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ORLANDO - IZEA Worldwide, Inc. (NASDAQ:IZEA), whose stock has gained nearly 28% over the past six months and trades near its 52-week high of $3.15, announced Monday the appointment of Steve Bonnell as Executive Vice President, Account Management.
Bonnell joins the influencer marketing solutions provider with over 25 years of experience in global client leadership. He most recently served at Publicis Groupe, where he led the McDonald’s global account across all Publicis agencies, and previously oversaw Samsung’s global business at Leo Burnett. According to InvestingPro data, IZEA maintains a strong financial position with more cash than debt and a healthy current ratio of 5.16x.
In his new role at IZEA, Bonnell will focus on strengthening strategic partnerships with enterprise and high-potential clients, ensuring scalable solutions across verticals.
"Steve is a highly respected leader with a global perspective and a track record of success managing some of the most recognized brands in the world," said Patrick Venetucci, CEO of IZEA, according to the company’s press release.
Bonnell has previously held Managing Director roles at Leo Burnett’s international offices, where he managed full-service agency operations. During his career, he successfully grew major accounts by double digits through periods of transformative change.
"I’m thrilled to be joining IZEA at a time when the Creator Economy is rapidly transforming how brands connect with audiences and shape culture," Bonnell stated.
IZEA describes itself as a provider of influencer marketing solutions for the Creator Economy. The company launched its first influencer marketing platform in 2006 and reports having facilitated nearly 4 million collaborations between brands and creators since then.
In other recent news, IZEA Worldwide, Inc. has announced a plan to repurchase up to $8.7 million of its common stock through a modified Dutch auction tender offer. This initiative allows shareholders to sell their shares back to the company at a price ranging from $2.30 to $2.80 per share, with the maximum price representing approximately 120% of the company’s 90-day volume-weighted average purchase price of $2.29 per share as of May 12, 2025. The tender offer is scheduled to begin on May 16, 2025, and will remain open until June 16, 2025, unless extended or terminated. Shareholders can tender all or a portion of their shares within the specified price range, and IZEA will select the lowest single per-share price that enables it to buy back the maximum dollar amount of shares properly tendered. All shares accepted will be purchased at the same price, ensuring uniformity in the transaction. The offer will be detailed in an Offer to Purchase and related materials filed with the Securities and Exchange Commission (SEC), which will provide crucial information for stockholders. These documents will be available on the SEC’s website or from the information agent, MacKenzie Partners. The company emphasizes that the offer will not be extended to jurisdictions where it is not legally permitted.
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