IAS names Alpana Wegner as new Chief Financial Officer

Published 03/06/2025, 13:06
IAS names Alpana Wegner as new Chief Financial Officer

NEW YORK - Integral Ad Science (NASDAQ:IAS), a prominent media measurement and optimization company with a market capitalization of $1.35 billion and impressive gross profit margins of nearly 79%, has named Alpana Wegner as its new Chief Financial Officer, starting June 10, 2025. Wegner, who brings over 25 years of financial leadership experience, will be in charge of the global finance team and report to CEO Lisa Utzschneider. According to InvestingPro analysis, IAS appears undervalued at current levels, with strong financial health metrics and expected net income growth this year.

Wegner succeeds Jill Putman, who has been serving as the Interim CFO since January 2025. Putman is set to continue her involvement with the company as an independent member of the IAS Board. CEO Utzschneider expressed confidence in Wegner’s capabilities, citing her extensive background in financial planning and analysis, accounting, and mergers and acquisitions. She also acknowledged Putman’s contributions during her interim tenure, during which the company maintained strong financial metrics, including a healthy current ratio of 4.01 and minimal debt exposure.

Previously, Wegner held the position of CFO at Secureworks, a cybersecurity firm, where she played a pivotal role in transforming the business before its sale. She also served as CFO for Benefitfocus, a benefits software company, aiding in the development and execution of growth strategies. Her earlier career includes senior finance roles at Blackbaud, a cloud computing provider. Wegner is an alumnus of Arizona State University, with a Bachelor of Science in Accounting.

In her statement, Wegner expressed enthusiasm about joining IAS and contributing to the company’s growth strategy and profitability. Integral Ad Science is known for offering data-driven solutions to enhance ad spend efficiency and publisher yield, positioning itself as a benchmark for trust and transparency in digital media quality.

This appointment is based on a press release statement and reflects the company’s focus on strengthening its executive team for future growth.

In other recent news, Integral Ad Science (IAS) reported a robust first quarter for 2025, with both revenue and earnings per share (EPS) surpassing analyst expectations. The company achieved a 17% year-over-year increase in revenue, totaling $134.1 million, and an EPS of $0.05, exceeding the forecasted $0.03. Following these results, IAS raised its full-year revenue outlook for 2025, projecting a 12% increase. Analysts from Stifel maintained a Buy rating on IAS with a price target of $13, citing strong first-quarter results and future guidance. Meanwhile, Loop Capital adjusted its price target for IAS to $12 from $13, while still maintaining a Buy rating, reflecting continued confidence in the company’s growth potential despite a lowered valuation multiple. KeyBanc Capital Markets kept a Sector Weight rating, noting the company’s strong performance in its Optimization and Publisher revenue segments. Integral Ad Science’s strategic focus on Optimization and its expansion into international markets were highlighted as key drivers of growth, with the company continuing to invest in AI-powered products and partnerships.

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