the questionWho are AppLovin's directors and executive officers, and what else are they known for?
1The board since the IPO
analysisAt the June 3, 2026 annual meeting stockholders elected nine directors: Foroughi, Billings, Chen, Georgiadis, Messing, Morgenfeld, Valenzuela, Vivas and Webb. Valenzuela joined for the first time and Alyssa Harvey Dawson, who did not stand again, left. Stockholders approved officer exculpation under Delaware law and rejected a proposal to disclose voting results by share class. On April 2, 2026 the board had made Billings independent chair in place of Foroughi. 1 2 3
documentedAt AppLovin's June 3, 2026 meeting stockholders approved an amendment to the certificate of incorporation allowing exculpation of officers under Delaware law, and rejected a stockholder proposal to disclose voting results by share class, by 696,868,093 votes against to 119,127,022 for. 1
- qualification
- With Class B shares carrying 20 votes each, the totals do not show how holders of the listed Class A shares voted.
analysisAt the 2021 IPO the non-employee directors were Billings, Georgiadis, Edward Oberwager, Cathy Sun and Vivas, with Foroughi and Chen as executive directors. By 2022 Harvey Dawson and Asha Sharma had joined; in 2024 stockholders elected Messing and Morgenfeld, while Oberwager remained until 2025. 4 5 6 7
sources in this section
- AppLovin Corporation current report on Form 8-K (2026 annual meeting results) U.S. Securities and Exchange Commission (EDGAR) · 3 Jun 2026
- AppLovin Corporation proxy statement for the 2026 annual meeting (Schedule 14A) U.S. Securities and Exchange Commission (EDGAR) · 20 Apr 2026
- AppLovin Corporation current report on Form 8-K (board chair and officer transitions) U.S. Securities and Exchange Commission (EDGAR) · 2 Apr 2026
- AppLovin Corporation IPO prospectus (Form 424(b)(4)) U.S. Securities and Exchange Commission (EDGAR) · 15 Apr 2021
- SEC insider register page for AppLovin Corp as issuer U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- AppLovin Corporation proxy statement for the 2022 annual meeting U.S. Securities and Exchange Commission (EDGAR) · 2022
- AppLovin Corporation current report on Form 8-K (2024 annual meeting results) U.S. Securities and Exchange Commission (EDGAR) · 5 Jun 2024
2Executive officers
analysisThe 2026 proxy names four executive officers: Adam Foroughi (chief executive and co-founder), Matthew Stumpf (chief financial officer), Vasily Shikin (chief technology officer) and Victoria Valenzuela (chief administrative and legal officer). Foroughi has led AppLovin since December 2011 and chaired its board from March 2021 to April 2026; he earlier co-founded Lifestreet Media and Social Hour. 1 2
analysisShikin joined in 2012 as vice president of engineering and was chief technology officer from 2020 until July 1, 2026, when he became a non-executive Distinguished Engineer, succeeded by Giovanni Ge. Valenzuela came from Machine Zone, where she had been chief legal officer, and retired on August 1, 2026, succeeded by Corina Cacovean. Stumpf, a former transaction services director at PricewaterhouseCoopers, became chief financial officer in January 2024 when Chen stepped down from the role to advise the chief executive; controller Dmitriy Dorosh became principal accounting officer. 1 3 4 5 6 7 8 9 10
analysisChief marketing officer Katie Jansen resigned in 2025 and chief accounting officer Elena Arutunian in 2022, in both cases without any disagreement according to AppLovin. The 2023 proxy reports late Form 4 filings in 2022 by Foroughi, Andrew Karam and Vivas. 11 12 13 14
sources in this section
- AppLovin Corporation proxy statement for the 2026 annual meeting (Schedule 14A) U.S. Securities and Exchange Commission (EDGAR) · 20 Apr 2026
- SEC insider register page for Arash Adam Foroughi U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- SEC insider register page for Vasily Shikin U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- SEC insider register page for Victoria Valenzuela U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- SEC insider register page for AppLovin Corp as issuer U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- SEC insider register page for Xiaochuan Ge U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- SEC insider register page for Corina I. Cacovean U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- SEC insider register page for Matthew Stumpf U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- AppLovin Corporation annual report on Form 10-K for 2025 U.S. Securities and Exchange Commission (EDGAR) · 2026
- AppLovin Corporation current report on Form 8-K (Herald Chen transition) U.S. Securities and Exchange Commission (EDGAR) · 3 Nov 2023
