Phunware appoints Jeremy Krol to its Board of Directors while continuing as Interim CEO, enhancing leadership and strategic direction.
Quiver AI Summary
Phunware, Inc. announced the appointment of Jeremy Krol to its Board of Directors, effective immediately. Krol, who has been serving as Phunware’s Chief Operating Officer and Interim Chief Executive Officer since July 2025, brings over 20 years of experience in engineering, finance, and technology startups to the role. He initially joined Phunware in June 2024 and will continue to oversee daily operations while enhancing business initiatives and technology integrations. The Board expressed confidence in Krol’s strategic insight, which is vital for advancing the company's growth plans. Phunware specializes in mobile app solutions and aims to enhance its offerings through new technologies and services.
Potential Positives
- Appointment of Jeremy Krol to the Board of Directors enhances leadership continuity as he continues as Interim CEO.
- Krol's extensive experience in engineering, finance, and technology startups is expected to strengthen Phunware's business and sales initiatives.
- His strategic insight and familiarity with Phunware's operations will support the execution of the company's growth plans.
- Phunware is poised to expand its offerings with new generative AI products and enhancements, leveraging its patents and intellectual property.
Potential Negatives
- Appointment of Jeremy Krol as both COO and Board member may raise concerns about governance and conflicts of interest due to concentration of power.
- Continued reliance on forward-looking statements emphasizes uncertainty around the company’s future performance and execution of growth plans.
- The need to fill a vacant position on the Board suggests potential instability or issues in leadership continuity.
FAQ
Who has been appointed to Phunware's Board of Directors?
Jeremy Krol has been appointed to Phunware’s Board of Directors, effective immediately.
What role will Jeremy Krol continue to hold at Phunware?
Jeremy Krol will continue serving as the Interim Chief Executive Officer while joining the Board of Directors.
What experience does Jeremy Krol bring to Phunware?
Krol brings over 20 years of experience in engineering, finance, and technology startups to Phunware.
What is Phunware's primary business focus?
Phunware specializes in mobile app solutions and integrated intelligent capabilities for brand engagement and monetization.
What are Phunware's future plans regarding technology?
Phunware plans to expand its offerings with new generative AI products and enhancements to better serve enterprise customers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PHUN Hedge Fund Activity
We have seen 11 institutional investors add shares of $PHUN stock to their portfolio, and 15 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- UBS GROUP AG removed 293,900 shares (-64.2%) from their portfolio in Q2 2025, for an estimated $931,663
- MORGAN STANLEY added 36,985 shares (+136.8%) to their portfolio in Q2 2025, for an estimated $117,242
- CITADEL ADVISORS LLC removed 29,228 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $92,652
- BLACKROCK, INC. added 23,903 shares (+4.5%) to their portfolio in Q2 2025, for an estimated $75,772
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 19,082 shares (-14.8%) from their portfolio in Q2 2025, for an estimated $60,489
- WOLVERINE TRADING, LLC added 12,945 shares (+inf%) to their portfolio in Q2 2025, for an estimated $41,035
- R SQUARED LTD added 12,188 shares (+inf%) to their portfolio in Q2 2025, for an estimated $38,635
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$PHUN Analyst Ratings
Wall Street analysts have issued reports on $PHUN in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Ascendiant Capital issued a "Buy" rating on 06/06/2025
To track analyst ratings and price targets for $PHUN, check out Quiver Quantitative's $PHUN forecast page.
$PHUN Price Targets
Multiple analysts have issued price targets for $PHUN recently. We have seen 2 analysts offer price targets for $PHUN in the last 6 months, with a median target of $7.75.
Here are some recent targets:
- Scott Buck from HC Wainwright & Co. set a target price of $3.0 on 08/14/2025
- Edward Woo from Ascendiant Capital set a target price of $12.5 on 06/06/2025
Full Release
Appointment Fills Vacant Position on Board of Directors
AUSTIN, Texas, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), the enterprise cloud platform for mobile that provides products, solutions, data, and services for brands to engage, manage and monetize global audiences, today announced the appointment of Jeremy Krol to its Board of Directors, effective immediately.
Mr. Krol, who served as Phunware’s COO before accepting a position as Interim Chief Executive Officer in July 2025, will continue in that leadership position in addition to joining the Board. Krol began his tenure at Phunware in June 2024 and brings more than 20 years of experience in engineering, finance, and technology startups. Prior to Phunware he served as a startup advisor for Platform Calgary, a technology accelerator hub. He will continue to oversee Phunware’s daily operations, strengthening business and sales initiatives around the existing products and advancing integrations of new technologies.
“We are pleased to welcome Jeremy to Phunware’s Board of Directors,” said Quyen Du, Board Director and Chair of the Company’s Nominating and Corporate Governance Committee. “Jeremy’s strategic insight and deep familiarity with our business and operations remains invaluable in the steer of Phunware, especially as we continue to finesse and execute on our growth plans.”
About Phunware
Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions with integrated intelligent capabilities. We provide businesses with the tools to create, implement, and manage custom mobile applications, analytics, digital advertising, and location-based services. Phunware is transforming mobile engagement by delivering scalable, personalized, and data-driven mobile app experiences.
Phunware’s mission is to achieve unparalleled connectivity and monetization through the widespread adoption of Phunware mobile technologies, leveraging brands, consumers, partners, and market participants. Phunware is poised to expand its software products and services audience through new generative AI products and product enhancements which are in development, utilize and monetize its patents and other intellectual property, and focus on serving its enterprise customers and partners.
For more information on Phunware, please visit www.phunware.com .
Safe Harbor / Forward-Looking Statements
This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” and similar expressions are intended to identify forward-looking statements. For example, Phunware uses forward-looking statements when it discusses the adoption and impact of emerging technologies and their use across mobile engagement platforms.
The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. These forward-looking statements involve risks, uncertainties, and other assumptions that may cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the SEC. We undertake no obligation to update any forward-looking statements.
By their nature, forward-looking statements involve risks and uncertainties. We caution you that forward-looking statements are not guarantees of future performance and that our actual results may differ materially from those expressed or implied by these forward-looking statements.
Investor Relations Contact:
Chris Tyson, Executive Vice President
MZ Group - MZ North America
949-491-8235
[email protected]
www.mzgroup.us
Phunware Media Contact:
Joe McGurk, Managing Director
917-259-6895
[email protected]
