PubMatic (Nasdaq: PUBM) has announced that Chief Financial Officer Steve Pantelick intends to retire after fifteen years in the role. Pantelick will remain CFO into the first quarter of 2027, then transition to senior adviser through July 1, 2027, as the AI-powered ad tech company runs a formal search for his successor.
A Transition Built for Continuity
Since joining PubMatic in 2011, Pantelick has played a central role in the company's evolution from a privately held business into a global public company, overseeing its finance and legal organizations, including accounting, tax, treasury, SEC reporting and investor relations.
The extended timeline, remaining as CFO into early 2027 before moving into an advisory role through mid-2027, is designed to support continuity and a smooth handover while the company completes its search for a successor.
Since PubMatic's 2020 initial public offering, revenue has nearly doubled, and the company has generated approximately $450 million in net cash from operating activities, returning close to half of that to shareholders through more than $211 million in share repurchases, all while maintaining a debt-free balance sheet.
"Steve has been my partner in building PubMatic for fifteen years"— Rajeev Goel, Co-Founder and CEO, PubMatic
A Track Record of Disciplined Growth
Under Pantelick's leadership, PubMatic has been profitable on an adjusted EBITDA basis for 41 consecutive quarters, a streak stretching back to 2016, more than four years before the company went public. He is also credited with shaping PubMatic's disciplined operating model, driving productivity gains that funded strategic reinvestment across the business.
The retirement announcement coincides with PubMatic's second-quarter 2026 financial results, which showed a return to double-digit year-over-year revenue growth ahead of schedule alongside expanded profitability, underscoring the operational strength the leadership team is inheriting.