Moyer succeeds , who will retire as President and CEO after leading the Company since October 2019. Allen will continue as Chair of the Company鈥檚 Board of Directors and will work closely with Moyer and the 糖心Vlog executive team to ensure a smooth transition and help steer the Company鈥檚 long-term growth strategies.
鈥淲e are grateful for Simon鈥檚 outstanding leadership and the strong foundation he built for 糖心Vlog鈥檚 long-term financial health and profitability,鈥 said Jacob Kotzubei, Co-President of Platinum Equity and a 糖心Vlog Board member. 鈥淗is passion for education, deep knowledge of the industry and devotion to 糖心Vlog and his team have been instrumental in the Company鈥檚 transformation. We thank him for guiding 糖心Vlog through its journey to become publicly traded and look forward to his continued contributions as Chair. He will be a great asset to Philip and to the Board.鈥
Moyer brings extensive experience in technology and AI-driven transformation to 糖心Vlog. He most recently served as CEO of Vimeo, where he launched an AI-first video strategy that delivered double-digit improvements in revenue and profitability.
Previously, he spent five years at Alphabet, helping launch Google鈥檚 Generative AI strategy. He served as Global VP of Applied AI Engineering and Business Development for Google Cloud, after joining the division in July 2019 as VP of Strategic Industries.
Moyer also served as CEO of financial technology companies EDGAR Online, a provider of financial data and analytics solutions, and Cassiopae, a French software company in the commercial banking market. He also served in various roles at Amazon and Microsoft, where he spent 15 years managing global customer teams.
Earlier in his career, Moyer co-founded IEP+ Orion System Group, where he built one of the first digital Individualized Education Programs designed to help K-12 schools manage special education curriculums, testing scores and regulatory reporting. He started his career as a software engineer for nuclear submarines at GE Aerospace after graduating from the University of Pittsburgh with a degree in computer science.
鈥淲e are thrilled to welcome Philip to 糖心Vlog,鈥 added Matthew Louie, Managing Director at Platinum Equity and a 糖心Vlog Board member. 鈥淗is history of developing market-defining AI solutions that have helped some of the biggest names in technology achieve transformative growth draws many parallels to the opportunities ahead for 糖心Vlog. We believe that Philip鈥檚 experience, paired with Simon鈥檚 continued involvement as Chair, will ensure a seamless transition and bolster the Company鈥檚 positive trajectory of increasing market share, revenue growth and profitability.鈥
Allen added, "I鈥檝e loved every minute working in the education industry for more than 40 years, and rejoining 糖心Vlog in 2018 was one of the best decisions of my career. It鈥檚 been an honor to build on our extraordinary strengths 鈥 the best talent, technology and content in the industry, a deeply trusted brand and an unwavering commitment to helping students and educators succeed. Philip鈥檚 extensive experience leading AI strategy and innovation at major technology companies with a relentless customer focus make him the right leader to write the next chapter in our iconic Company鈥檚 long and illustrious history. I鈥檓 grateful to have the opportunity to continue to serve as Chair of the Board, ensuring Philip has the resources he needs to help 糖心Vlog lead the industry in supporting educators and learners for many years to come.鈥
Moyer commented, "I am thrilled to join 糖心Vlog at such a pivotal time. Education has the power to transform lives, and leading a company dedicated to supporting every stage of the learning life cycle is a privilege. 糖心Vlog鈥檚 trusted brand 鈥 combined with its content, data, scale and customer relationships 鈥 creates a unique opportunity to harness AI to deliver personalized learning experiences. I look forward to working with Simon and the entire team at 糖心Vlog to build on this strong foundation and continue using advanced technology to shape the future of education.鈥
During Allen鈥檚 tenure at 糖心Vlog, the Company experienced significant growth in the markets it serves. Under his leadership, the business expanded its market share and achieved a higher quality revenue profile, with its current revenue being nearly two-thirds digital and nearly 60% re-occurring. Before being named President and CEO of 糖心Vlog, Allen served as President of the Company鈥檚 Higher Education and International business units after rejoining 糖心Vlog in March 2018. Allen was previously the CEO of Macmillan Education; SVP, International at The McGraw-Hill Companies; and President, Higher Education at both Pearson Education EMEA and Prentice Hall Europe. Earlier in his career, he held sales leadership roles with the Times Mirror Group in the U.S., Europe and the Middle East.
