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Automattic names Jeremy Klaperman interim CFO following executive and board departures
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Jeremy Klaperman, previously the CFO of the WordPress VIP Enterprise unit, has been appointed as interim CFO of Automattic.
The appointment follows a period of instability involving an attempted ouster of CEO Matt Mullenweg and the subsequent exit of several executives. This leadership shift occurs while the company still needs to name new board members.
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Jeremy Klaperman takes over the role after the departure of former CFO Mark Davies.
A new Chief Legal Officer has verbally accepted a position to replace Andy Missan.
The company's next board meeting is scheduled for September 23.
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Automattic has appointed Jeremy Klaperman as interim CFO to fill the vacancy left by Mark Davies. Klaperman previously served as the CFO for the WordPress VIP Enterprise business unit and had acted as company CFO during a prior sabbatical taken by Davies. This move is part of a broader leadership restructuring following a failed attempt by the board to remove CEO Matt Mullenweg.
The organizational instability extended beyond the financial office, resulting in the departure of board members who voted against the CEO and the exit of Chief Legal Officer Andy Missan. Reports indicate that Davies and Missan signed reciprocal severance deals during a 33-hour window when Mullenweg was absent from the CEO role. A replacement for the Chief Legal Officer has verbally accepted the position.
The company currently operates without a finalized board, as new members have not yet been announced. The board will be required to evaluate both internal and external candidates before appointing a permanent CFO. Despite these departures, Mullenweg stated that the company's cash and financial position remain under control.
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