Helios and Matheson Analytics Inc’s (NASDAQ:HMNY) majority-owned subsidiary MoviePass announced that Maria Stipp, CEO of Lagunitas Brewing Company, has been elected to its Board of Directors.
“Maria has an excellent track record in the business world, and we’re thrilled to welcome her to the MoviePass board of directors,” said Mitch Lowe, CEO of MoviePass. “We believe her strong experience leading teams and expanding various programs will be invaluable to MoviePass as we continue to scale the company.”
As the CEO of Lagunitas Brewing Company, Stipp drives both the global business growth of Lagunitas as well as integration with Heineken. Prior to Lagunitas, Stipp was President of ecoATM, an automated kiosk business that enables consumers to sell or recycle their electronics for instant cash. Prior to becoming President of ecoATM, she was Chief New Venture Officer for Outerwall, the company that acquired ecoATM in 2013. Prior to these experiences, she held senior leadership positions at Activision and Miller Brewing Company.
“We searched extensively to find Maria for the MoviePass Board of Directors, and we couldn’t be more excited to welcome her to our team,” said Ted Farnsworth, CEO of Helios and Matheson Analytics Inc. and a director of MoviePass. “It is important to MoviePass that our board represents a good mix of talents and backgrounds as we grow the MoviePass business.”
“I am inspired by MoviePass’ vision, simplicity and value, and it’s been amazing to watch the company grow in the way that it has over the past few months,” said Stipp. “I am honored to have been elected to the board, and I’m looking forward to helping influence the strategic direction of the company.”
In the last three months, we can see that Helios and Matheson has received only one rating from the Street. This is a Buy rating from Maxim Group’s Brian Kinstlinger – which he assigned to the stock with a price target of $16.00. TipRanks reveals that Kinstlinger has a success rate of 66% and a yearly average return of 6%.