Magnite CFO David Day to Retire by Sept. 2026, Advisory Role to May 2027
Magnite CFO David Day will retire, serving through September 30, 2026, and then acting as special advisor through May 31, 2027. The Board has initiated an external and internal search for his successor while reaffirming its Q1 and full-year 2026 expectations from the February 2026 earnings release.
1. CFO Succession Plan
Magnite’s Board of Directors has commenced a comprehensive search for a new chief financial officer, considering both internal and external candidates. David Day, who guided Rubicon Project’s IPO and led major mergers and acquisitions, will actively participate in identifying and onboarding his successor.
2. Transition Timeline and Advisory Role
David Day will continue as CFO through September 30, 2026, ensuring continuity in financial operations, and will then serve as special advisor through May 31, 2027. This staggered transition aims to maintain momentum on ongoing integrations and strategic initiatives without interruption.
3. Reaffirmed Q1 and Full-Year Guidance
Magnite has reaffirmed its previously disclosed expectations for first-quarter and full-year 2026 results, as outlined in its February 25, 2026 earnings release. The reaffirmation underscores confidence in the company’s revenue growth and profitability targets for the coming periods.