LegalZoom's Board appoints Jeffrey Stibel as CEO, replacing Dan Wernikoff; revenue guidance reduced to $675-$685M.
LegalZoom's Board of Directors Chairman, Jeffrey Stibel, has been appointed as the new CEO, effective immediately, following the departure of current CEO Dan Wernikoff. The company has also reduced its revenue guidance for the year to $675-$685M and adjusted its free cash flow expectation to $75-$85M. The transition comes as LegalZoom aims to shift to a subscription-based revenue model for long-term growth.
July 09, 2024
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