ZoomInfo CTO steps down to pursue new opportunity

ZoomInfo Technologies Inc. (NASDAQ:ZI), a prepackaged software services provider with impressive gross profit margins of 88.33%, announced the departure of its Chief Technology Officer, Ali Dasdan. The announcement came through a regulatory filing with the Securities and Exchange Commission on Wednesday. According to InvestingPro, the company maintains a GOOD overall financial health score despite trading at a premium valuation.

Dasdan, who has played a significant role in the technological advancements of ZoomInfo, will leave the company effective March 2, 2025, to pursue a new opportunity. The date of his notification to the company was February 13, 2025, coming just ahead of the company’s upcoming earnings announcement scheduled for February 25.

The company has not yet named a successor for Dasdan. With his departure, ZoomInfo may face the task of finding a new CTO who can continue to drive the innovation and growth for which the company is known. InvestingPro analysis suggests the company remains undervalued despite these challenges, with additional ProTips available for subscribers looking to dive deeper into ZoomInfo’s growth prospects.

ZoomInfo has not released further details regarding Dasdan’s future endeavors or the reasons behind his decision to leave. The company’s filing did not disclose any information about changes to its compensatory arrangements for executives or any interim leadership plans during the transition period.

Investors and market watchers will be keeping an eye on ZoomInfo’s next moves as they work to maintain their position in the competitive software services industry. The search for a new CTO will likely be a top priority for the company as they aim to fill the gap left by Dasdan’s departure.

This news is based on a press release statement filed with the SEC and reflects the company’s current reporting period as of February 13, 2025.

In other recent news, ZoomInfo has announced the appointment of Katie Rooney to its Board of Directors, effective February 1, 2025. Rooney, who currently serves as Chief Financial Officer at Maven, brings over 20 years of experience in finance and operations to the board. She will serve on both the Audit and Nominating and Corporate Governance Committees. Henry Schuck, Founder and CEO of ZoomInfo, noted Rooney’s expertise in driving transformative growth and financial strategy. Patrick McCarter, Chair of the Nominating and Corporate Governance Committee, expressed confidence in her financial acumen. Rooney herself highlighted the potential for consistent growth and strong free cash flow generation, which could lead to significant returns for shareholders. With this addition, ZoomInfo’s board now comprises 10 directors, nine of whom are independent. This move is part of ZoomInfo’s efforts to strengthen its leadership and enhance its position in the market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.