Smartsheet Inc. (NYSE: SMAR) has appointed Katie Rooney, the global Chief Financial Officer and Chief Operating Officer at Alight, to its board of directors. Rooney brings with her over 22 years of experience in finance and capital markets, and her appointment comes as Smartsheet is entering the next phase of growth after achieving a significant milestone. The company recently became the first in the collaborative work management industry to reach $1 billion in annualized recurring revenue.
Simultaneous to Rooney's appointment, Brent Frei and Elena Gomez will be retiring from the Smartsheet board of directors effective June 18, 2024. Frei, a co-founder of Smartsheet, played a core role in the inception and pre-IPO growth of the company. Elena Gomez, who joined the board in advance of its IPO, provided critical guidance and insight during her over six years of service, particularly in her role as the chair of the board's audit committee.
Following these transitions, the Smartsheet board of directors will be comprised of ten directors.
These changes in the board come at a significant juncture for the company as it aims to expand its enterprise-grade work management platform to organizations of all sizes, globally. The addition of Katie Rooney, with her deep financial expertise and diverse industry knowledge, is expected to bring a fresh perspective to the board as Smartsheet sets its sights on global enterprise expansion. Following these announcements, the company's shares moved -0.2%, and are now trading at a price of $39.52. If you want to know more, read the company's complete 8-K report here.