- AppLovin Corporation current report on Form 8-K (resignation of Katie Jansen) U.S. Securities and Exchange Commission (EDGAR) · 10 Feb 2025
- AppLovin Corporation IPO prospectus (Form 424(b)(4)) U.S. Securities and Exchange Commission (EDGAR) · 15 Apr 2021
- AppLovin Corporation current report on Form 8-K (resignation of the chief accounting officer) U.S. Securities and Exchange Commission (EDGAR) · 8 Aug 2022
- AppLovin Corporation proxy statement for the 2023 annual meeting U.S. Securities and Exchange Commission (EDGAR) · 2023
3Directors and their outside roles
analysisHerald Chen, a director since 2018, headed technology, media and telecom at KKR until 2019 and sits on the boards of GoDaddy and Internet Brands; he previously chaired BMC Software, Optiv and Epicor. Craig Billings is chief executive of Wynn Resorts and a director of Wynn Macau, and earlier chaired NYX Gaming and was chief digital officer of Aristocrat Leisure. 1 2 3 4 5
documentedGoDaddy's profile of Herald Chen states that he has been on its board since 2014 and previously chaired the boards of BMC Software, Inc., Optiv Inc. and Epicor Software Corporation. 3
- qualification
- A biography published by GoDaddy, not a filing of AppLovin or the companies named.
documentedWynn Resorts' biography of Craig Billings adds earlier executive and board positions at Goldman Sachs, Aristocrat Leisure Limited, NYX Gaming Group and International Game Technology, including chief digital officer of Aristocrat Leisure. 5
- qualification
- A biography published by Wynn Resorts; it also still describes him as AppLovin's lead independent director and audit committee chair, roles superseded by his April 2026 appointment as chairperson.
analysisMargaret Georgiadis, a director since 2021, is a CEO-Partner of Flagship Pioneering and sits on McDonald's board; she ran Ancestry.com and Mattel and was president of Google Americas. Barbara Messing is an operating partner of Stripes and was Roblox's chief marketing officer. Todd Morgenfeld, a director since 2023, was Pinterest's chief financial officer and sits on the boards of Urban Outfitters and Axon. 1 6 7 8 9
analysisEduardo Vivas, a director since 2018, co-founded Curated and Bright.com and was chief operating officer of Humans, Inc. until 2025. Maynard Webb, appointed in April 2025, founded Webb Investment Network, was chief operating officer of eBay and chaired Yahoo!, and sits on the boards of Salesforce and Visa. 1 10 11 12
sources in this section
- AppLovin Corporation proxy statement for the 2026 annual meeting (Schedule 14A) U.S. Securities and Exchange Commission (EDGAR) · 20 Apr 2026
- SEC insider register page for Herald Y. Chen U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- Company statement source · src-013 identified by category only · Company statement
- SEC insider register page for Craig Scott Billings U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- Company statement source · src-014 identified by category only · Company statement
- SEC insider register page for Mary Margaret Hastings Georgiadis U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- SEC insider register page for Barbara Messing U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- AppLovin Corporation current report on Form 8-K (appointment of Todd Morgenfeld) U.S. Securities and Exchange Commission (EDGAR) · 5 Sep 2023
- SEC insider register page for Todd R. Morgenfeld U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- SEC insider register page for Eduardo Vivas U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- Company statement source · src-057 identified by category only · Company statement
- AppLovin Corporation current report on Form 8-K (Oberwager and Webb) U.S. Securities and Exchange Commission (EDGAR) · 8 Apr 2025
4Former directors
analysisEdward Oberwager, a KKR managing director, was KKR Denali's designee from November 2019 until the 2025 meeting; Cathy Sun, also of KKR, left the board in November 2021 to work at AppLovin. Asha Sharma, Instacart's chief operating officer, served from 2021 to 2023, and Alyssa Harvey Dawson, chief legal officer of HubSpot, from 2021 to 2026. 1 2 3 4 5 6 7
sources in this section
- AppLovin Corporation IPO prospectus (Form 424(b)(4)) U.S. Securities and Exchange Commission (EDGAR) · 15 Apr 2021
- AppLovin Corporation current report on Form 8-K (Oberwager and Webb) U.S. Securities and Exchange Commission (EDGAR) · 8 Apr 2025
- AppLovin Corporation proxy statement for the 2023 annual meeting U.S. Securities and Exchange Commission (EDGAR) · 2023
- AppLovin Corporation current report on Form 8-K (board changes of November 2021) U.S. Securities and Exchange Commission (EDGAR) · 8 Nov 2021
- AppLovin Corporation current report on Form 8-K (appointment of Todd Morgenfeld) U.S. Securities and Exchange Commission (EDGAR) · 5 Sep 2023
