Automattic Appoints New CFO After Failed CEO Ouster Attempt
Following a failed attempt to remove its founder and CEO Matt Mullenweg from his position earlier this month, Automattic has appointed Jeremy Klaperman as interim CFO. The board had reportedly voted to install former CFO Mark Davies as interim CEO in place of Mullenweg, who alleged that Davies conspired with other board members on the move. However, after a brief period during which he was placed on paid leave, Mullenweg returned to his role and several involved board members have since left the company. Davies also reportedly departed Automattic before receiving clarity regarding severance packages agreed upon by him and former chief legal officer. Klaperman brings prior experience as a finance leader within Automattic's WordPress VIP Enterprise division, according to LinkedIn data. The situation highlights an increasing trend of CFOs being viewed as potential successors in leadership roles. The article also outlines key upcoming U.S. market events for the week ahead.
Topics: Automattic board conflict CEO ouster attempt CFO change