Business
Aterian Announces Leadership Changes & Improved Second Quarter 2024 Net Revenue and Adjusted EBITDA Ranges
Arturo Rodriguez Appointed CEO Josh Feldman Appointed CFO Second Quarter 2024 Net Revenue Range Improved to Between $23 Million to $26 Million Second Quarter
About this update from Aterian, Inc.
[{"type":"text","content":"Arturo Rodriguez Appointed CEO Josh Feldman Appointed CFO Second Quarter 2024 Net Revenue Range Improved to Between $23 Million to $26 Million Second Quarter 2024 Adjusted EBITDA Range Improved to Between a Loss of ($1.0) Million to $0.0 Million NEW YORK, June 26, 2024 (GLOBE NEWSWIRE) -- Aterian, Inc. (Nasdaq: ATER) (“Aterian” or the “Company”) today announced the appointment of Arturo (Arty) Rodriguez as Chief Executive Officer (previously the Company’s Co-CEO and CFO) and Josh Feldman as Chief Financial Officer (previously the Company's SVP of Finance) and that Joe Risico has resigned as Co-CEO and from the Board of Directors and will consult the Company over a three month transition period. “On behalf of our Board of Directors, we express our deep gratitude for Joe’s passion, innovative ideas, and relentless work ethic. We wish Joe continued success in his future endeavors,” said Bill Kurtz, Chair of Aterian’s Board of Directors. “After six years at Aterian, I’ve decided to pursue other ventures. I’m grateful for the experience, in particular this last year leading alongside Arty, who has been a great partner,” said Joe Risico.” “Joe and I have enjoyed a remarkable partnership over the years, and the strategic decisions we have made together as Co-CEOs have significantly strengthened Aterian’s trajectory. On behalf of the entire Aterian team, we extend our heartfelt appreciation for Joe’s dedication, and unwavering commitment. We wish Joe ongoing success in his future ventures and I am excited for him to start his next chapter,” said Arturo Rodriguez, Aterian’s CEO. As part of the management changes, Josh Feldman, Aterian’s current SVP of Finance, has been appointed Chief Financial Officer. “With Josh’s excellent performance as our SVP of Finance over the past few years , he is undoubtedly the right individual to take on this critical leadership role at Aterian,” said Arturo Rodriguez, Aterian’s CEO. “I am more enthusiastic than ever to continue to partner with Josh and the rest of the Aterian team, now as CEO, as we continue on our mission of focusing, simplifying and stabilizing the Company towards achieving Adjusted EBITDA profitability. As demonstrated by our revised second quarter guidance, we are starting to see the positive results of our mission and collectively all the hard work of our incredibly talented people at ...