Curated by THEOUTPOST
On Wed, 4 Sept, 4:03 PM UTC
2 Sources
[1]
Insight Bolsters Leadership Team with New Executive Appointment and Two Board Members
Insight Enterprises (NASDAQ: NSIT) today announced the appointment of James Morgado to the role of chief financial officer, effective Jan. 1, 2025. Morgado will report to Insight CEO Joyce Mullen and, in January, will replace CFO Glynis Bryan, who announced her intent to retire earlier this year. Insight also announced that Deloitte alum Janet Foutty and ERM CEO and Boston Consulting Group (BCG) alum Tom Reichert joined its Board of Directors, effective Aug. 30. Foutty and Reichert add considerable consulting and services expertise to the board at a time when Insight is accelerating its progress toward becoming the leading Solutions Integrator. "As we gain traction in the Solutions Integrator category, I'm excited to welcome new leadership to Insight that will strengthen our business operations," said Joyce Mullen, president and chief executive officer, Insight. "James has been a key member of the leadership team at Insight, and his appointment as CFO is a testament to the succession-planning efforts we've worked on for several years. I'm confident his demonstrated leadership and focus on transformative results will drive both top- and bottom-line growth for the company. Janet and Tom's extensive services experience will help steer Insight closer to our goal of helping clients achieve the significant benefits of digital innovation faster and more efficiently." Morgado currently serves as senior vice president and chief financial officer for North America at Insight. In this role, Morgado has been responsible for driving the company's successful efforts to increase its gross margins as part of Insight's commercial excellence initiative. Prior to Insight, Morgado was vice president of finance for Synopsys Inc., where he led corporate planning, FP&A, treasury, procurement, and supply chain finance. He also served as vice president of finance for Juniper Networks, where he built the reporting and analytics team and helped design the system for corporate planning and sales forecasting. "Throughout my time at Insight, I have seen first-hand the company's success in defining a new category for the industry," said Morgado. "As a Solutions Integrator, we are investing in new growth areas to help our clients digitally transform, and I'm looking forward to playing a leading role in continuing to execute against that strategy." Morgado will succeed Glynis Bryan who has served as Insight's CFO since 2007 and has been instrumental in shaping the organization over the past 17 years. Bryan will continue to serve as CFO through the end of the 2024 calendar year. Coinciding with Morgado's appointment, Insight expanded its Board of Directors by adding Foutty and Reichert. Foutty, who retired from Deloitte in September after more than 30 years with the company, is a distinguished senior business leader, technologist, author, and frequent public speaker. She most recently served as executive chair of the board of Deloitte US and previously as CEO of Deloitte Consulting. During her time at Deloitte, Foutty helped Deloitte transform in response to market and technological disruptions, ultimately growing the business from $7 billion to $10 billion. Foutty currently serves on various not-for-profit boards, including Bright Pink, where she is Board Chair, Argonne National Labs, and The Chicago Network. Reichert is the CEO of ERM, the world's largest specialist sustainability consultancy, comprising over 8,000 experts across 40 countries. Prior to ERM, Reichert spent most of his career at BCG, where his tenure culminated with his role as global leader of DigitalBCG. He was also previously BCG's Chair of North America. In 2020, Reichert was recognized as one of the Power Players of Consulting by Business Insider, and Consulting Magazine named him one of the industry's top 25 most influential consultants in the leadership category in 2014. About Insight Insight Enterprises, Inc. is a global Fortune 500 Solutions Integrator helping accelerate transformation by unlocking the power of people and technology. We architect, build, and manage solutions for complex IT environments. Our digital transformation services include deep expertise in cloud, data, AI, cybersecurity and intelligent edge, augmented by longstanding relationships with 8,000+ technology partners. By quickly and effectively delivering best-fit solutions, we help our clients simplify modern business processes to improve customer and work experiences, business intelligence, efficiency and growth. We're rated as a Great Place to Work, a Forbes World's Best Employer and a Fortune World's Best Workplace. Discover more at insight.com. NSIT-M
[2]
Insight Enterprises names new finance chief (NASDAQ:NSIT)
Insight Enterprises (NASDAQ:NSIT) appointed of James Morgado to the role of CFO, effective Jan. 1, 2025. Morgado will report to Insight CEO Joyce Mullen and, in January, will replace CFO Glynis Bryan, who announced her intent to retire earlier this year. Insight (NSIT) also announced that Deloitte alum Janet Foutty and ERM CEO and Boston Consulting Group alum Tom Reichert joined its Board of Directors, effective August 30. Morgado currently serves as senior VP and CFO for North America at Insight. Morgado will succeed Glynis Bryan who has served as Insight's CFO since 2007. More on Insight Enterprises Insight Enterprises Inc (NSIT) Q2 2024 Earnings Call Transcript Insight Enterprises: Adoption Of AI Is A Growth Catalyst ValueAct exits CBRE stake, adds to Disney stake, among Q2 buys/sells Insight Enterprises Non-GAAP EPS of $2.46 misses by $0.36, revenue of $2.2B misses by $270M
Share
Share
Copy Link
Insight Enterprises, a Fortune 500 solutions integrator, announces significant changes to its leadership team with a new CFO appointment and the addition of two board members.
