Wix Announces Changes to Board of Directors to Support New Phase of Value Creation
NEW YORK, March 8, 2023 /PRNewswire/ -- Wix (Nasdaq: WIX), today announced changes to its Board of Directors. The announced changes are part of Wix's track record of regularly refreshing and enhancing its board to closely align with the changing operating environment as well as its current strategic objectives, balancing stability and expertise with change and adaptability. Additionally, these changes support Wix's continued transition to a new phase of value creation focused on product-led growth with sustained profitability and a commitment to achieving "Rule of 40" in 2025.
- Additionally, these changes support Wix's continued transition to a new phase of value creation focused on product-led growth with sustained profitability and a commitment to achieving "Rule of 40" in 2025.
- In these efforts, Wix announced the appointment of Gavin Patterson and Francesco de Mojana to Wix's Board of Directors.
- Wix also announced the resignation of Yuval Cohen and Roy Saar from the Board after many years of dedicated service.
- These new board members were carefully and strategically chosen to guide and support the Wix management team with key incremental skill sets.