Management ChangeApr 7, 2026, 04:36 PM
AppLovin Appoints Craig Billings as Independent Board Chairperson; Announces CTO and CLO Transitions
AI Summary
AppLovin Corporation has announced significant leadership changes, including the appointment of Craig Billings as independent Chairperson of the Board, effective immediately. This move enhances corporate governance, with former Chairperson Adam Foroughi continuing as CEO and a board member. The company also detailed executive transitions, with Chief Technology Officer Basil Shikin stepping down to a Distinguished Engineer role and Chief Administrative & Legal Officer Victoria Valenzuela retiring, though she will serve as a consultant for $150,000 and is nominated for a board seat. These changes reflect a strategic evolution in both executive leadership and board oversight.
Key Highlights
- Craig Billings was appointed independent Chairperson of the Board on April 2, 2026, succeeding Adam Foroughi, who remains CEO and a board member.
- Basil Shikin will step down as Chief Technology Officer effective July 1, 2026, transitioning to a non-executive Distinguished Engineer role.
- Victoria Valenzuela will retire as Chief Administrative & Legal Officer effective August 1, 2026, and will serve as a consultant until May 31, 2027, receiving $150,000 in cash compensation.
- Ms. Valenzuela is also nominated for election as a director at the 2026 Annual Meeting of Stockholders, where she would not receive non-employee director compensation while consulting.
- Giovanni Ge, currently Chief Product and Engineering Officer, will be appointed Chief Technology Officer upon Mr. Shikin’s transition.
- Corina Cacovean, Deputy General Counsel, Privacy, Litigation & Regulatory, will be appointed Chief Legal Officer upon Ms. Valenzuela’s retirement.
- Alyssa Harvey Dawson will not stand for re-election as a board member at the Annual Meeting.