- Push-out Score determined
- After less than three years in the position
- Praise and thanks for Boal
- Matt Krepsik taking over
- Boal spoke at length and said 145 words
(exechange) — Salt Lake City, Utah, March 24, 2022 — Steven Boal, chief executive of Quotient, leaves. As announced by Quotient Technology Inc. in a news release on Thursday, March 24, 2022, Steven Boal leaves his post as chief executive officer at the digital media and promotions technology company, after less than three years in the role, effective by year-end 2022.
Steven Boal’s duties as CEO will be taken over by Matthew (Matt) Krepsik, currently Chief Technology Officer at Quotient Technology Inc.
“Commitment to shareholder value creation”
Quotient did not give an explicit reason for Steven Boal’s departure from the CEO post. Quotient said: “Quotient Technology Inc. (NYSE: QUOT) (“Quotient” or the “Company”), the leading digital media and promotions technology company, today announced that its Board of Directors has implemented a series of actions consistent with its commitment to shareholder value creation.”
Precise information regarding Steven Boal’s future plans was not immediately available.
“Stepping down”
Quotient said: “Matthew Krepsik, currently Chief Technology Officer, will assume office as Quotient’s next Chief Executive Officer by year-end 2022. Mr. Krepsik will succeed Steven Boal, who has served as CEO since August of 2019, when he returned to execute a turn-around of the business, and will be stepping down at the time of the transition.”
Share price decline since August 2019
The announcement follows a decline in Quotient Technology Inc.’s share price of 36% since August 2019. August 2019 is the month in which Boal’s tenure as CEO began.
In the position of CEO since 2019
Steven Boal became CEO of the Company in 2019.
Steven Boal founded Quotient in 1998.
Boal has served as the Company’s Chief Executive Officer and Chairman of the Company’s Board since August 2019 and has been a member of the Board since 1998.
Boal was the Company’s Executive Chairman from September 2017 to August 2019, the Company’s CEO from 1998 until September 2017, the Company’s Chairman from February 2017 until September 2017, and the Company’s President from 1998 until September 2015.
Prior to founding Quotient, Boal served as Vice President of Business Development for Integral Development Corporation, a privately held financial software company.
Boal holds a B.A. from the State University of New York at Albany.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Steven Boal’s move on a scale of 0 to 10.
exechange reached out to Quotient and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 13.2022 ($).