Roku Appoints Dan Jedda as New Chief Financial Officer

Strategic Insights -

Roku, Inc. has announced the appointment of Dan Jedda as the company's new Chief Financial Officer (CFO), effective May 1, 2023. Jedda will succeed current CFO Steve Louden, who announced his departure from the company last year. Jedda brings over 15 years of experience in corporate finance, investor relations, and financial planning to the role, having previously served as CFO at Stitch Fix and held various positions at Amazon. He will report directly to Anthony Wood, Founder and CEO of Roku.

Key Takeaways:

  • Dan Jedda, a seasoned finance executive, has been appointed as the new Chief Financial Officer (CFO) of Roku, effective May 1, 2023.
  • Jedda will succeed current CFO Steve Louden, who will depart the company in August 2023.
  • Jedda has over 15 years of experience in corporate finance, investor relations, and financial planning, having served as CFO at Stitch Fix and holding various positions at Amazon.
  • Prior to Stitch Fix, Jedda worked at Amazon for 15 years, including stints as Vice President and CFO for Digital Video and Advertising.
  • Jedda will be responsible for global corporate finance, investor relations, financial planning, and reporting, as well as accounting, tax, treasury, and internal audit.
  • Jedda will receive an annual base salary of $2,100,000, as well as an equity award with a value of $15,600,000 vesting over four years.
  • Jedda will also participate in Roku's Amended and Restated Severance Benefit Plan and will be eligible to participate in the company's other employee benefits.

Statistics:

  • Roku has over 50 million active accounts, approaching half of US broadband households.
  • Roku will benefit from Dan Jedda's relevant experience and proven leadership as the company moves to deliver positive adjusted EBITDA in 2023.
  • Jedda's equity award has a value of $15,600,000 and will vest over four years.

Sources:

  • Roku, Inc. press release dated March 8, 2023 (available at nasdaq.com)
  • Cybernet Data Systems, Inc. (COMTEX_426174440/2254/2023-03-08T18:22:23)