- Push-out Score determined
- After about two and a half years in the position
- Patrick Brickley and Vernon Irvin taking over temporarily
- Search for a successor
(exechange) — Burlington, Massachusetts, December 9, 2021 — David Meredith, chief executive of Everbridge, leaves. As announced by Everbridge Inc. in a news release and in a regulatory filing published on Thursday, December 9, 2021, David Meredith, chief executive officer, leaves the software company, after about two and a half years in the role, effective January 30, 2022.
Everbridge will undertake a search for a successor.
David Meredith’s duties as CEO will be taken over temporarily by Patrick Brickley and Vernon Irvin, currently Chief Financial Officer (Brickley) and Chief Revenue Officer (Irvin) at Everbridge Inc., as Interim Co-Chief Executive Officers.
No reason given
In the announcement, Everbridge did not explicitly explain the reason for the move.
Precise information regarding David Meredith’s future plans was not immediately available.
Everbridge said: “David Meredith has notified the Board of Directors of the Company of his intention to resign from his role as Chief Executive Officer (“CEO”) of the Company and as a member of the Board of Directors of the Company. The Board of Directors has accepted Mr. Meredith’s resignation.”
Everbridge further said: “On December 6, 2021, David Meredith, the registrant’s Chief Executive Officer and a member of the Board of Directors, informed the registrant that he intends to resign his positions with the registrant, effective January 30, 2022. On December 8, 2021, the registrant’s Board of Directors accepted Mr. Meredith’s resignation.”
“Not related to any matter”
“Mr. Meredith’s resignation is not related to any matter regarding the Company’s financial condition, reported financial results, internal controls or disclosure controls and procedures,” Everbridge said.
Share price decline since January 2021
The announcement follows a decline in Everbridge Inc.’s share price of 18% since January 2021.
In the position of CEO since 2019
David Meredith became CEO of the Company in 2019.
David Meredith has served as the Company’s Chief Executive Officer and a member of the Company’s Board since July 2019.
Meredith joined Everbridge from Rackspace Inc., a global managed cloud computing company, where he served as Chief Operating Officer from November 2018 to June 2019, Chief Operating Officer and Chief Product Officer from August 2017 to November 2018, and Group President from May 2017 to August 2017.
Prior to that, Meredith served as the President of Global Data Center Hosting at CenturyLink, Inc., a global communications technology company, from May 2016 to May 2017.
Meredith has a master’s degree from the University of Virginia and a Bachelor of Business Administration in Corporate Finance from James Madison University.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding David Meredith’s move on a scale of 0 to 10.
exechange reached out to Everbridge and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 50.2021 ($).