Vimeo president Mark Kornfilt to resign

According to a regulatory filing, on December 20, 2022, Mark Kornfilt, President of Vimeo, notified the company of his intention to resign as President of the company effective as of March 31, 2023, to pursue other non-competitive opportunities. In connection with the foregoing, the company expects to enter into a memorandum of understanding with Kornfilt and will disclose the material terms of such agreement once finalized. Following his departure as President, Kornfilt is expected to continue to serve the company in a non-employee capacity as advisor to the company’s Board of Directors.