. These two appointments are a natural progression for these respected and talented executives, who have each held leadership roles at Domo and Adobe,” said Carine. “John has contributed significantly to our progress since joining Domo in 2019 and is keenly focused on advancing our growth strategy and maintaining operational efficiency. At Adobe, he was vice president of strategy and business for the company’s digital experience business unit, which grew annual revenue from $300 million to nearly $3 billion. . We are confident that John has the experience and expertise to lead our team into the next chapter of growth and innovation. Since joining Domo from Adobe in 2013, Catherine has added extensive technology and engineering management experience to Domo’s seasoned leadership team. As COO, she will be more empowered to guide Domo down a fast track.

“I joined Domo because of their amazing team, great technology and highly engaged customer base,” said John. “As CEO, I am committed to continuing our growth and industry leadership through our continued innovation for customers, a disciplined go-to-market strategy, and building on a culture of high performance and of inclusiveness. I am particularly pleased that Catherine has been promoted to COO and am grateful for the continued support and contributions of the entire Domo management team, which has helped Domo deliver significant value to our shareholders.

John continued: “I am extremely optimistic about our future and the power of the whole Domo team. Digital transformation remains a huge opportunity and the outlook remains strong for years to come. We are well positioned to help clients improve the millions of decisions and processes in their organizations through data. Speed ​​and scale are key, and that’s where we win. We will continue to leverage our technology advantages and customer-centric approach to drive our growth. »

Josh said: “We brought John Mellor into the business almost three years ago because of his leadership qualities and deep industry experience. I am very excited for the future of Domo under his leadership. I have an aligned and substantial interest in seeing Domo do well, and I will continue to be his greatest cheerleader. I look forward to seeing the next generation of leaders take Domo’s performance to the next level. »

Domo is consistently recognized as a leading provider of analytics and business intelligence platforms due to its commitment to product innovation, go-to-market initiatives and overall customer success. The company has seen continued market demand for its core modern BI solution and growing demand for data-driven applications to help customers run their business on the Domo platform, while achieving retention. over 90%.

About John Mellor

John has over 25 years of experience in the technology industry. Since 2019, he has been responsible for shaping Domo’s corporate strategy, positioning and marketing. Prior to Domo, John was vice president of strategy and business operations for Adobe’s Digital Experience business unit as the company grew from $300 million to nearly $3 billion in annual revenue. He joined Adobe following the acquisition of Omniture, the industry’s largest standalone web analytics company, where he served as executive vice president of strategy and business development. John holds a BS in Mechanical Engineering and an MBA from Brigham Young University.

About Catherine Wang

Catherine leads Domo’s global engineering, product and design teams. With extensive experience in technology and engineering management, she led the development of the Domo platform from the ground up. Its customer-centric approach has ensured Domo’s ability to grow at the speed and scale required by its customers. Prior to Domo, Catherine held several key global leadership positions at Adobe and Omniture in product, M&A and engineering. Catherine currently sits on the board of directors of Amplitude. She holds a bachelor’s degree in computer science from Brigham Young University.

About Carine Clark

Carine has served on the board of Domo since March 2019. She was previously President and CEO of Banyan, a SaaS company, and is currently a venture partner at Pelion Venture Partners. She previously served as President and CEO of Allegiance Software from January 2013 until its acquisition by Maritz Market Research and became MaritzCX in December 2014. After the acquisition, Carine continued to serve as President and CEO of MaritzCX, a customer experience and market research company, until December 2016. She is a member of the board of directors of Focus Universal and a number of private companies, as well as of community groups and serves on the boards of the Utah Governor’s Office of Economic Opportunity and Silicon Slopes. . Carine holds a BA in Organizational Communications and an MBA from Brigham Young University.

About John Pestana

John has over 20 years of experience in SaaS software development and digital data and analytics. A distinguished entrepreneur, he is currently CEO of ObservePoint, a data governance company that helps clients manage technology, marketing and privacy in a digital ecosystem. Prior to ObservePoint, John was the co-founder of Omniture, which grew from a student-run company to a publicly traded global company in 2006 before the company was acquired by Adobe in 2009. The influence and John’s accomplishments as a pioneering leader have been recognized by Ernst and Young and the BYU Marriott School Center for Entrepreneurship & Technology. He also sits on the National Board of the Digital Analytics Association.

About Domo

Domo (Nasdaq: DOMO) is the enterprise cloud, transforming business by putting data to work for everyone. With Domo, critical processes that used to take weeks, months, or longer can now be executed on the fly, in minutes or seconds, at incredible scale. For more information, visit www.domo.com. You can also follow Domo on Twitter, Facebook and LinkedIn.

Domo, Domo Business Cloud and Domo is the Business Cloud are registered trademarks of Domo, Inc.

Forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding our future growth and performance, our market opportunity and the demand for our products and services. Forward-looking statements are subject to risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from anticipated results, and the results reported should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from expected results include, among others, the risks and uncertainties included under “Risk Factors” and elsewhere in our filings with the Securities and Exchange Commission. United States. All information provided in this release and in the attachments is as of the date hereof, and we undertake no obligation to update such information except as required by law.

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CONTACT: Julie Kehoe

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KEYWORD: UTAH UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY DATA MANAGEMENT

SOURCE: Domo, Inc.

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PUBLISHED: 03/01/2022 16:05 / DISK: 03/01/2022 16:06

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