Similarweb CFO Jason Schwartz Announces Departure for New Opportunities

Similarweb's CFO, Jason Schwartz, is leaving the company to pursue other opportunities. He will continue in his role until a successor is appointed. Schwartz's departure was announced by the digital data and market intelligence company, which is listed on the NYSE under the ticker SMWB.

SimilarWeb Ltd. (NYSE: SMWB), a digital data and market intelligence company, announced on Tuesday that its Chief Financial Officer, Jason Schwartz, will be leaving the company to pursue other opportunities. Schwartz, who has been with the company for a decade, will continue in his role until a successor is appointed to ensure a smooth transition [1].

The company initiated a search for a new CFO, with Schwartz remaining in his current position until his departure or a successor is appointed. The pre-market trading saw SimilarWeb's stock fall by 3.75% to $10 on the New York Stock Exchange [2].

Or Offer, Co-Founder and CEO of SimilarWeb, expressed gratitude for Schwartz's contributions, stating, "Jason has been an integral part of SimilarWeb’s journey. Since joining the company 10 years ago, he has helped guide us from a $20 million revenue startup to a fast-growing, profitable, and cash-generative business listed on the NYSE" [1].

Despite the executive change, SimilarWeb emphasized its strong financial position. The company recently reported second quarter financial results that exceeded expectations, including positive non-GAAP operating profit. Offer expressed confidence in meeting third quarter financial targets and reaffirmed full-year guidance [1].

Schwartz reflected on his tenure, stating, "It’s been an incredible journey. I’m proud of what we’ve achieved and grateful to Or and the rest of the team for the opportunity to help build one of the most innovative companies in digital intelligence" [1].

The company remains focused on executing its strategic priorities, including AI innovation, enterprise expansion, and sustainable growth, according to Offer [1].

References:
[1] https://www.investing.com/news/stock-market-news/similarweb-stock-falls-after-cfo-jason-schwartz-announces-departure-93CH-4219801
[2] https://www.nasdaq.com/articles/similarweb-cfo-jason-schwartz-resigns-stock-fell-pre-market