NEWS14 February 2019

SurveyMonkey CFO to retire

Financials News North America People Technology

US – Survey software company SurveyMonkey’s chief financial officer Tim Maly is to retire from the business.

Maly has been chief financial officer and chief operating officer at the company since 2009. Prior to joining the company, he was director of online sales and operation at Google.

He will continue in his role until 31st March 2019, before becoming a non-executive employee until 30th June 2019 to assist in the company’s search for a successor.

Maly’s retirement was announced, citing personal reasons, in the company’s financial results for the fourth quarter and fiscal year 2018. The company said it lost $25.2m in the fourth quarter, or 20 cents a share. Its Q4 revenue was $67.9m, an increase of 19% compared to the previous year.

SurveyMonkey filed for an initial public offering (IPO) in August last year.

Zander Lurie, chief executive at SurveyMonkey, said: “Tim has been a high integrity leader whose business acumen, values and resilience helped us achieve critical milestones over the years, culminating in the IPO. On behalf of our entire management team and board of directors, we are grateful for Tim’s leadership and friendship over the last decade.”