Adam Stewart Appointed to Vivid Seats’ Board of Directors
Rhea-AI Summary
Vivid Seats (NASDAQ: SEAT) has appointed Adam Stewart to its Board of Directors, effective November 1, 2024. Stewart, currently Vice President of Consumer, Government & Entertainment at Google, brings nearly two decades of experience and will also serve on the company's Nominating and Corporate Governance Committee. He succeeds Tom Ehrhart, who is departing after three years. The appointment marks Vivid Seats' transition to having a majority independent Board in compliance with Nasdaq rules. Stewart's extensive background includes leadership roles at Google and Discovery Communications, where he oversaw national sales strategies for various networks.
Positive
- Transition to majority independent Board enhances corporate governance
- Addition of executive with extensive media, entertainment, and technology experience
- Strategic appointment strengthens marketing and technology expertise
Negative
- None.
News Market Reaction
On the day this news was published, SEAT declined 1.21%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
CHICAGO, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or “we”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced the effective date of the appointment of Adam Stewart to its Board of Directors is November 1, 2024. Stewart has also been appointed to Vivid Seats’ Nominating and Corporate Governance Committee. He joins Vivid Seats’ Board with extensive Media and Entertainment experience, including nearly two decades at Google, where he currently serves as Vice President, Consumer, Government & Entertainment.
“We are proud to welcome Adam to Vivid Seats’ Board of Directors,” said Stan Chia, Vivid Seats CEO. “He is an expert in performance marketing, a seasoned technology leader, and an experienced board member. We look forward to benefiting from Adam’s insight and guidance, as we continue to diversify our marketing channels while driving efficiencies and repeat orders. Given the depth of his experience, this appointment will further enhance the skillset and expertise of our esteemed Board, as we continue our focus on building shareholder value and executing our long-term growth strategy.”
“It's a privilege to join the Vivid Seats Board of Directors,” said Stewart. “As a dynamic and innovative company dedicated to providing exceptional customer experiences and connecting fans with unforgettable events, I'm excited to collaborate with the Board and management team to further Vivid Seats' growth and success.”
Currently at Google, Stewart leads advertising partnerships and solutions for Google, YouTube and the Google Marketing Platform, focusing on Consumer Goods, Government, and Entertainment sectors. His previous role at Google was Industry Director of Media & Entertainment. Prior to Google, Stewart held the position of Senior Vice President at Discovery Communications, where he oversaw a national sales leadership team and shaped sales strategies for a range of networks including Discovery Channel, TLC, Animal Planet, Travel Channel, and BBC America. He also contributes his expertise as a Board Member of Posse Los Angeles.
Stewart succeeds Tom Ehrhart, who is departing from Vivid Seats’ Board after three years of exceptional service, in connection with Vivid Seats’ transition to having a majority independent Board in compliance with applicable Nasdaq rules. As of November 1, 2024, following these changes, Vivid Seats will have a majority independent Board of Directors with fully independent Board committees.
Chia added, “On behalf of Vivid Seats and our Board of Directors, I would also like to take a moment to thank Tom for his countless contributions and years of dedicated service.”
Vivid Seats’ Board of Directors regularly evaluates its composition to maintain diverse skillsets, backgrounds and experiences. Vivid Seats is guided by a majority-diverse leadership team and majority-diverse Board of Directors that drive ethical decision-making across the organization and direct its long-term strategy.
About Vivid Seats
Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Based on the belief that everyone should “Experience It Live,” the Chicago-based company provides exceptional value by providing one of the widest selections of events and tickets in North America and an industry leading Vivid Seats Rewards program where all fans earn on every purchase. Vivid Seats has been chosen as the official ticketing partner by some of the biggest brands in the entertainment industry including ESPN, Rolling Stone, and the Los Angeles Clippers. Vivid Seats also owns Vivid Picks, a daily fantasy sports app. Through its proprietary software and unique technology, Vivid Seats drives the consumer and business ecosystem for live event ticketing and enables the power of shared experiences to unite people. Vivid Seats has been recognized by Newsweek as one of America’s Best Companies for Customer Service in ticketing. Fans who want to have the best live experiences can start by downloading the Vivid Seats mobile app, going to vividseats.com, or calling 866-848-8499.
Contacts:
Investors
Kate Africk
Kate.Africk@vividseats.com
Media
Julia Young
Julia.Young@vividseats.com
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