Rubicon Technologies Announces Leadership Transition

Lexington, Kentucky –(Business Wire)–Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading digital marketplace for waste and recycling and innovative software-based products for businesses and governments around the world, today announced the Chief Executive Officer of Technical Officer Phil Rodoni has been appointed to the Rubicon Board of Directors (“Board”) as Chief Executive Officer (“CEO”) and a member of the Board of Directors, effective October 13, 2022. Founding CEO Nate Morris will continue to serve as Chairman, Director and Board Member. Strategic advisor during the succession period. Osman Ahmed has been appointed lead independent director.

Rodoni’s appointment as CEO is a key part of Rubicon’s strategic plan as the company works to achieve its mission to end waste through the digital transformation of the waste and recycling industry.

Rodoni has been Rubicon’s CTO since 2015. He came to Rubicon from Esurance as Vice President of Software Development. Before that, Rodoni held senior technical positions at Charles Schwab and Travelzoo. Rodoni holds a Bachelor of Arts (BA) in Economics from UC Berkeley and a Master of Business Administration (MBA) from the Haas School of Business.

I am very honored and excited to have the opportunity to lead Rubicon. The company is on a rapid growth path as we scale our industry-leading technology platform to transform the $2.1 trillion global waste and recycling market,” said Rodoni.”Becoming a public company on the New York Stock Exchange (NYSE) earlier this year is a big step toward that goal, and I look forward to leading the company as it continues to help businesses and governments around the world use technology to drive environmental innovation. I would like to thank Nate’s leadership and support over the years and he has led Rubicon to the level of success we are today. ”

With over 20 years of experience in technological innovation and product development, Rodoni has helped Rubicon become a leader in waste and recycling, and his vision for the company’s future makes him the natural fit to lead Rubicon’s next phase of success and growth. In new role At the last meeting, Rodoni will focus on several of Rubicon’s core goals, including accelerating the company’s progress to profitability, investing in Rubicon’s leading digital marketplace and product suite, and further developing Rubicon’s strategic vision and execution plan for the next phase. grow.

We believe Phil is the right leader to accelerate Rubicon’s growth as a public company, and we look forward to working with him as he executes the company’s strategic vision,” said board member Andres Chico.”Additionally, we thank Nate Morris for his many contributions to the company over a decade as founding CEO and chairman. Under Nate’s leadership, Rubicon has become a recognized catalyst for change across the waste and recycling industry, and we thank him for his long-term commitment and vision. ”

It has been an absolute privilege to lead Rubicon from its inception,” said Nate Morris.”Looking back over the past decade, I can’t be more proud of what we’ve accomplished – building more than 8 million service points, expanding service to all 50 states and 20 countries, and successfully completing a NYSE-listed process. I am excited about the opportunity to work with the board to ensure the company builds on our track record of achievement and delivers on our mission to eliminate waste. I know our platform, technology, team and leadership are all in good hands. ”

About Rubicon

Rubicon Technologies (NYSE: RBT) is a digital marketplace for waste and recycling, and provides innovative software-based products to businesses and governments around the world. The company is committed to creating new industry standards by using technology to drive environmental innovation, helping businesses transform into more sustainable businesses and transforming communities into greener, smarter places to live and work. Rubicon’s mission is to end waste. It helps its partners discover economic value in their waste streams and confidently execute on their sustainability goals. To learn more, visit

forward-looking statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. When the words “may,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “anticipate,” “project” and other words are used in this press release, this The negation of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based on estimates and assumptions that Rubicon Technologies, Inc. believes to be reasonable. (“Rubicon”) and its management, are inherently uncertain; factors that could cause actual results to differ materially from current expectations include, but are not limited to: 1) Following the completion of the business combination of Rubicon and the Founder SPAC, there may be 2) Rubicon’s ability to meet NYSE listing standards upon completion of the business combination; 3) the result of a business combination that disrupts Rubicon’s current plans and operations as a result of the business combination’s completion risks; 4) the ability to recognize the expected benefits of the business combination, which may be affected by factors such as the combined company’s ability to manage growth and profitability, its relationships with customers and suppliers, and its ability to retain its management and key employees; 5 ) costs associated with business combinations; 6) changes in applicable laws or regulations; 7) Rubicon may be adversely affected by other economic, commercial and/or competitive factors; 8) Rubicon’s filings with the U.S. Securities and Exchange Commission (“SEC”) Additional risks and uncertainties are set forth in the sections entitled “Risk Factors” and “Cautions Regarding Forward-Looking Statements” in the registration statement on Form S-1 and in other filings by Rubicon with the SEC. Although Rubicon believes that the expectations reflected in the forward-looking statements are reasonable, nothing in this press release should be construed as a representation by anyone that the forward-looking statements set forth herein or such expected results will be achieved by anyone sexual statement. There may be other risks that Rubicon is not currently aware of or that Rubicon currently believes to be insignificant and which could also cause actual results to differ from those contained in the forward-looking statements. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Rubicon disclaims and expressly disclaims any obligation to update these forward-looking statements, except as required by applicable law.

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