Anjali Sud Explained

Anjali Sud
Birth Date:13 August 1983
Birth Place:Detroit, Michigan, U.S.
Occupation:CEO of Tubi
Former CEO of Vimeo
Children:2
Education:Phillips Andover Academy
University of Pennsylvania
Harvard Business School

Anjali Sud (born August 13, 1983) is an American businesswoman and technology and media executive. She is the CEO of Tubi, the entertainment platform and Free ad-supported streaming television service owned by Fox Corporation. Sud was previously CEO of Vimeo for six years, until August 2023. She was appointed to the position in July 2017[1] and took the company public in May 2021. Sud is on the boards of Dolby Laboratories[2] and Change.org, is a designated Young Global Leader of the World Economic Forum,[3] and was listed as one of Fortune's 40 Under 40 rising business leaders in 2018.[4]

Early life

Sud was born in Detroit, Michigan, the daughter of Punjabi Hindu immigrants from India.[5] She grew up in Flint, Michigan.[6] In 1997, at age 14, Sud left Flint to study at Phillips Andover Academy, a selective private school in Andover, Massachusetts.[7]

Sud graduated from the University of Pennsylvania in 2005, with a B.Sc. in Finance and Management.[8] In 2011, she received her MBA from Harvard Business School.[9]

Career

Between 2005 and 2014, Sud held positions in finance, media and e-commerce at Sagent Advisors, Time Warner and Amazon.[10]

In 2014, Sud joined Vimeo, an IAC subsidiary, as Head of Global Marketing. She later served as General Manager of Vimeo's core creator business, where she built out the company's offering for hosting, distributing and monetizing videos.[11] [12] In that role, she led a number of launches on the platform, including Vimeo Business (a membership plan for marketers and brands),[13] 360 video support,[14] and video collaboration and review tools.[15]

Sud was appointed to CEO of Vimeo in July 2017, as the company announced its plans to refocus its strategy from investing in original content to offering software and tools for video creators.[16] In September 2017, she oversaw the acquisition of Livestream.[17] In April 2019, she oversaw the acquisition of video editing app Magisto.[18] In November 2021, she oversaw the acquisitions of video software startups WIREWAX and Wibbitz.[19]

In November 2020, Vimeo raised $150 million in equity from Thrive Capital and GIC at a valuation of $2.75 billion.[20] In January 2021, Vimeo raised $300 million in equity from T. Rowe Price and Oberndorf Enterprises at a valuation of over $5 billion.[21] In May 2021, IAC completed a spinoff of Vimeo into an independent publicly-traded company on Nasdaq (ticker: VMEO).[22]

After Sud's nine years at Vimeo and six years as CEO, on July 5, 2023, Vimeo announced that she would be departing the company in September 2023 to pursue another opportunity.[23] Sud announced on July 17, 2023 that she would be joining the free streaming service Tubi as its new CEO, replacing founder Farhad Massoudi.[24]

Sud is on the board of Dolby Laboratories and Change.org.[25] She is a designated Young Global Leader of the World Economic Forum and a Henry Crown Fellow at the Aspen Institute.

Awards and honors

In November 2017, Sud was listed as one of The Hollywood Reporter's Next Gen: 35 Under 35 honorees.[26]

In March 2018, Crain's New York selected Sud as one of its annual 40 Under 40 honorees.[27]

In July 2018, Sud was named #14 on Fortune's "2018 40 Under 40" list. She was included on Adweek's Power List later that month.[28]

In December 2019, Sud was honored with a Muse Award by the New York Women in Film & Television, along with Gloria Estefan and Ann Dowd.[29]

In December 2021, Sud was named by Business Today as one of the most powerful women in business.[30]

In September 2022, Sud was named by Fortune as one of India's most powerful business women.[31]

In March 2023, Sud was named a Henry Crown Fellow at The Aspen Institute.[32]

