Consumer product company Aterian, Inc. has
announced the appointment of co-chief executive officers: Joe Risico and Arturo (Arty) Rodriguez. The appointments were effective Wednesday.
Yaniv Sarig has resigned as CEO and
from the board, also effective on Wednesday. William Kurtz, the company’s current lead independent director, has been named chair of the board.
Risico, the company’s chief
legal officer and head of M&A, will lead strategy and revenue generation, while Rodriguez will oversee the firm’s technology and development and continue serving as chief financial
officer.
“Joe and Arty have been an integral part of Aterian's management and the Board believes they are the right people to lead the company through the next phase of the
Company's growth trajectory given their experience, complementary skill sets and deep understanding of Aterian’s business,” Kurtz says.
Kurtz said that on behalf of the board
of directors, he wished to thank Sarig for his "tremendous efforts and commitment to Aterian."
Aterian expects its Q2 net revenue to be in the range of $34.8 million to $35.4 million and
adjusted EBITDA loss to be in the range of ($8.0) million to $(9.0) million, versus the previously announced revenue range of $37 million to $44 million.