SAN JOSE, Calif., Feb. 28, 2022 (GLOBE NEWSWIRE) – Zoom Video Communications, Inc. announced (NASDAQ: ZM) that it has appointed Bill McDermott as an independent director on Zoom’s Board of Directors beginning March 1. McDermott will replace Bart Swanson, an early Zoom investor who left the Zoom Board following more than eight years service.
Bill McDermott is one of the most successful leaders in the technology industry. He currently serves as president, chief executive officer and director of market -leading SaaS company ServiceNow. Throughout his distinguished career, he has served as CEO of SAP and board of director roles for major global brands including, Under Armor, Ansys, Dell SecureWorks and Fisker, Inc.
“Zoom is a widely recognized, highly admired brand with incredible growth opportunities,” McDermott said. “I am excited to partner with Eric Yuan, an inspiring founder with a bold vision to improve people’s lives on the Zoom platform. I am also excited to join the Board at this milestone moment for video, voice, chat and content sharing. I believe this company has tremendous potential to drive the expansion of the Zoom platform.
“On behalf of Zoom’s Board of Directors, I am pleased to welcome Bill to Zoom,” said Zoom Founder and CEO Eric S. Yuan. “Bill is one of the most respected and admired leaders in the technology industry. His operational expertise and experience driving growth in scale will be invaluable as we work to advance Zoom to support the next generation of customers and partners. We look forward to Bill’s insights and contributions. “
Yuan continued, “I would also like to thank Bart for his many years of dedication to Zoom, belief and success in the company since our early days, and for the valuable contributions he has made in helping Zoom become the company it is today. . We wish him well in his future endeavors. “
About Bill McDermott
Bill McDermott served as Chief Executive Officer and member of the Board of Directors of ServiceNow, Inc., a public digital workflow company since November 2019. From 2010 to 2014, McDermott served as Co-Chief Executive Officer, and from 2014 to 2014 October 2019, as the sole Chief Executive Officer, of SAP SE (“SAP”), a multinational software company providing enterprise software. McDermott joined SAP in 2002 as Chief Executive Officer of SAP America, Inc., and served on the SAP Executive Board from 2008 to October 2019. Prior to joining SAP, McDermott served as Executive Vice President of Worldwide Sales and Operations at Siebel Systems , Inc. and served as President of Gartner, Inc. Prior to that, McDermott held several senior executive roles at Xerox Corporation. McDermott currently serves on the board of directors of Fisker Inc., an automotive technology company. McDermott received a BA in business management from Dowling College, received his MBA from Northwestern University’s Kellogg School of Management and completed the Executive Development Program at the Wharton School of Business.
Zoom is for you. Zoom is a space where you can connect with others, share ideas, make plans, and build toward the future limited only by your imagination. Our frictionless communication platform is the only one that started with video as its foundation, and we have set the standard for change ever since. That’s why we’re an intuitive, scalable, and secure option for individuals, small businesses, and large businesses. Founded in 2011, Zoom is publicly traded (NASDAQ: ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.
This press release contains express and implied “forward statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about Zoom’s exciting growth opportunities. In some cases, you can define future statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “have,” “maight,” “plan , ”“ Project, ”“ is, ”“ want, ”“ should, ”“ can, ”“ can, ”“ predict, ”“ potential, ”“ target, ”“ explore, ”“ continue, ”or the negative of these terms, and similar expressions intended to define future statements. By their nature, these statements are subject to many uncertainties and risks, including factors beyond our control, that could cause actual results, performance or success to differ materially and badly from to expectations or implied in the statements, including those described under the caption “Risk Factors” and elsewhere in our most recent submissions to the Securities and Exchange Commission (the “SEC”), including our quarterly report on Form 10-Q for the fiscal quarter ended October 31, 2021. Forward-looking statements speak only as of the date the statements were made and are based on information available to Zoom at the time the statements were made. those statements and/or good faith beliefs of management at that time in relation to future events.Zoom has no obligation to update forward-looking statements in order to g show events or circumstances after the date they were made, unless required by law.
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