Duolingo Inc.
Duolingo Appoints Mario Schlosser to Board of Directors
Summary
On June 14, 2024, Duolingo, Inc. announced the appointment of Mario Schlosser as a Class I director to fill the vacancy left by Ms. Laela Sturdy's departure. Mr. Schlosser's term will commence on July 1, 2024, and he will participate in the Company's Non-Employee Director Compensation Program, which includes an annual cash retainer, restricted stock units, and an annual RSU award. He will also enter into the Company's standard form indemnification agreement.
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About Duolingo Inc.
Duolingo Inc. is a technology company that specializes in language learning applications, providing users worldwide with accessible and engaging educational content. Renowned for its flagship product, the Duolingo app, the company offers courses in over 30 languages, catering to a broad audience from beginners to advanced learners. The application uses gamification strategies, such as rewards and interactive exercises, to enhance user experience and improve retention in language learning. Beyond individual users, Duolingo also extends its offerings to educators and institutions through its Duolingo for Schools platform, allowing teachers to integrate digital language instruction into their curricula. As a significant player in the EdTech industry, Duolingo is instrumental in shaping modern approaches to education, emphasizing inclusivity and accessibility. Since its founding in 2011, Duolingo has continued to innovate and expand its presence, playing a pivotal role in the digital transformation of language education globally.
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