BigCommerce announces board retirement and appointment of Anil Kamath as director

BigCommerce Holdings, Inc. (NASDAQ:BIGC), an e-commerce platform currently valued at $407 million with impressive gross profit margins of 77%, announced changes to its board of directors on Tuesday, according to a statement based on a recent SEC filing. According to InvestingPro analysis, the company appears undervalued based on its Fair Value assessment.

Lawrence Bohn notified the board on June 27 of his intention to retire from his position as director, effective July 1. The company stated that Bohn’s resignation was not the result of any disagreement with BigCommerce regarding its operations, policies, or practices.

Following this, on June 30, the board, acting on the recommendation of its Nominations and Corporate Governance Committee, extended an offer to Anil Kamath to join as a director. Kamath accepted and was appointed effective July 1 as a Class I director, with a term set to expire at the annual meeting of stockholders in 2027 or until his earlier death, resignation, or removal. Kamath was also appointed to serve on the Compensation Committee and the Nominating and Corporate Governance Committee.

According to the company’s statement, Kamath previously served as a Fellow and Vice President of Technology at Adobe (NASDAQ:ADBE) from 2012 to 2025, overseeing data science, machine learning, and artificial intelligence in the Adobe Experience Cloud. He founded Efficient Frontier, a digital ad buying platform, in 2002 and served as its CEO and later CTO until its acquisition by Adobe in 2012. Kamath also founded eBoodle, an e-commerce company acquired by Shopzilla in 2000. He holds a B.Tech in Computer Science from the Indian Institute of Technology, Bombay, and a Ph.D. in Computer Science from Stanford University.

The company stated that Kamath’s experience in technology and business leadership qualifies him to serve on the board.

This information is based on a statement included in a recent SEC filing.

In other recent news, BigCommerce reported its first-quarter 2025 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $0.07, compared to the forecast of $0.05. However, the company slightly missed revenue expectations, bringing in $82.4 million against a forecast of $82.5 million, marking a 3% year-over-year increase. BigCommerce also maintained a strong cash position of $121.9 million. In a strategic move, Anil Kamath, a former Adobe executive, has joined the BigCommerce Board of Directors, bringing extensive experience in data science and AI. This appointment aims to bolster BigCommerce’s technological capabilities amid industry changes. Meanwhile, strategic initiatives at BigCommerce include AI partnerships and expansion into the B2B market. The company is preparing to launch BigCommerce payments in early 2026. Analyst firms have not issued any recent upgrades or downgrades for BigCommerce, but the company’s strategic focus and financial performance continue to be closely monitored by investors.

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