Early Life
Herald Chen, at the age of 55, grew up in a small town near Pittsburgh. Initially, he dreamed of running the town's steel mill. However, his career aspirations shifted during his studies at the University of Pennsylvania.
Rise to Success
Chen's career trajectory is marked by significant roles in finance and technology. Before joining AppLovin, he was the Head of Technology, Media, and Telecom (TMT) at Kohlberg Kravis Roberts & Co. (KKR) from 2007 to 2019. At KKR, he led investments in companies like AppLovin, WebMD, and Eastman Kodak. He holds a Bachelor of Science in Economics (Finance) and a Bachelor of Science in Engineering from the University of Pennsylvania and an MBA from Stanford Graduate School of Business. Chen joined AppLovin in November 2019 as President and CFO. During his tenure, he played a crucial role in the company's financial strategy, leading it through a successful public offering in April 2021, valued at $25 billion. In January 2024, he transitioned to an advisory role at AppLovin but remains on the board.
Key Business Strategies
As CFO of AppLovin, Chen helped the company increase its revenue nearly sevenfold, reaching $3.3 billion, and its net income to $357 million in 2023. He oversaw the company's preparation for its initial public offering. Chen owns a nearly 1% stake in AppLovin.
Philanthropy
Details of Herald Chen's specific philanthropic amounts and initiatives were not found in the search results.
