Sprinklr Appoints Rory Read as President and CEO, Transitioning Executive Roles

Sprinklr, a prominent company in customer experience management, formally announced the appointment of Rory Read as the organization’s President and Chief Executive Officer in a recent 8-K SEC Filing. With an effective date of November 5, 2024, Read is set to lead as the principal executive officer, succeeding Ragy Thomas. Noteworthy credentials accompany Read’s appointment, including his prior positions as CEO of Vonage Holdings Corp., Senior VP at Ericsson, and various roles at Dell Technologies, AMD, IBM, and Lenovo.

The formal agreement outlined in the filing details a significant remuneration package for Read, comprising an annual base salary of $675,000, a cash bonus, and a sign-on bonus of $3.0 million. Additionally, equity-based rewards are granted, including restricted stock units and performance-based stock units with stipulated vesting conditions over several years.

In tandem with Read’s appointment, Ragy Thomas and Trac Pham, previously Co-Chief Executive Officers of Sprinklr, have transitioned to advisory and advisory roles, respectively. Thomas, the Founder of Sprinklr, will continue as the Chairman of the Board while supporting the CEO transition. Pham’s transition was amicable and not associated with any disagreements within the company.

The filing outlined specific compensation packages and benefits for both departing executives, including continued salaries, severance benefits, and post-employment obligations. Both executives are set to receive support during the transition period with defined compensation and benefits outlined in separation agreements.

As a publicly traded company, Sprinklr also released a press statement on November 5, 2024, announcing Read’s appointment. The company expressed confidence in Read’s ability to drive transformative change and growth within the technology sector. The press statement reiterated Sprinklr’s commitment to providing exceptional customer experiences through innovative AI-powered solutions.

The text of the press release attached to the filing underlines the strategic vision behind Read’s appointment and the seamless transition of executive roles within the company. Further disclosures indicate that the information presented remains as furnished content and is not considered filed under specific regulations.

With an established track record in corporate leadership and technology management, Read’s appointment signals a new chapter for Sprinklr as it aims to enhance its market presence and customer offerings under his guidance. The company’s commitment to advancing its Unified-CXM platform and delivering superior customer experiences remains steadfast under its new leadership.

For additional details regarding Read’s appointment and executive transitions, the complete text of the filing and related documents will be expected to be included in Sprinklr’s Annual Report on Form 10-K for the fiscal year ending January 31, 2025. Investors and stakeholders await further updates as Sprinklr navigates this period of transition and growth.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Sprinklr’s 8K filing here.

Sprinklr Company Profile

Sprinklr, Inc provides enterprise cloud software products worldwide. The company operates Unified Customer Experience Management platform, a software that enables customer-facing teams to collaborate across internal silos, communicate across digital channels, and leverage a complete suite of capabilities to deliver customer experiences.