Auddia Replaces CEO, Advances AI Restructuring Plan

Auddia Inc. has announced a leadership transition with Jeff Thramann succeeding Michael Lawless as CEO, following Lawless's retirement after thirteen years. The company has appointed three new independent board members—Nick Balletta, Emmanuel de Boucaud, and Josh Sroge—who bring expertise in AI infrastructure and entrepreneurial ventures. The restructured board formed a special committee to evaluate a transformative business combination and restructuring plan, aiming to reposition Auddia as a subsidiary of an AI native holding company. This holding company intends to leverage a proprietary AI data center to lower costs associated with AI model training and inference while fostering an AI-first culture. Jeff Thramann will serve as CEO of the holding company if the restructuring is completed, with a new CEO expected to be named for Auddia at that time. The initiative emerged from a comprehensive nine-month review targeting enhanced AI capabilities and innovation across Auddia's portfolio companies.