Notes and References

  1. Web site: Vimeo promotes Anjali Sud to CEO after canceling SVOD plans . TechCrunch . Ryan . Lawler . July 20, 2017 . 2019-01-30 .
  2. News: Dolby Appoints Anjali Sud to its Board of Directors . 14 May 2019 . .
  3. News: World Economic Forum: Here are WEF's Young Global Leaders pushing boundaries and changing the World in 2019 . 15 March 2019 . . April 12, 2020 . December 9, 2020 . https://web.archive.org/web/20201209223519/https://www.cnbcafrica.com/wef/2019/03/15/here-are-wefs-young-global-leaders-pushing-boundaries-and-changing-the-world-in-2019/ . dead .
  4. Web site: 40 Under 40: The Most Influential Young People in Business 2018. Sud took Vimeo public as a billion dollar plus marketization, VMEO was trading in 2021 at over $50, to under $4.00 (as of Oct 12,2023), impacting investors considerably. . Fortune . July 19, 2018 . 2019-01-30.
  5. Web site: From daughter of Punjabi immigrants to Vimeo CEO: Anjali Sud wants to reimagine the future of video . 2022-10-06 . Moneycontrol . June 25, 2021 . en.
  6. Web site: How Anjali Sud became Vimeo's CEO at 34 years old . Yahoo Finance . Melody . Hahm . November 9, 2017 . 2019-01-30.
  7. Web site: A piece of advice from her father helped the CEO of Vimeo land the job at 34 . Business Insider . Matthew . Michaels . Richard . Feloni . April 20, 2018 . 2019-01-30.
  8. Web site: Stories - Alumni - Harvard Business School . alumni.hbs.edu . 2019-01-30.
  9. News: Vimeo's CEO Got an Early Start in Diapers—Selling Them, That Is . . Joann S. Lublin . 2021-11-13.
  10. Web site: Anjali Sud was rejected from dozens of investment banks. Now she's the CEO of Vimeo . Wiener-Bronner . Danielle . May 25, 2018 . CNN Money . 2019-01-30.
  11. Web site: Executive Profile: Anjali Sud . Bloomberg.com . 2019-01-30.
  12. Web site: After She Trusted Her Instincts and Pursued a Different Strategy, She Became CEO of Vimeo . Entrepreneur . Zipkin . Nina . August 10, 2018 . 2019-01-30.
  13. Web site: Vimeo launches Vimeo Business - a video hosting & marketing plan aimed at SMBs . Marketing Land . Amy . Gesenhues . September 13, 2016 . 2019-01-30.
  14. Web site: Vimeo introduces support for 360-degree videos . The Verge . Vincent . James . March 8, 2017 . 2019-01-30.
  15. Web site: Vimeo rolls out tools that let reviewers provide time-coded feedback and notes on individual frames . VentureBeat . Paul . Sawers . January 18, 2017 . 2019-01-30.
  16. Web site: IAC Q2 2017 Shareholder Letter . IAC.com . August 2, 2017.
  17. Web site: Vimeo acquires Livestream, launches its own live video product . TechCrunch . Sarah . Perez . September 26, 2017 . 2019-01-30 .
  18. Web site: Vimeo has acquired short-form video-creation platform Magisto, reportedly for $200M . TechCrunch . Ingrid . Lunden . April 15, 2019 . 2019-01-30.
  19. Vimeo . Vimeo to Acquire WIREWAX and Wibbitz, Further Expanding Its Video Software Solution for the Enterprise . 2023-05-02 . www.prnewswire.com . en.
  20. Web site: Bursztynsky. Jessica. 2020-11-05. IAC considers Vimeo spinoff after achieving $2.75 billion valuation. 2020-11-08. CNBC. en.
  21. News: 2021-01-25. IAC's Vimeo Raises New Funds at $6 Billion Valuation. en. Bloomberg.com. 2021-01-30.
  22. Web site: IAC Completes Vimeo Spinoff. Expect Growing Speculation on What It May Sell Next.. 2021-05-25. Barron's. en-US.
  23. Web site: Video platform Vimeo's CEO to step down. 2023-05-05. Reuters. en-US.
  24. Web site: Huston . Caitlin . 2023-07-17 . Tubi Hires Vimeo Chief Anjali Sud As New CEO . 2023-08-07 . The Hollywood Reporter . en-US.
  25. Web site: Anjali Sud - CEO - Tubi | LinkedIn .
  26. Web site: Next Gen 2017: Hollywood's Up-and-Coming Execs 35 and Under . The Hollywood Reporter - Anjali Sud, 34 . Lacey . Rose . Rebecca . Ford . November 8, 2017 . 2019-01-30.
  27. Web site: 40 Under 40 - Anjali Sud, 34 . Crain's New York Business . 2018 . 2019-01-30.
  28. Web site: Adweek's 2018 Power List: 100 Cutting-Edge CEOs in Marketing, Media, Branding and Tech . Adweek . Gianatasio . David . July 22, 2018 . 2019-01-30.
  29. Web site: Muse Awards . NYWIFT . 2020 . 2020-01-30.
  30. Web site: Anjali Sud: The Pivot Artist. 2021-12-29. Business Today. December 13, 2021 . en.
  31. Web site: India's Most Powerful Business Women in 2022 - Fortune India . 2023-05-02 . www.fortuneindia.com . en.
  32. Web site: Zimmerman . Stacy . March 22, 2023 . Aspen Institute Assembles Next Generation of Henry Crown Fellows Poised to Positively Impact Society .

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