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Smartsheet names new board member, plans for growth

EditorAhmed Abdulazez Abdulkadir
Published 22/03/2024, 13:14
© Reuters.
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BELLEVUE, Wash. - Smartsheet Inc . (NYSE: NYSE:SMAR), a leader in enterprise work management platforms, announced the appointment of Katie Rooney as a member of its board of directors. Rooney, who currently serves as the Global Chief Financial Officer and Chief Operating Officer at Alight, brings over two decades of financial and operational expertise to the company.

The addition of Rooney to the Smartsheet board coincides with the company's push into its next growth phase, having recently achieved $1 billion in annualized recurring revenue, a milestone in the Collaborative Work Management industry.

Mark Mader, CEO of Smartsheet, expressed confidence in Rooney's capabilities, emphasizing her deep financial acumen and diverse industry experience. According to Mader, Rooney's insights will be valuable as the company seeks to broaden its enterprise-grade platform to a wider range of organizations.

Rooney's appointment will be effective as the current board members Brent Frei, co-founder of Smartsheet, and Elena Gomez, who served as the audit committee chair, retire on June 18, 2024. Mader acknowledged Frei's pivotal role in the company's inception and growth, as well as Gomez's critical guidance which helped shape Smartsheet's strategic direction.

Following these transitions, the Smartsheet board will consist of ten directors. Katie Rooney's professional background includes senior finance roles at Aon (NYSE:AON) and investment banking at Morgan Stanley (NYSE:MS). She also serves on the Board of Trustees for Window to The World Communications, Inc.

Smartsheet is known for its enterprise work management solutions, trusted by a significant portion of Fortune 500 companies. The company's platform is designed to enhance performance and foster innovation within organizations.

This announcement is based on a press release statement from Smartsheet.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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