HubSpot, Inc. Announces Management Changes, Effective September 7, 2021
August 04, 2021 at 09:23 pm
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On August 4, 2021, HubSpot, Inc. announced that, effective September 7, 2021, Brian Halligan will transition from his role as president of the company and will become executive chairman of the company’s board of directors. As Executive Chairman, Mr. Halligan will continue to play a meaningful role in driving the company’s long-term strategy, including partner and product strategy. On the same date, the company announced that Yamini Rangan, currently the company’s chief customer officer, has been appointed by the board of directors to serve as the company’s president, effective September 7, 2021 and upon Mr. Halligan’s transition from his current executive positions at the company. In connection with her appointment president, Ms. Rangan will replace Mr. Halligan as the company’s principal executive officer. The board of directors also approved an increase in the size of the board of directors to ten members and in the size of Class III from three to four, and the appointment of Ms. Rangan as a Class III director, in each case effective September 7, 2021. Ms. Rangan will serve as a Class III director of the Company until the company’s 2023 annual meeting of stockholders.
HubSpot, Inc. provides a customer platform that helps businesses connect and grow. The Company delivers seamless connection for customer-facing teams with a unified platform that includes artificial intelligence (AI)-powered engagement hubs, a smart customer relationship management product (CRM), and a connected ecosystem with over 1,500 app marketplace integrations, a community network, and educational content. Its engagement hubs include Marketing Hub, Sales Hub, Service Hub, Operations Hub, content management system (CMS) Hub and Commerce Hub, that enable companies to attract, engage, and delight customers throughout the customer lifecycle. The Smart CRM is the foundational layer that combines customer data with AI to power the entire customer platform with unified customer profiles and tools to manage and govern team and business processes. It focuses on selling to mid-market business-to-business (B2B) companies. The Company sells its customer platform on a subscription basis.