Upland Software announces leadership changes as president retires

Upland Software (ETR:SOWGn), Inc. (NASDAQ:UPLD) announced Monday that Karen Cummings, the company’s President and Chief Operating Officer, will retire effective July 31. The company stated that Cummings’ decision to retire was not the result of any disagreement with Upland Software regarding operations, policies, or procedures.

Effective August 1, Daniel Doman, who has served as Chief Product Officer since May 2021, will assume the role of Chief Product and Operating Officer. The company indicated that there are no arrangements or understandings with other persons related to Doman’s appointment, and that he has no family relationships with any directors or executive officers of the company.

Also beginning August 1, Chief Executive Officer John T. (Jack) McDonald will take on the additional role of President.

The company reported that Doman has no direct or indirect material interest in any transaction requiring disclosure under applicable regulations.

This information is based on a press release statement included in a filing with the Securities and Exchange Commission.

In other recent news, Upland Software reported its first-quarter 2025 earnings, which exceeded expectations. The company achieved a revenue increase that contributed to a strong financial performance, with an adjusted EBITDA of $13.1 million and a free cash flow of $7.9 million. Upland’s strategic divestiture of its Mobile Messaging product line resulted in a $10 million gain, although it will reduce the company’s full-year 2025 revenue by $25 million. Despite this, Upland maintained its full-year guidance, excluding the impact of the divestiture, and its net debt was reduced to $226 million. Analyst firm Needham maintained a Hold rating on Upland Software, noting the company’s efforts to streamline its product portfolio and reorganize its sales team. Upland has also provided a Q2 revenue guidance range of $50.3 million to $56.3 million, with adjusted EBITDA expected between $12.1 million and $15.1 million. The company projects organic growth of over 4% in 2026, supported by its focus on high-margin product segments and AI-powered innovations.

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