Magnite Announces the Addition of Two New Members to the Board of Directors

NEW YORK, March 22, 2022 (GLOBE NEWSWIRE) — Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising platform, today announced the addition of two new members to its Board of Directors: Diane Yu, CTO of digital home ownership company Better and co-founder/former CTO of Freewheel; and Dave Pearson, former Vonage CFO and seasoned investment banker. Mr. Pearson, who currently serves on the audit committee of Lee Enterprises, a NASDAQ-listed media company, will also join the audit committee.

“Dave and Diane bring incredible expertise and leadership to our Board of Directors that will be invaluable to the business as we execute our plans for 2022 and beyond,” said Michael G. Barrett, President and Chief Executive Officer. direction of Magnite. “Diane brings extensive experience in building, leading and scaling engineering teams for large digital advertising technology companies such as FreeWheel, Comcast and DoubleClick, while Dave offers expertise in capital markets, mergers and acquisitions and public company accounting, financial controls and reporting, as well as significant operational experience as an executive of a public technology company.

“Magnite has a strong technology foundation and I look forward to working with its engineering teams to continue to develop robust solutions for publishers and buyers,” said Ms. Yu. Magnite’s exceptional cast is a great avenue for more innovation and focus on the platform and its capabilities.”

“I am honored to join Magnite’s Board of Directors and look forward to working with Michael and the rest of the team at this pivotal time in the company’s growth,” said Mr. Pearson. “Magnite’s vision and market opportunities have the potential to transform digital advertising to make it more effective and impactful, and I’m thrilled to support the company in achieving this goal.”

Diane Yu has served as Chief Technology Officer of Better.com since January 2021, where she is responsible for the strategic direction of the engineering team and setting Better’s long-term technology vision. Prior to Better, she was CTO for Comcast Advertising and co-founder and CTO of FreeWheel, a technology platform for advertising management and monetization, which she built from the ground up and sold to Comcast in 2014. As FreeWheel’s Co-Founder and CTO, Ms. Yu led the architecture and operation of FreeWheel’s video monetization platform for 14 years, overseeing a global engineering team spanning the Americas, Europe and China.

Ms. Yu began her career at DoubleClick, where she played a pivotal role in architecting and managing the development of the company’s advertising product suite while leading engineering teams, through to the sale of the company to Google. Diane holds a Bachelor of Science from Peking University and a Master of Science from Ohio University. Cablefax recognized Diane as one of its Most Powerful and Influential Minority Women since 2017, and She Runs It named her one of their “Working Moms of the Year” for 2021.

Dave Pearson has served on the board of Lee Enterprises Inc., a NASDAQ-listed public media company, since February 2020, and is also a member of Lee’s audit committee. Mr. Pearson was Chief Financial Officer of Vonage Holdings, where he played a key role in the company’s successful transition from a residential communications provider to a leading enterprise cloud communications provider.

Prior to Mr. Pearson joining Vonage, he spent more than nine years at Deutsche Bank Securities as Managing Director and Head of the Global Media and Telecommunications Group, where he built and managed a global group of more than 75 professionals. of investment banking. Prior to joining Deutsche Bank, Mr. Pearson held various positions at Goldman, Sachs & Co. in Technology, Media and Telecommunications investment banking for over nine years, most recently as Managing Director. He began his career at Coopers & Lybrand and holds an MBA from Harvard Business School and an AB in Political Science and Organizational Behavior from Brown University.

About Magnite

We are Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising platform. Publishers use our technology to monetize their content across all screens and formats, including CTV, online video, display and audio. The world’s leading agencies and brands trust our platform to access high-quality, brand-safe ad inventory and execute billions of ad transactions every month. Rooted in bustling New York City, sunny Los Angeles, Denver, historic London and Sydney, Magnite has offices in North America, EMEA, LATAM and APAC.

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