Sprout Social, Inc. appointed Ryan Barretto as new CEO

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


Chief Executive Officer Transition 


On April 9, 2024, Justyn Howard informed the Board of Directors (the "Board") of Sprout Social, Inc. (the "Company") that he will step down from the role of the Company's Chief Executive Officer effective October 1, 2024 (the "Effective Date"). On April 11, 2024, the Board appointed Mr. Howard to the role of Executive Chair of the Board effective as of the Effective Date. 


On April 11, 2024, the Board appointed Ryan Barretto, the Company's current President, to succeed Mr. Howard as Chief Executive Officer effective as of the Effective Date. Additionally, at such time, it is expected that Mr. Barretto will be proposed to become a member of the Board.


Mr. Barretto, 45, has served as the Company's President since December 2020. Prior to that, he served as the Company's Senior Vice President, Global Sales since 2016. Before joining the Company, Mr. Barretto was Vice President of Global Sales, Pardot for Salesforce.com, Inc. (NYSE: CRM), a cloud-based software company, from November 2014 to June 2016 and the Area Vice President, Commercial Sales for Salesforce.com, Inc. from February 2012 to October 2014. Mr. Barretto holds a Bachelor's degree in Business Administration from Wilfrid Laurier University and a Master's degree in International Marketing from the University of Strathclyde. Mr. Barretto currently serves as a member of the board of directors of re:WORK TRAINING and FullStory. 


The terms of Mr. Barretto's compensation as Chief Executive Officer and Mr. Howard's compensation as Executive Chair have not yet been determined. The Company will file an amendment to this Current Report on Form 8-K when such compensation information has been determined.


There are no other arrangements or understandings between Mr. Barretto and any other persons pursuant to which Mr. Barretto will be appointed as the Company's Chief Executive Officer or member of the Board. Mr. Barretto does not have any family relationship with any of the Company's directors or executive officers or any persons nominated or chosen by the Company to be a director or executive officer. Mr. Barretto does not have any direct or indirect interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.