- LegalZoom.com (NASDAQ:LZ) on Tuesday said the company’s current Chairman of the Board of Directors, Jeffrey Stibel, has been named next CEO, effective immediately.
- LegalZoom has also appointed John Murphy as the Lead Independent Director of the Board.
- Stibel joined the Board of LegalZoom in 2014.
- As part of this transition, current CEO Dan Wernikoff will be departing the company, including resigning from the Board.
- The company also said it is reducing its revenue expectation for the full year to a range of $675 million to $685 million and its free cash flow expectation for the full year to a range of $75 million to $85 million.
- For the second quarter ending June 30, 2024, LegalZoom continues to expect revenue in the range of $172 million to $176 million and adjusted EBITDA in the range of $25 million to $27 million.
- For the full year ending December 31, 2024, LegalZoom is reiterating that Adjusted EBITDA is expected to be in the range of $135 million to $145 million.
- Source: Press Release
2024-07-09