LivePerson Founder Robert P. LoCascio Files Preliminary Proxy Statement, Nominates Two Highly Qualified Candidates Focused on AI and Enterprise B2B to the LivePerson Board of Directors

Core Viewpoint - The nomination of Walter Bachtiger and Michal Czwarno to the LivePerson Board aims to leverage their expertise in artificial intelligence and B2B operations to restore the company's market position and shareholder confidence [1][4]. Group 1: Nominees' Background and Expertise - Walter Bachtiger, Founder and CEO of TimeTrust and former LivePerson Vice President, has extensive experience in SaaS and B2B, particularly in delivering AI-powered chat support systems to Fortune 500 companies [2][7]. - Michal Czwarno is a strategic technology leader with a strong track record in scaling software companies, having held significant roles at Asana, PageUp, and DocuSign [2][8]. Group 2: Company Performance and Challenges - LivePerson's stock has declined by approximately 80% since August 2023, with a notable 47% drop in a single day following a February 2024 earnings call that revealed a $100 million revenue loss due to customer churn [3]. - The company underwent a debt restructuring in May 2024, which was dilutive to equity stockholders and increased exposure to interest rates, alongside key employee departures from the data science team [3]. Group 3: Strategic Vision and Goals - Mr. LoCascio emphasizes the need for a refreshed Board that understands LivePerson's operations and the evolving AI market to regain its leadership position [4][6]. - A clear operational and customer acquisition strategy is deemed essential to reduce customer churn and restore stock value [5][6].