BALTIMORE, MD, November 23, 2022 (GLOBE NEWSWIRE) — MarketWise, Inc. MKTW (“MarketWise” or the “Company”), a leading multi-brand digital subscription services platform providing best-in-class financial analysis, software, education and tools for self-directed investors, today announced that Mark Arnold has resigned as Chairman of the Board and Chief Executive Officer of MarketWise and as a director of MarketWise. The board has accepted his resignation and Dr. Stephen Sjuggerud, a current director and two-decade veteran of MarketWise, as interim chief executive officer. These changes are effective immediately.

dr Sjuggerud commented, “Mark Arnold has been instrumental in the success of MarketWise since joining the company in 2013 and as our CEO for the past five years. We are grateful to Mark Arnold for his leadership in positioning the company for its next exciting phase of growth and wish him well in his future endeavors.”

“It has been an honor and privilege to be a part of the MarketWise story and ultimately lead us to become a Nasdaq-traded public company,” said Mr. Arnold. “In my nearly ten years with the company, we have seen tremendous growth in the depth, breadth and quality of the content and offerings we make available to our subscribers. We’ve also delivered tremendous value to our shareholders and I find that very satisfying.”

dr Stephen Sjuggerud joined MarketWise in 2001 and his True Wealth franchise includes five publications, accounting for over 100,000 paid subscriptions and nearly 800,000 free subscriptions. In addition to his editorial work at MarketWise, he has served on our Board of Directors since the company’s IPO in July 2021. During his tenure at MarketWise, Dr. Sjuggerud hired and/or mentored many of the company’s current executives. Before joining MarketWise, Dr. Sjuggerud Investment Research and worked as Vice President of a global investment fund and…