customer experience management technology
Five9 Appoints Sagar Gupta to Board of Directors to Drive Shareholder Value
Five9 Appoints Sagar Gupta to Board of Directors to Drive Shareholder Value
Business Wire
Published on : Dec 11, 2024
Five9, the provider of the Intelligent CX Platform, has appointed Sagar Gupta, Portfolio Manager at Anson Funds, to its Board of Directors, effective immediately. This strategic appointment is expected to contribute valuable insights as the company continues to grow, expand margins, and create significant returns for shareholders.
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A Strong Strategy for Growth
- Mike Burkland, Chairman and CEO of Five9, expresses confidence in the company's strategy for durable growth, margin expansion, and strong cash flow generation.
- Gupta’s appointment strengthens the Board's ability to execute this vision and generate shareholder returns.
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Gupta’s Expertise and Background
- Sagar Gupta brings over a decade of experience in the technology, media, and telecommunications sectors.
- His prior roles include serving on the Board of Directors of Momentive Global (SurveyMonkey’s parent company).
- Currently, Gupta is the Portfolio Manager and Head of Active Engagement at Anson Funds.
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Collaboration for Market Adaptation
- Gupta’s involvement with Five9’s management and Board over recent months has led to valuable insights on market demands.
- He is excited to work with fellow directors to help Five9 adapt to these demands and address evolving customer needs.
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Cooperation Agreement with Anson Funds
- Five9 has entered into a cooperation agreement with Anson Funds Management and Anson Advisors, solidifying its partnership with the investment firm.
- Anson Funds will provide strategic input and has agreed to standstill, voting, and confidentiality commitments.
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Expanded Board for Strategic Direction
- With the addition of Gupta, Five9’s Board now has 10 members, with 9 being independent, enhancing the Board's strategic and governance capacity.
Sagar Gupta’s appointment to Five9’s Board marks a significant step in the company’s growth journey. With his extensive experience and fresh insights, Five9 is poised to adapt to market changes, drive innovation, and create long-term shareholder value.
