In a press-release sent out earlier today, Vimeo has confirmed that the company has appointed a Chief Financial Officer (CFO) Mark Pinney. This will be the first person appointed to the role of CEO since the company was founded.
The changed are effective immediately and according to Vimeo Pinney will assume responsibility for Vimeo’s financial strategy and business intelligence. “Mark brings a wealth of video, subscription, and media experience to Vimeo,” said Vimeo CEO Kerry Trainor who also stated, “His unique background spanning startup, growth and scale operations will help us grow while continuing to invest in the high quality video platform and audience that sets Vimeo apart.”
Before taking on the role of CFO, Pinney held the post of CFO for the subscription wine service Lot18. Pinney was also the CFO and COO of the video network Tremor Video. Other positions that Mark held included also served as CFO for ad technology leader Tacoda, overseeing their fund-raising, financial operations and acquisition by AOL Time Warner, and has been a founding member of three companies: Acorda Therapeutics, CanDo and 24/7 Real Media. “Vimeo is ideally situated to leverage its current market position as the premium video platform for creative communities,” said Mark Pinney . “I am excited to join a company with such tremendous growth potential.”
Vimeo was founded in 2004 and still resides in New York, the company prides itself as a “video platform for creative people”. Vimeo has over 15M registered members and reaches a global audience of more than 93M each month.