Management ChangeMay 18, 2026, 11:12 AM
Phunware Appoints Dmitry Kroshka as CEO; Engages BSPG for Product 2.0
AI Summary
Phunware, Inc. announced the appointment of Dmitry Kroshka as its new Chief Executive Officer, effective immediately, to lead the company's 2.0 Strategy. Concurrently, the company entered into a Master Software and Services Agreement with Build Something LLC for software development, including the Apollo 2.0 Program, with project fees up to $3,559,200. Phunware also engaged Michael Cerdá's Build Something Product Group (BSPG) to drive product strategy and the Product 2.0 rollout. These strategic moves aim to accelerate the development and commercialization of Phunware's next-generation Guest Intelligence Platform across hospitality, healthcare, and large-property environments.
Key Highlights
- Dmitry Kroshka appointed Chief Executive Officer, effective May 13, 2026.
- Kroshka's annual base salary set at $475,000, with potential bonuses up to 150% of base.
- Initial equity award for Kroshka valued at $1,000,000, subject to vesting and milestones.
- Phunware entered Master Software and Services Agreement with Build Something LLC.
- Initial Statement of Work for Apollo 2.0 has project fees up to $3,559,200.
- Michael Cerdá's Build Something Product Group engaged for Product 2.0 rollout.
- Apollo 2.0 Program tentative completion date is May 17, 2027.
- AI Concierge engagement running 40% above internal forecasts since January release.
Price Impact
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