Workiva announced that its Board of Directors has unanimously named Martin Vanderploeg as Chief Executive Officer. Mr. Vanderploeg continues to serve as President and as a member of the company's Board of Directors. In addition, the Board elected David Mulcahy as non-executive Chairman of the Board of Directors.

Both appointments, which are effective immediately, follow the mutual decision between the Workiva Board and former Chairman and CEO Matthew Rizai that Mr. Rizai will resign from his positions as an officer and director of the company. Mr. Vanderploeg has previously served as Workiva's President and Chief Operating Officer. He has over 30 years of experience in mechanical engineering and building and scaling technology companies.

Mr. Mulcahy has been a Director of Workiva since its initial public offering in 2014. He also serves as a member of the board of directors, Chairman of the audit committee and a member of the executive committee of American Equity Investment Life Holding Company. He also serves as a member of the board of directors of American Equity Investment Life Insurance Company of New York.