Claudio Ramolo
About Claudio Ramolo
Claudio Ramolo, age 38, is Chief Content Officer of Rumble Inc. (RUM), a role he has held since April 2015 after joining the company in 2013 as Vice President of Business Development; he graduated with honors in economics from McMaster University and leads creator growth, audience development, and distribution strategy . Company performance during the latest fiscal year shows revenue growth from $81.0M in 2023 to $95.5M in 2024 and an improvement in Adjusted EBITDA loss from $115.3M to $92.1M, reflecting progress toward monetization and efficiency . Rumble operates as a “controlled company” with concentrated voting control held by its CEO, which shapes governance dynamics and oversight considerations .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Rumble Inc. | Vice President, Business Development | 2013–Apr 2015 | Built content ecosystem, creator growth, audience development, and distribution strategy |
| Rumble Inc. | Chief Content Officer | Apr 2015–Present | Leads content creator growth and distribution strategy across platform |
External Roles
No external directorships or outside board roles are disclosed for Ramolo in RUM’s executive officer biographies (reviewed in 2025 DEF 14A) .
Fixed Compensation
- Ramolo is not listed as a named executive officer (NEO) in the 2025 proxy; therefore, specific compensation elements (base salary, target bonus, actual bonus, RSU/PSU grant values) are not disclosed .
- Company-wide program features include a Short-Term Incentive Plan (STIP) with performance goals set by the Compensation Committee and long-term equity under the 2022 Stock Incentive Plan (options and RSUs), but the proxy reports awards for NEOs only (CEO, COO, former GC) .
Performance Compensation
- Specific performance metrics, weightings, targets, actual results, and payouts tied to Ramolo’s incentives are not disclosed in the proxy. STIP mechanics and 2022 Plan LTI structures are described at a program level for NEOs, not for Ramolo .
Equity Ownership & Alignment
| Metric | Value |
|---|---|
| Class A shares owned | 3,343 |
| ExchangeCo shares owned (1:1 exchangeable for Class A) | 716,135 |
| Options exercisable within 60 days | 6,321,358 |
| Total beneficially owned (Class A-equivalent) | 7,040,836 |
| % of Class A-equivalent beneficial ownership | 2.0% |
| % of voting power | Less than 1% (“*”) |
| Class C (non-economic voting) shares | 716,135; <1% of Class C |
- ExchangeCo shares are issued with tandem Class C voting shares and exchangeable one-for-one into Class A; Class C and Class D shares are non-economic voting stock, with Class D held entirely by CEO at 11.2663 votes per share, driving controlled company status .
- Pledging/Hedging: RUM’s insider trading policy discourages but does not prohibit hedging or pledging for directors/officers, subject to pre-clearance and blackout processes—introducing potential alignment risk if such transactions are used; there is no specific disclosure of Ramolo pledging or hedging .
Employment Terms
Employment agreement terms (severance, change-in-control provisions, non-compete/non-solicit, clawback) are not disclosed for Ramolo. The proxy summarizes agreements for NEOs only (CEO, COO, former GC) .
Performance & Track Record (Company Context)
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Revenue ($USD) | $80,963,451 | $95,488,190 |
| Adjusted EBITDA ($USD) | $(115,332,549) | $(92,069,864) |
- Q4 2024 revenue was $30.2M (+48% YoY), with MAUs of 68M and ARPU $0.39; full-year revenue reached $95.5M, aided by stronger advertising and subscription revenue .
- Balance-sheet notes include a derivative liability related to Tether’s strategic investment, which impacted net loss in Q4 2024 ($184.7M fair-value change) .
Compensation Committee Analysis
- Committee members: Paul Cappuccio (Chair) and Nancy Armstrong; both independent under Nasdaq rules .
- Consultant: Mercer engaged to provide market data, peer group support, director compensation assessment, succession planning input, and executive compensation strategy; the committee determined Mercer’s work posed no conflict of interest .
- As an Emerging Growth Company, RUM is exempt from say-on-pay and certain Dodd-Frank pay disclosures, reducing external feedback mechanisms on executive compensation .
Investment Implications
- Ownership alignment: Ramolo’s holdings (exchangeable equity and significant vested options) provide upside exposure; however, the insider policy permits hedging/pledging (with pre-clearance), which can dilute alignment if used, and there is no disclosed ownership guideline compliance requirement for him specifically .
- Retention and incentive transparency: Absence of disclosed base pay, bonus metrics, and LTI vesting for Ramolo limits visibility into pay-for-performance alignment; investors should monitor future proxies/8-Ks for any comp changes or amendments .
- Company-level risk context: Controlled company status (CEO super-vote), material weaknesses in internal control identified in FY 2024, and non-cash losses tied to derivative accounting affect governance and earnings quality—consider these when assessing incentive design and potential trading signals .