Palo Alto, California-based AppLovin, a mobile games company, has named Herald Chen as president and chief financial officer. Chen was most recently head of technology, media and telecom in the Americas at KKR. The company has also named Scott Shipman as chief legal officer and Elena Arutunian as chief accounting officer. AppLovin is backed by KKR.
PALO ALTO, Calif., — November 4, 2019 — AppLovin, a mobile games company focused on building technology that fuels many of the world’s most popular mobile games, today is pleased to announce that Herald Chen joined the company starting immediately in the role of President and Chief Financial Officer (CFO), and remains on the AppLovin board. AppLovin also announced it has further strengthened its senior management team with the addition of Scott Shipman as Chief Legal Officer (CLO) and Elena Arutunian as Chief Accounting Officer (CAO).
“We have had the good fortune of working closely with Herald as an investor and board member,” said Adam Foroughi, AppLovin Co-founder and CEO. “He has been instrumental to our strategy as we pursue greater opportunities in mobile gaming. We are excited to have him join the leadership team where he will play a larger role and contribute further to our success.”
Chen was most recently head of Technology, Media and Telecom (TMT) in the Americas at KKR, where he led the firm’s investment in AppLovin. He rejoined KKR in 2007, having previously worked for the firm from 1995 to 1997, and served as Chairman of the Board for several companies, including BMC, Epicor Software, Optiv Security and Mitchell International. In addition to AppLovin, Chen will continue to serve on the Board of Directors of WebMD, Internet Brands, GoDaddy, Teach for America-Bay Area and the University of Pennsylvania’s Management and Technology Program. His operational experience includes roles as CEO of ACMI Corporation and Co-founder and CFO of Jamcracker, Inc. He holds a B.S. and a B.S.E. from the University of Pennsylvania and an M.B.A. from Stanford University Graduate School of Business.
“I have been impressed with AppLovin’s progress and growth, rising to a leadership position in the mobile gaming sector,” said Chen. “I’m looking forward to joining Adam and his excellent team at a moment of great opportunity for the company.”
As AppLovin’s CLO, Shipman is responsible for overseeing legal, risk, compliance and data protection at the company. His career includes a 16-year tenure at eBay where he served as associate general counsel and global privacy leader. More recently, he was general counsel at Sensity Systems, acquired by Verizon in 2016. He holds a bachelor’s degree from the University of Colorado and a J.D. in High Tech Law from Santa Clara University, where he later established and taught courses in a Privacy Law Certificate program.
Arutunian joins AppLovin from Lyft, where she served as vice president and corporate controller since 2014. There she scaled its team to meet public company requirements and led the accounting and the tax teams through its IPO. She has more than 20 years of corporate finance and consulting experience including 13 years at PwC advising technology companies on financial transactions and accounting issues. She studied finance and economics at Lomonosov Moscow State University, Belarusian State Economic University and Joint Vienna Institute.
“Herald, Scott and Elena bring strong experience and leadership to our senior team at an important stage in the company’s growth,” said Foroughi. “These are significant, strategic hires who will play key roles as AppLovin continues to grow and execute on our mission, to entertain the world with the best mobile games by helping game developers reach players everywhere.”
AppLovin builds technology that fuels many of the world’s most popular mobile games. Since 2012, the company’s technologies have been instrumental in driving the explosive growth of games from its studio partners and its own studio. AppLovin makes those same technologies available to all game developers, resulting in a richer mobile game ecosystem and better games for people everywhere. AppLovin is headquartered in Palo Alto, California with offices around the world. Learn more at applovin.com.