February 2, 2016
Trustpilot Demonstrates Commitment to Global Growth, Appoints Hanno Damm as CFO
New York, February 2, 2016 - Trustpilot, the leading global review community for online shoppers, announced the addition of Hanno Damm as chief financial officer (CFO). Hanno’s appointment further expands the company’s global executive team and signals its ongoing commitment to company growth, especially in the United States, where Hanno will be based. Hanno’s extensive experience in corporate finance and capital markets in both the U.S. and Europe will help advance Trustpilot into its next phase of global expansion.
Prior to joining Trustpilot, Hanno was a senior vice president at Bankrate, Inc. (NYSE: RATE), where he oversaw corporate finance and mergers and acquisitions. Hanno helped facilitate numerous acquisitions, which helped Bankrate become a leading online personal finance destination in the U.S. Hanno also held relevant positions at Apax Partners, a global private equity firm and PricewaterhouseCoopers, working on projects across multiple industries. Hanno holds a master’s degree in finance from Princeton University.
“As Trustpilot continues to expand our customer base globally, it is important to bring in someone with financial experience across multiple industries and markets,” said Peter Holten Mühlmann, Trustpilot founder and CEO. “Hanno’s efforts and strategic acumen helped to define the success of his previous companies. That experience, in addition to his familiarity with both U.S. and European markets, makes him an excellent addition to our global team.”
Trustpilot is an online review platform known for its commitment to fostering trust and transparency between businesses and consumers. By empowering the voice of the customer, companies are able to improve their overall business strategies and create excellent consumer experiences. Companies such as JustFab, B&H Photo, Uship, Dental Plans and Silver Star Brands have partnered with Trustpilot to build their online reputations, drive additional traffic and garner valuable business insights via a proactive customer feedback strategy.
“Trustpilot has created a global standard for trust through customer reviews,” said Hanno Damm, CFO of Trustpilot. “I’m really excited about taking on this role in a fast-growing SaaS business. With Trustpilot’s world-class team in five offices around the world, we will accelerate our growth even further and continue expanding into existing and new markets.”
Founded in 2007 by CEO Peter Holten Mühlmann, Trustpilot is a global, multi-language, open review community that builds trust and transparency between consumers and businesses. Boasting more than 17 million consumer reviews of 120,000 businesses, Trustpilot produces a TrustScore for businesses based on recent reviews. Every day, more than 10,000 consumers sign up on Trustpilot.com, and every month, 500,000 new reviews are posted on the community. Trustpilot has customers in 65 countries and has offices in New York, London, Copenhagen, Berlin and Melbourne; its employee base has increased from 168 people in 2013 to its current count of more than 500 employees representing 40 nationalities.