Empowering Leadership Changes at Upwork to Drive Growth
Upwork Strengthens Board with New Appointments
Upwork Inc. (Nasdaq: UPWK), a leading work marketplace, is excited to announce significant changes to its Board of Directors aimed at propelling its strategic vision and growth initiatives. This transformation comes as the company aims to solidify its position as the premier destination for AI-driven talent and services, as well as to enhance its offerings for enterprise clients.
New Additions Bring Diverse Expertise
In the wake of Upwork's Annual Meeting of Stockholders, which took place recently, the company welcomed two seasoned professionals, Dana L. Evan and Glenn Kelman, to its Board. Their appointments signify a strategic move to fuse operational excellence with innovative market leadership.
Leadership Experience of Glenn Kelman
Glenn Kelman, the CEO of Redfin, joins Upwork’s Board bringing a wealth of experience in nurturing technology-driven marketplaces. Under his leadership, Redfin has undergone a remarkable transition bolstered by digital advancements. Before his tenure at Redfin, Kelman was a co-founder of Plumtree Software, navigating the company through critical growth phases in various leadership roles across product and engineering. His insights will serve as valuable assets, particularly in his role on the Compensation Committee.
Dana Evan's Financial Acumen
Joining her is Dana Evan, who previously served as the Chief Financial Officer at VeriSign. Her extensive background includes board positions at other notable technology firms such as Box and Nextdoor. Evan’s leadership in financial strategy and governance will be crucial as she assumes the role of Chair of the Audit, Risk and Compliance Committee and participates in the Compensation Committee and the Nominating and Governance Committee.
Acknowledging Valuable Contributions
As the Board transitions, Upwork expresses sincere gratitude towards Gregory C. Gretsch and Elizabeth “Betsey” Nelson for their years of dedicated service. Gretsch, a founding investor since 2014, retires, while Nelson, who joined in 2015 and held crucial committee positions, opted not to seek re-election. Their contributions have been instrumental in guiding Upwork through various phases of growth.
Pioneering the Future of Work
In a recent statement, Hayden Brown, Upwork’s President and CEO, expressed enthusiasm about the new appointments, emphasizing their alignment with the company's vision of innovating work for the AI era. He highlighted Kelman’s capabilities as a marketplace builder and Evan’s expertise in scaling public companies as crucial factors that will drive Upwork’s strategy forward.
Thomas Layton, the Chair of the Board, also reflected on the dynamic opportunities ahead for Upwork with these new perspectives in leadership, reinforcing their commitment to long-term growth and evolution within the marketplace landscape.
About Upwork: A Leader in Independent Talent
Upwork stands as the largest online platform connecting businesses with a global talent pool of skilled professionals. The platform caters to a diverse array of requirements, enabling businesses—from startups to Fortune 100 companies—to leverage highly specialized skills across more than 10,000 categories, including AI & machine learning, software development, and marketing.
In its mission to create economic opportunities, Upwork has facilitated over $25 billion in earnings for freelancers worldwide, empowering them to thrive in a competitive landscape. The company continues to enhance its service offerings to meet the evolving needs of businesses seeking efficiency and innovation.
Frequently Asked Questions
What prompted the changes in Upwork’s Board of Directors?
The changes were made to support Upwork's long-term strategy aimed at leading in AI talent and enhancing enterprise offerings as the company evolves.
Who are the new members on Upwork's Board?
The new members are Dana L. Evan, former CFO of VeriSign, and Glenn Kelman, CEO of Redfin, known for their extensive leadership experience in technology-driven businesses.
What roles will the new members hold in the Board?
Dana Evan will serve as Chair of the Audit, Risk and Compliance Committee, while Glenn Kelman will be a member of the Compensation Committee.
What impact do these new appointments have on Upwork’s future?
Their expertise in financial management and marketplace operations is expected to significantly bolster Upwork's growth trajectory and market position.
What is Upwork’s mission as a company?
Upwork’s mission is to connect businesses with skilled independent professionals globally and facilitate meaningful economic opportunities for freelancers in various industries.
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