Nasdaq-listed software-as-a-service (SaaS) company Freshworks recently announced the resignation of its chief product officer (CPO), Prakash Srinivasagopalan Ramamurthy.
Ramamurthy has decided to retire after nearly five years with the company to pursue another career opportunity.
Work with the CEO to ensure a smooth transition
According to a recent study SEC FilingHe is working closely with new CEO Dennis Woodside to ensure a smooth transition period and will continue in his current role until 1 October 2024.
After leaving his role, Ramamurthy will remain available to provide advice to Freshworks until the end of the year.
Woodside, who took over as CEO earlier this year after Girish Mathrubootham moved to executive chairman, will rely on Ramamurthy’s experience to maintain stability within the company during this period.
Management changes and new appointments
Ramamurthy’s departure is part of a series of significant changes in Freshworks’ management over the past year.
In February 2024, Pradeep Rathinam, the chief revenue officer, also resigned. Earlier, Shan Krishnaswamy, the company’s chief technology officer (CTO), left the company in September 2022, and the position has remained vacant since then.
In response to these changes, Freshworks has made several key appointments. Tyler Sloat, the company’s chief financial officer (CFO), was recently given the additional role of chief operating officer (COO).
Philippa Lawrence has been appointed as the new Accounting Director.
Freshworks Financial Performance
For the second quarter ended June 30, 2024, Freshworks reported a 20% increase in revenue to $174.1 million, up from $145 million in the same period last year.
The company’s total operating income also increased, reaching $13.1 million compared to $11.8 million in the second quarter of 2023.
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