Similarweb initiates formal search process for CEO

Similarweb (SMWB) announced that its Board of Directors has initiated a formal search process for the company’s next CEO, as part of a planned and orderly leadership transition. Founder and CEO Or Offer, who founded Similarweb in 2007, will mark 20 years leading the company in May 2027. Offer has informed the Board of his intention to transition out of the CEO role and is working closely with the Board to ensure a thoughtful and seamless handover. Offer will continue to serve as CEO through the conclusion of the search and a transition period with his successor, with the leadership transition expected to be completed by mid-2027. During this period, he will remain fully focused on executing the company’s strategy for customers, employees and shareholders. The Board is engaging with a leading executive search firm and will evaluate candidates with the experience required to lead Similarweb through its next phase.