Company: IBTA
Filing Date: 2025-03-14
Form Type: 8-K
Source: 0001628280-25-012726
Chunk: 0

Company: Ibotta, Inc.
Filing Date: 2025-03-14
Form: 8-K
Item: Item 5.02
Chunk 0
---
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

Sunit Patel resigned as Chief Financial Officer and Principal Financial Officer of Ibotta, Inc. (the “ Company”), effective March 14, 2025, and he will remain with the Company through March 28, 2025.

Valarie Sheppard, a member of the Company’s Board of Directors (the “ Board”) will assume the position of the Company’s Interim Chief Financial Officer, effective March 14, 2025. In her position as Interim Chief Financial Officer, Ms. Sheppard will act as the Company’s Principal Financial Officer while a formal search process to identify and appoint a permanent Chief Financial Officer is conducted.

In conjunction with assuming the role of Interim Chief Financial Officer, Ms. Sheppard will step down as the Company’s Lead Independent Director, Chair of the Audit Committee, and a member of the Compensation Committee, but will remain a member of the Board.

Ms. Sheppard, 61, has served on the Board since August 2021. She worked at Procter & Gamble (“ P& G”) as Treasurer, Controller, and Executive Vice President Company Transition Leader from April 2019 until she retired from P& G in March 2021. Previously, she served as P& G’s Senior Vice President, Treasurer, and Comptroller from October 2013 to April 2019, and in various other roles since July 1986. Ms. Sheppard led P& G’s Corporate Finance, Accounting, and Treasury team, responsible for the external financial reporting, financial planning, global business development, and treasury operations for company businesses and operations in over 70 countries, with annual sales of more than $65 billion. She also led the global implementation of P& G’s new organization design, P& G’s most significant restructuring initiative in 25 years. She has been a board member of McCormick & Company, Inc., a global leader in flavor, seasonings, and spices, since June 2024 and KDC-One, a package design and manufacturing solutions provider, since April 2021. Ms. Sheppard holds a Bachelor’s degree in Accounting and a Master’s degree in Industrial Administration from Purdue University.

There are no arrangements or understandings between Ms. Sheppard and any other persons pursuant to which she was selected as the Company’s Interim Chief Financial Officer. There are also no family relationships between Ms. Sheppard and any director or executive officer