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Freshworks’ Management Shake-Up – C-Suite Transitions

  • May 16, 2024

Turnaround scenarios are known for their potential to yield impressive results, but it’s no easy feat to steer a company back on track once it’s lost its footing. Even with a new management team at the helm, regaining market share or profitability can be a daunting challenge. We’ve delved into the stories of numerous turnaround CEOs before, and now, Freshworks joins the list as the latest addition.

Freshworks (FRSH): $13.94

MarketCap: $4.17B

Enterprise Value: $2.98B

Key Insights

  • Freshworks announced the company’s founder and CEO, Girish Mathrubootham, will transition to the new role of Executive Chairman.
  • Freshworks’ President, Dennis Woodside, was promoted to the role of CEO & President.
  • Since its public listing in 2021, the company’s share price has tanked by about 70%.

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