FuboTV Inc. (NYSE: FUBO ) shares are trending Thursday after the company announced the appointment of Alisa Bowen as CEO, effective July 10, succeeding co-founder David Gandler.
FuboTV stock is moving in positive territory. Why are FUBO shares climbing?The Appointment
“Alisa is a proven operator who brings nearly 30 years of product, digital and operational experience, including leadership across Disney+, Hulu and ESPN+,” said Andy Bird, Chairman of the Board. “She has an established track record of driving global subscriber growth and profitability.”
Gandler, who co-founded Fubo 11 years ago, resigned from the Board in accordance with the terms of his employment agreement. Subject to Board approval following the Annual Meeting of Stockholders on July 28, Bowen is also anticipated to be appointed to serve as a Board member.
“I am excited to lead Fubo in its next phase as we sharpen its strategy across sports, news and entertainment, accelerate growth and drive profitability,” said Bowen.
Fubo Shares Edge Higher
FUBO Price Action: At the time of publication, Fubo shares are trading 1.96% higher at $9.70, according to data from Benzinga Pro .
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