Appointment of co-founder and longtime board
member as CTO reflects Udemy’s commitment to accelerating the
company's product strategy, leading the evolution of learning with
AI, and delivering innovation and value to all customers
Udemy (Nasdaq: UDMY), a leading online skills marketplace and
learning platform, today announced that Eren Bali, who co-founded
Udemy in 2010 and served as the company’s Chief Executive Officer
(CEO) until 2014, has returned as Chief Technology Officer (CTO),
effective August 12, 2024. Bali succeeds Venu Venugopal, who has
served as Udemy’s CTO since May 2019. Venugopal will continue
serving in an advisory capacity to ensure a seamless
transition.
Bali will report directly to Udemy’s President and CEO, Greg
Brown, and will oversee Udemy’s engineering, data, and technical
program management teams. In this role, Bali will work closely with
Udemy’s Chief Product Officer, Prasad Raje, to accelerate Udemy’s
product strategy, bolster growth across the enterprise business,
and bring additional innovations to Udemy’s direct-to-consumer
offerings. Upon starting his role as CTO, Bali stepped down from
Udemy’s Board of Directors.
“As a founder, CEO, and longtime board member who is a proven,
growth-oriented, strategic and operational leader, Eren has been
instrumental in building Udemy from day one to become the business
it is today,” said Greg Brown, Udemy’s President and CEO. “We are
extremely pleased to have Eren as part of our management team,
bringing his extensive background in successful new product
launches, geographic market expansions, and building
high-performing teams—all underpinned by his deep familiarity with
our operations and passion for our mission. We look forward to
Eren’s contributions to advancing our product strategy and
delivering innovation and value to our customers around the
world.”
“We founded Udemy in 2010 to democratize access to quality
education, making it truly accessible to everyone, everywhere, no
matter their circumstance,” said Bali. “Since then, the company has
grown significantly to become a leading skills development and
validation platform that enhances business outcomes for
organizations and supports individuals in achieving their career
goals. In addition, advancements in generative AI unlock new
opportunities for us to redefine the way people develop skills that
were not possible when we launched the company. For those reasons,
I could not be more excited for the opportunity to return to Udemy
in an operating capacity, working closely with Greg, Prasad, and
the rest of the executive leadership team to accelerate a culture
of continuous innovation and take our vision for Udemy to new
heights.”
Brown concluded, “I also want to thank Venu for his leadership
over the past five years. He built a world-class engineering
organization, successfully scaled our consumer marketplace, and
contributed significantly to the growth of Udemy Business. We are
grateful for his unwavering commitment to Udemy and wish him well
on his future endeavors.”
Most recently, Bali served as CEO of Carbon Health Technologies,
a technology-enabled healthcare provider, which he co-founded in
2015. In addition, he serves as a director on the private company
boards of Carbon Health Technologies and Firefly Systems. Bali
received a bachelor’s degree in computer engineering and
mathematics from Middle East Technical University, in Ankara,
Türkiye.
About Udemy
Udemy (Nasdaq: UDMY) transforms lives through learning by
ensuring everyone has access to the latest and most relevant
skills. Through the Udemy Intelligent Skills Platform and a global
community of diverse and knowledgeable instructors, millions of
learners gain expertise in a wide range of technical and
professional skills — from generative AI to leadership. The Udemy
marketplace provides learners with thousands of up-to-date courses
in dozens of languages, offering a variety of solutions to achieve
their goals. Udemy Business empowers enterprises to offer on-demand
learning for all employees, immersive learning for tech teams
through Udemy Business Pro, and cohort learning for leaders through
Udemy Business Leadership Academy. Udemy Business customers include
FenderⓇ, Glassdoor, On24, The World Bank and Volkswagen. Udemy is
headquartered in San Francisco with hubs in Austin and Denver, USA;
Ankara and Istanbul, Türkiye; Dublin, Ireland; Melbourne,
Australia; and Chennai, Gurugram, and Mumbai, India.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934 and the meaning
of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to,
statements regarding Udemy’s expectations relating to our business
strategy and plans and our potential opportunities. The words
“believe,” “may,” “will,” “estimate,” “potential,” “continue,”
“anticipate,” “intend,” “expect,” “could,” “would,” “project,”
“plan,” “target,” and similar expressions are intended to identify
forward-looking statements.
Forward-looking statements are subject to known and unknown
risks and uncertainties and are based on potentially inaccurate
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from those expected or implied by the forward-looking statements.
Actual results may differ materially from the results predicted and
reported results should not be considered as an indication of
future performance.
The potential risks and uncertainties that could cause actual
results to differ from the results predicted include, among others,
those risks and uncertainties included under the caption "Risk
Factors" and elsewhere in our filings with the Securities and
Exchange Commission (“SEC”), including, without limitation, our
Quarterly Report on Form 10-Q for the period ended June 30, 2024,
filed with the SEC on August 1, 2024. All information provided in
this release is as of the date hereof, and we undertake no duty to
update this information unless required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240816200336/en/
Investor Contact Dennis Walsh Vice President, Investor
Relations dennis.walsh@udemy.com
Media Contact Abby Welch Senior Director, Corporate
Communications abby.welch@udemy.com
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