Vertex announces CEO succession: Christopher Young to replace David DeStefano; Q3 2025 preliminary revenue ~$192M

Vertex, Inc.

David DeStefano retires as CEO/President effective Nov 10, 2025; will continue as non-executive Chairperson.
Christopher Young, former Microsoft EVP and McAfee CEO, appointed CEO/President and director effective Nov 10, 2025.
Young receives $700K base salary, $25M RSU grant, $500K signing bonus; target bonus 100% of base for FY2026.
Preliminary Q3 2025 revenue ~$192M (up ~12.7% YoY from $170.4M); Adj. EBITDA ~$43M (up ~11.4% from $38.6M).
Vertex surpassed $600M annual recurring revenue in 2024; cites strong foundation and growth runway.

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