Brent Frei, co-founder of the Bellevue-based work software company Smartsheet Inc. (NYSE: SMAR), is leaving the company's board in June.
Smartsheet announced the move in a Friday filing with the Securities and Exchange Commission, noting that Frei's decision isn't tied to a disagreement with Smartsheet.
Frei co-founded the company in 2005 but is now the founder and CEO of TerraClear, a company that helps farmers remove rocks.
“Smartsheet wouldn’t have come into existence without Brent. Since transitioning from an operating role at the company in 2016, he has served as a valuable member of our board," Smartsheet CEO Mark Mader said in a release.
Frei founded TerraClear in 2017, according to his LinkedIn page. He also spent two years at the Bellevue-based research and patent firm Intellectual Ventures from 2005 to 2007, his LinkedIn page notes.
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Smartsheet on Friday also announced Elena Gomez, chief financial officer of the restaurant tech company Toast, will be leaving Smartsheet's board in June. She has been on the board since 2017, according to her LinkedIn page. Smartsheet noted she has served on the board's audit committee for more than six years.
Katie Rooney, the CFO and chief operating officer of Alight Solutions, has joined Smartsheet's board. She has been with the human resources platform for close to seven years, according to her LinkedIn page.
“I’m looking forward to helping Smartsheet seize the massive opportunity ahead of it as the company sets its sights on global enterprise expansion," Rooney said in a release.
Smartsheet helps clients manage projects. Its platform captures schedules, resources and plans. Its dashboard can display important project information across multiple views. Smartsheet's clients include Uber, Pfizer and Alaska Airlines.
Smartsheet laid off 85 employees in February 2023, citing "drastic shifts in market demand." The company generated $958.3 million in revenue during fiscal year 2024, which ended in January for Smartsheet, a 25% year-over-year increase.
