INST - Instructure Announces CEO Transition
SALT LAKE CITY, Oct. 29, 2018 /PRNewswire/ -- Instructure, Inc. (NYSE: INST), a leading software-as-a-service (SaaS) technology company in education, learning, and employee development, today announced that the Board of Directors has appointed Instructure President, Dan Goldsmith, as Chief Executive Officer, effective January 1, 2019. On that date, Josh Coates will transition from his role as CEO to Executive Chairman of the Board. Goldsmith has also been appointed to the Board.
"After more than eight years as CEO of Instructure, it's time for me to take on a new role within the company," said Coates. "I'm confident in Dan's proven ability to build on our strong momentum, lead our great culture, and deliver amazing customer experiences. It's been wonderful to see this company grow from a student project to the global organization it is today."
Goldsmith joined Instructure as President in June 2018, after spending eight years as a senior executive at Veeva Systems, a cloud-based software provider for the global life sciences industries. He was one of the first 50 employees at Veeva, where he helped lead the company through successful growth to over 2,000 employees, nearly $1 billion in revenue, with profitability. During his eight years at Veeva, Goldsmith served as executive vice president of global accounts, chief strategy officer, and as general manager, Europe, and emerging markets. Prior to his time at Veeva, Goldsmith held leadership positions at Accenture, PricewaterhouseCoopers, and IBM. Goldsmith holds a Bachelor of Science degree in mechanical engineering from the University of Rochester.
"Josh and the team have built an amazingly innovative company over the last 10 years, disrupting the way technology offerings serve both education and corporate markets, and I am honored to serve as the new CEO," said Goldsmith. "Instructure has an amazing culture centered around openness, customer satisfaction, and innovation and I'm humbled to be a part of it. We have a clear path forward and I'm inspired as I work with this incredible team."
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking" statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding Instructure's product strategy and growth. These statements are not guarantees of future performance or achievements, but are based on management's expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict, such as Instructure's growth, product development, and international expansion, and other risks and uncertainties detailed in Instructure's filings with the Securities and Exchange Commission, including, without limitation, its Form 10-K and other reports on Forms 8-K and 10-Q, all of which can be obtained on the SEC website at www.sec.gov. Instructure assumes no obligation to update or revise publicly any forward-looking statements contained in this release, except as required by law.
ABOUT INSTRUCTURE
Instructure, Inc. is a leading software-as-a-service (SaaS) technology company that makes software that makes people smarter. With a vision to help maximize the potential of people through technology, Instructure created Canvas and Bridge to enable organizations everywhere to easily develop, deliver and manage engaging face-to-face and online learning experiences. To date, Instructure has connected millions of instructors and learners at more than 4,000 educational institutions and corporations throughout the world. Learn more about Canvas for higher ed and K-12, and Bridge for the corporate market at www.Instructure.com.
CONTACTS:
Keaton Godfrey
Manager, Investor Relations
Instructure
(866) 574-3127
kgodfrey@instructure.com
Becky Frost
Senior Director, Corporate Communications
Instructure
(801) 869-5017
press@instructure.com
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SOURCE Instructure