From TechCrunch · Sarah Perez · · 1m 20s
Automattic names interim CFO after exec departures
WordPress parent company appoints Jeremy Klaperman as interim CFO following board upheaval and CEO Matt Mullenweg's brief ouster.
In brief
WordPress parent company appoints Jeremy Klaperman as interim CFO following board upheaval and CEO Matt Mullenweg's brief ouster. Automattic is stabilizing leadership after a failed boardroom coup, with Mullenweg back in control and new interim executives in place. Originally reported by TechCrunch.
Automattic appoints interim CFO
Jeremy Klaperman, CFO of WordPress VIP Enterprise, becomes interim chief financial officer after Mark Davies departed during the board upheaval.
Board coup attempt backfires
Last week, board members tried to oust CEO Matt Mullenweg but failed. The board members who voted against him have since departed, along with CFO Mark Davies and Chief Legal Officer Andy Missan.
Mullenweg returns as CEO
After a 33-hour absence, Matt Mullenweg retook control of Automattic. Mark Davies briefly served as interim CEO before Mullenweg's return.
Klaperman has CFO experience
Klaperman previously served as Automattic CFO when Mark Davies took a sabbatical, so he's familiar with the role and the company's finances.
New legal chief being recruited
A candidate to become chief legal officer has verbally accepted the position, replacing Andy Missan who departed during the board crisis.
Mullenweg expresses confidence
Mullenweg stated he has 100% confidence in Automattic's cash position and financial health, saying execution depends only on the company's ability to perform.
“I have 100% confidence in our cash and financial position”
The big picture
Automattic is stabilizing leadership after a failed boardroom coup, with Mullenweg back in control and new interim executives in place.
