SNAP Interactive Appoints Capital Markets Expert To Board

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SNAP Interactive has just appointed capital markets expert Judy F. Krandel to its Board of Directors.

With more than 20 years of capital markets experience, Krandel joins the company as its third independent director.

Krandel – who currently works as a portfolio manager at the Juniper Investment Company – has key experience as an investment analyst and portfolio manager, with a focus on small-cap stocks in technology.

During her career, she has also worked closely with corporate management teams to help them develop strategic business plans, raise capital and enhance investor relations.

Speaking about the appointment, CEO of SNAP Interactive Alex Harrington said: “Judy’s background as an investor provides a critical perspective that will make her a tremendous asset to the Board.

“She has also cultivated deep relationships with participants in the small and micro-cap ecosystem that could help the Company achieve its strategic objectives.

“Over the course of her career, Judy has established a stellar reputation as a top small-cap investor. In that capacity, she’s also served as a trusted advisor to many corporate management teams, helping them unlock shareholder value.

“We welcome Judy to the SNAP family and look forward to her contributions.”

He added: “We are also pleased to enhance our corporate governance by adding professionals of the highest caliber to our Board.

Judy Kranel SNAP
“Now that SNAP’s Board consists of a majority of independent directors, we have met an important requirement to list on a national securities exchange.”

Krandel has experience of managing portions of long/short equity hedge funds, and has previously founded and co-managed a domestic long/short small-cap hedge fund.

Since 1992, she has been involved in public equity research and investing, beginning with Fred Alger Management, followed by positions at Delaware Management and Kern Capital Management.

She also holds a B.S. from the Wharton School of Business at the University of Pennsylvania and her M.B.A. from the University of Chicago.

Commenting on her new role, Krandel said: “I am excited to join SNAP’s Board and work with the executive team to help build it into a leader in the interactive dating industry.

“SNAP has the elements in place to be successful: It operates in an industry undergoing tremendous growth and has a management team with the vision and experience to capitalise on the opportunity.

“I am looking forward to helping guide SNAP on a path to continued success.”

Yesterday, SNAP launched a rebrand of its flagship dating platform, AreYouInterested (AYI.com), in an effort to re-engage old members and entice new singles to the service.

AYI.com is now live under its new name, FirstMet, with a brand new web design and enhanced features for both its desktop site and mobile app.