- After almost 15 years in the position
- Praise and thanks for Howard
- Ryan Barretto taking over
- Howard will remain as Executive Chair at Sprout
- Howard said 94 words
(exechange) — Chicago, Illinois, April 15, 2024 — Justyn Howard, chief executive of Sprout, leaves his position. As announced by Sprout Social Inc. in a news release and in a regulatory filing published on Monday, April 15, 2024, Justyn Howard leaves his post as chief executive officer at the provider of cloud-based social media management software, after almost 15 years in the role, effective October 1, 2024.
Justyn Howard’s duties as CEO will be taken over by Ryan Barretto, currently President at Sprout Social Inc.
No reason given
In the announcement, Sprout did not explicitly explain the reason for the move.
Howard will remain as Executive Chair at Sprout
Sprout stated: “Co-Founder and current CEO Justyn Howard will step into the role of Executive Chair.”
“Step down”
Sprout said: “On April 9, 2024, Justyn Howard informed the Board of Directors … of Sprout Social, Inc. … that he will step down from the role of the Company’s Chief Executive Officer effective October 1, 2024.”
Share price decline since April 2021
The announcement follows a decline in Sprout Social Inc.’s share price of 3% since April 2021.
In the position of CEO since 2010
Justyn Howard became CEO of the Company in 2010.
Over the next six months, Howard will work closely with Barretto to transition CEO responsibilities, ensuring a seamless transition of leadership.
Then, as Executive Chair, Howard will continue to work alongside Barretto, and Sprout’s board of directors and executive leadership team, to further the Company’s most strategic objectives.
Justyn Howard co-founded Sprout Social and has served as the Company’s Chief Executive Officer and as the Chairman of the Company’s board of directors since April 2010.
From April 2010 until December 2020, he also served as the Company’s President.
Howard has won a number of awards and honors as the Company’s Chief Executive Officer, including recognition in Glassdoor’s “Highest Rated CEOs” in 2019, 2018 and 2017 for U.S. companies with less than 1,000 employees, winning Built in Chicago’s Moxie Awards CEO of the Year for 2017.
Prior to founding Sprout Social, Howard held Enterprise Sales roles for Saas Learning Management provider Learn.com.
94 words by Justyn Howard
In the release announcing his departure as CEO of Sprout Social Inc., Justyn Howard received praise and thanks.
In announcing his departure, Justyn Howard said 94 words.
“It’s rare”
Justyn Howard stated: “Over the past 8 years Ryan has become the backbone of our company and the clear leader to take us through our next era of growth and innovation as we scale our business to $1B and beyond. It’s rare for a founder/CEO to work with someone who so clearly complements their strengths to make a transition like this possible, and we’re both thrilled about the value we believe this will create for the company. We wouldn’t be where we are today without Ryan’s leadership, integrity, accountability and commitment to our team and our customers.”
The above text is an excerpt from the exechange report 17.2024 ($), publication date April 22, 2024.