- SEC insider register page for Asha Sharma U.S. Securities and Exchange Commission (EDGAR insider register) · 16 Oct 2026
- AppLovin Corporation current report on Form 8-K (board chair and officer transitions) U.S. Securities and Exchange Commission (EDGAR) · 2 Apr 2026
5Matters outside AppLovin
analysisIn 2020 Pinterest's former chief operating officer sued Pinterest alleging discrimination and retaliation after she complained about comments by Morgenfeld, then its chief financial officer; he was not a defendant, and Pinterest settled for $22.5 million without admitting liability. FanDuel's founders sued its directors, including Oberwager, over the 2018 merger; in 2024 New York's highest court held that their fiduciary-duty claim was adequately pleaded, which is not a finding of liability. 1 2
attributedIn August 2020 Pinterest's former chief operating officer sued Pinterest in San Francisco County Superior Court for gender discrimination and retaliation, alleging that she was fired after complaining that the chief financial officer, Todd Morgenfeld, had made "demeaning sexist comments" toward her. 1
- qualification
- The claim was against Pinterest; Morgenfeld was named in the allegations, not as a defendant, and no court finding on them is in the record. No response from Morgenfeld is in the retained material.
- response
- In a joint statement with the former executive at the settlement, Pinterest said it recognised the importance of a diverse, equitable and inclusive workplace and would continue its actions to improve its culture.
- outcome
- Pinterest settled the suit in December 2020 for $22.5 million, including $2.5 million for advancing women and under-represented communities in technology, without admitting liability.
attributedEdward Oberwager was among the FanDuel directors sued by FanDuel's founders over the 2018 merger of FanDuel with Paddy Power Betfair's US business. According to the plaintiffs' allegations as summarised by the New York Court of Appeals, he had been appointed to FanDuel's board in 2015 by KKR, where he was a director, and voted for the merger, which closed in July 2018. On May 23, 2024 the Court of Appeals held that the founders had sufficiently pleaded breach of fiduciary duty under Scots law and reversed the dismissal of the claim. 2
- qualification
- The decision concerns only whether the claim was adequately pleaded; it makes no finding of liability, and the later course of the case is not in the record.
- response
- The director defendants moved to dismiss the claims for failure to state a cause of action and on documentary evidence.
- outcome
- The Court of Appeals' May 23, 2024 decision reinstated the fiduciary-duty claims for further proceedings; the later course of the case is not in the record.
sources in this section
- Media source · src-073 identified by category only · Media
- Court record source · src-062 identified by category only · Court record
6The founders' circle
analysisOutside AppLovin's filings, a 2014 press profile called Vivas a co-founder of Social Hour, which it said PlayPhone bought in 2012, and said Webb Investment Network backed AppLovin's seed round; an online encyclopedia says Karam co-founded Social Hour. Short sellers wrote that Foroughi worked at Gator Corporation, which they described as notorious for spyware, and that Facebook banned Social Hour for "scammy ads"; the filings confirm only Foroughi's co-founding of Lifestreet and Social Hour. Karam now advises South Park Commons; Krystynak's directory profile lists no other role. 1 2 3 4 5 6
attributedA 2014 press article said AppLovin's seed round was backed by investors including Webb Investment Network, the venture arm of Maynard Webb. 1
- qualification
- A single press report; AppLovin's filings in the record do not describe its seed investors.
documentedCo-founder Andrew Karam now advises and invests in technology companies and is listed as an adviser of the founder community South Park Commons; co-founder John Krystynak's business-directory profile lists no position other than AppLovin. 5 6
- qualification
- Based on South Park Commons' own page and a business directory; neither is an AppLovin filing.
sources in this section
- Media source · src-060 identified by category only · Media
- Other source · src-105 identified by category only · Other
- Research source · src-081 identified by category only · Research
- Research source · src-076 identified by category only · Research
- Company statement source · src-113 identified by category only · Company statement
- Other source · src-116 identified by category only · Other
timeline · 2026
- Craig Billings becomes independent chair in place of Adam Foroughi