Insight Enterprises, Inc. (NASDAQ: NSIT), a Fortune 500 solutions integrator helping organizations accelerate their digital journey, has announced the appointment of Erin Lavelle as its new Chief Financial Officer (CFO), effective May 15, 2023 1. Lavelle brings extensive experience in finance and technology, having previously served as CFO at Ingram Micro Cloud and held leadership positions at Microsoft and Goldman Sachs 2.
In addition to the CFO appointment, Insight has also welcomed two new members to its board of directors [1]. Shawn O'Grady, who currently serves as the Group President of North America Retail at General Mills, and Bridget Schultz, the Executive Vice President and Chief Information Officer at Chevron, have joined the board, bringing their expertise in consumer goods and energy sectors, respectively.
The appointment of Lavelle as CFO comes as part of a planned succession, with the current CFO, Glynis Bryan, set to retire [2]. Bryan will remain with the company through August 31, 2023, to ensure a smooth transition of responsibilities. This change marks a significant shift in Insight's financial leadership after Bryan's 16-year tenure with the company.
These leadership changes are expected to bring fresh perspectives and diverse experiences to Insight Enterprises. Lavelle's background in cloud technology and finance aligns well with Insight's focus on digital transformation solutions [1]. The addition of O'Grady and Schultz to the board broadens the company's strategic oversight, potentially opening new avenues for growth and innovation.
Insight Enterprises' President and CEO, Joyce Mullen, expressed confidence in the new appointments, stating that they will contribute to the company's ambitious growth plans [1]. The company, which reported net sales of $10.4 billion in 2022, is positioning itself to capitalize on the increasing demand for digital transformation services across various industries.
These leadership changes come at a time when the technology solutions sector is experiencing rapid evolution, driven by cloud computing, artificial intelligence, and digital transformation initiatives. Insight's strategic appointments reflect the company's commitment to staying at the forefront of these industry trends and maintaining its competitive edge in the market.
Reference
[1]
[2]
NICE Ltd., a leading provider of cloud and enterprise software solutions, has announced the appointment of Tali Mirsky as its new Chief Executive Officer. Mirsky will succeed long-time CEO Barak Eilam, who is transitioning to the role of Executive Chairman.
2 Sources
Executives from Insight Venture Partners have sold a significant amount of nCino stock, totaling over $61 million. This move has caught the attention of investors and market analysts.
2 Sources
Recent SEC filings reveal a series of substantial stock sales by Insight Holdings Group executives and an nCino director, totaling over $180 million. These transactions have raised questions about insider sentiment and potential impacts on nCino's stock price.
4 Sources
Cerence Inc., a leader in AI for the automotive sector, has appointed Brian Krzanich as its new CEO. Krzanich, former CEO of CDK Global and Intel, brings extensive experience in AI and cloud computing to guide Cerence's transformation and growth in the rapidly evolving automotive industry.
3 Sources
ServiceNow reports strong Q2 2024 results but faces leadership shake-up as COO CJ Desai abruptly leaves due to internal hiring policy violation. The company maintains positive outlook despite the unexpected executive departure.
5 Sources
The Outpost is a comprehensive collection of curated artificial intelligence software tools that cater to the needs of small business owners, bloggers, artists, musicians, entrepreneurs, marketers, writers, and researchers.
© 2024 TheOutpost.AI All rights reserved