Mobile adtech giant AppLovin is shaking up its upper ranks with a new chair of the board and the impending departures of both its chief technologist and its chief legal officer.
Adam Foroughi, AppLovin’s CEO and cofounder, stepped down as chairman of the board last week, according to an SEC filing made Tuesday. He was replaced by Wynn Resorts CEO Craig Billings, who has sat on the board since 2020. Foroughi will remain CEO and retain a seat as board member.
In a press release, Foroughi called Billings “thoughtful and engaged,” and added that the switch will allow him to “fully focus on strategic execution.”