Anjali Sud

Anjali Sud
Sud in 2023
Born (1983-08-13) August 13, 1983 (age 41)
Detroit, Michigan, U.S.
EducationPhillips Andover Academy
University of Pennsylvania
Harvard Business School
Occupation(s)CEO of Tubi
Former CEO of Vimeo
Children2

Anjali Sud (born August 13, 1983)[1][2] 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[3] and took the company public in May 2021.[4] Sud is on the boards of Dolby Laboratories[5] and Change.org,[6] is a designated Young Global Leader of the World Economic Forum,[7] and was listed as one of Fortune's 40 Under 40 rising business leaders in 2018.[8]

Early life

Sud was born in Detroit, Michigan, the daughter of Punjabi Hindu immigrants from India.[9] She grew up in Flint, Michigan.[1] In 1997, at age 14, Sud left Flint to study at Phillips Andover Academy, a selective private school in Andover, Massachusetts.[2]

Sud graduated from the University of Pennsylvania in 2005, with a B.Sc. in Finance and Management.[10] In 2011, she received her MBA from Harvard Business School.[11]

Career

Between 2005 and 2014, Sud held positions in finance, media and e-commerce at Sagent Advisors, Time Warner and Amazon.[11][12]

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.[13][14] In that role, she led a number of launches on the platform, including Vimeo Business (a membership plan for marketers and brands),[15] 360 video support,[16] and video collaboration and review tools.[17]

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.[18] In September 2017, she oversaw the acquisition of Livestream.[19] In April 2019, she oversaw the acquisition of video editing app Magisto.[20] In November 2021, she oversaw the acquisitions of video software startups WIREWAX and Wibbitz.[21]

In November 2020, Vimeo raised $150 million in equity from Thrive Capital and GIC at a valuation of $2.75 billion.[22] In January 2021, Vimeo raised $300 million in equity from T. Rowe Price and Oberndorf Enterprises at a valuation of over $5 billion.[23] In May 2021, IAC completed a spinoff of Vimeo into an independent publicly-traded company on Nasdaq (ticker: VMEO).[4]

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.[24] Sud announced on July 17, 2023 that she would be joining the free streaming service Tubi as its new CEO, replacing founder Farhad Massoudi.[25]

Sud is on the board of Dolby Laboratories[5] and Change.org.[6] She is a designated Young Global Leader of the World Economic Forum[7] and a Henry Crown Fellow at the Aspen Institute.[26]

Awards and honors

In November 2017, Sud was listed as one of The Hollywood Reporter's Next Gen: 35 Under 35 honorees.[27]

In March 2018, Crain's New York selected Sud as one of its annual 40 Under 40 honorees.[28]

In July 2018, Sud was named #14 on Fortune's "2018 40 Under 40" list.[8] She was included on Adweek's Power List later that month.[29]

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.[30]

In December 2021, Sud was named by Business Today as one of the most powerful women in business.[31]

In September 2022, Sud was named by Fortune as one of India's most powerful business women.[32]

In March 2023, Sud was named a Henry Crown Fellow at The Aspen Institute.[26]

References

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